Private Advisor Group LLC Boosts Holdings in LyondellBasell Industries N.V. $LYB

Private Advisor Group LLC increased its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 122.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,595 shares of the specialty chemicals company’s stock after buying an additional 15,188 shares during the period. Private Advisor Group LLC’s holdings in LyondellBasell Industries were worth $2,223,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Woodline Partners LP raised its stake in shares of LyondellBasell Industries by 40.4% in the first quarter. Woodline Partners LP now owns 21,899 shares of the specialty chemicals company’s stock valued at $1,542,000 after acquiring an additional 6,297 shares in the last quarter. Focus Partners Wealth increased its holdings in LyondellBasell Industries by 35.4% during the 1st quarter. Focus Partners Wealth now owns 6,866 shares of the specialty chemicals company’s stock worth $483,000 after purchasing an additional 1,796 shares during the period. Baird Financial Group Inc. increased its holdings in LyondellBasell Industries by 69.5% during the 2nd quarter. Baird Financial Group Inc. now owns 29,488 shares of the specialty chemicals company’s stock worth $1,706,000 after purchasing an additional 12,087 shares during the period. Cerity Partners LLC raised its position in LyondellBasell Industries by 13.9% in the 2nd quarter. Cerity Partners LLC now owns 49,348 shares of the specialty chemicals company’s stock valued at $2,855,000 after purchasing an additional 6,032 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in shares of LyondellBasell Industries by 9.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 41,416 shares of the specialty chemicals company’s stock valued at $2,397,000 after buying an additional 3,715 shares during the period. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Price Performance

Shares of NYSE LYB opened at $56.30 on Friday. The stock has a market cap of $18.17 billion, a P/E ratio of -22.61, a P/E/G ratio of 0.18 and a beta of 0.32. LyondellBasell Industries N.V. has a twelve month low of $41.58 and a twelve month high of $83.94. The stock has a 50 day moving average of $64.46 and a two-hundred day moving average of $62.14. The company has a current ratio of 1.54, a quick ratio of 1.03 and a debt-to-equity ratio of 1.12.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.18. The business had revenue of $7.20 billion for the quarter, compared to analyst estimates of $7.53 billion. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period last year, the firm posted $0.33 earnings per share. On average, research analysts forecast that LyondellBasell Industries N.V. will post 8.84 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Monday, June 1st were paid a dividend of $0.69 per share. The ex-dividend date was Monday, June 1st. This represents a $2.76 dividend on an annualized basis and a yield of 4.9%. LyondellBasell Industries’s dividend payout ratio is currently -110.84%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LYB. UBS Group cut their target price on shares of LyondellBasell Industries from $82.00 to $73.00 and set a “neutral” rating on the stock in a research note on Friday, June 5th. Weiss Ratings downgraded shares of LyondellBasell Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, June 24th. Wells Fargo & Company upgraded shares of LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $80.00 to $98.00 in a report on Thursday, May 28th. JPMorgan Chase & Co. increased their price objective on shares of LyondellBasell Industries from $50.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Finally, Zacks Research lowered shares of LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $72.22.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. (NYSE: LYB) is a global chemical company headquartered in Houston, Texas, that specializes in the production of polyolefins and advanced polymers. Through its extensive portfolio, the company supplies raw materials for a wide range of end markets, including packaging, automotive, construction, electronics and consumer goods. By combining proprietary process technologies with expertise in catalysts, LyondellBasell aims to deliver value-added solutions that enhance product performance and sustainability.

The company’s integrated operations encompass the manufacture of olefins and polyolefins, advanced polymer products, chemical intermediates and refining activities.