Blackhawk Capital Partners LLC Takes $711,000 Position in LyondellBasell Industries N.V. $LYB

Blackhawk Capital Partners LLC bought a new stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 8,820 shares of the specialty chemicals company’s stock, valued at approximately $711,000.

A number of other large investors also recently added to or reduced their stakes in the business. Stance Capital LLC bought a new position in shares of LyondellBasell Industries during the third quarter worth $27,000. Clearstead Advisors LLC increased its holdings in LyondellBasell Industries by 140.3% in the 4th quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company’s stock valued at $29,000 after acquiring an additional 390 shares during the last quarter. ORG Partners LLC lifted its stake in LyondellBasell Industries by 960.0% in the 4th quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 624 shares in the last quarter. Quarry LP purchased a new stake in LyondellBasell Industries in the 3rd quarter worth $31,000. Finally, Key Capital Management INC bought a new position in shares of LyondellBasell Industries during the 4th quarter valued at about $34,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on LYB shares. The Goldman Sachs Group lifted their price objective on LyondellBasell Industries from $51.00 to $75.00 and gave the stock a “sell” rating in a research note on Monday, May 4th. Bank of America lowered their target price on LyondellBasell Industries from $68.00 to $48.00 and set an “underperform” rating for the company in a research report on Tuesday, June 30th. JPMorgan Chase & Co. raised their target price on shares of LyondellBasell Industries from $50.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Wolfe Research upped their price target on shares of LyondellBasell Industries from $38.00 to $62.00 and gave the company an “underperform” rating in a research note on Tuesday, April 14th. Finally, Jefferies Financial Group increased their price objective on shares of LyondellBasell Industries from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $72.22.

LyondellBasell Industries Stock Performance

NYSE LYB opened at $58.06 on Thursday. The business’s 50 day moving average price is $63.44 and its 200-day moving average price is $62.60. LyondellBasell Industries N.V. has a fifty-two week low of $41.58 and a fifty-two week high of $83.94. The company has a market cap of $18.74 billion, a P/E ratio of -23.32, a P/E/G ratio of 0.18 and a beta of 0.32. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.54.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.18. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The business had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $7.53 billion. During the same quarter in the prior year, the firm posted $0.33 earnings per share. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. Sell-side analysts predict that LyondellBasell Industries N.V. will post 9.07 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Monday, June 1st were issued 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 4.8%. LyondellBasell Industries’s payout ratio is presently -110.84%.

About LyondellBasell Industries

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.