D.A. Davidson & CO. Buys 46,544 Shares of LyondellBasell Industries N.V. $LYB

D.A. Davidson & CO. grew its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 791.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 52,422 shares of the specialty chemicals company’s stock after acquiring an additional 46,544 shares during the period. D.A. Davidson & CO.’s holdings in LyondellBasell Industries were worth $4,223,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Banque Cantonale Vaudoise purchased a new position in shares of LyondellBasell Industries during the first quarter valued at $48,000. Quarry LP purchased a new stake in shares of LyondellBasell Industries in the 3rd quarter worth approximately $31,000. Clearstead Advisors LLC lifted its position in shares of LyondellBasell Industries by 140.3% in the 4th quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 390 shares during the period. CYBER HORNET ETFs LLC bought a new position in shares of LyondellBasell Industries during the second quarter valued at approximately $39,000. Finally, ORG Partners LLC increased its holdings in LyondellBasell Industries by 960.0% during the fourth quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock valued at $30,000 after buying an additional 624 shares during the period. Institutional investors own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on LYB shares. Deutsche Bank Aktiengesellschaft lifted their price target on LyondellBasell Industries from $75.00 to $80.00 and gave the company a “hold” rating in a report on Tuesday, May 5th. Citigroup cut their target price on LyondellBasell Industries from $80.00 to $67.00 and set a “buy” rating on the stock in a research note on Wednesday, June 24th. Morgan Stanley increased their price target on shares of LyondellBasell Industries from $52.00 to $77.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. raised their price target 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. Finally, Wolfe Research lifted their price objective on shares of LyondellBasell Industries from $38.00 to $62.00 and gave the stock an “underperform” rating in a research report on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $72.22.

LyondellBasell Industries Stock Up 2.5%

Shares of LYB stock opened at $59.23 on Friday. The stock’s fifty day moving average price is $62.92 and its 200 day moving average price is $62.68. LyondellBasell Industries N.V. has a 1-year low of $41.58 and a 1-year high of $83.94. The company has a market cap of $19.12 billion, a price-to-earnings ratio of -23.79, a price-to-earnings-growth ratio of 0.18 and a beta of 0.32. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.54 and a quick ratio of 1.03.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.18. The company had revenue of $7.20 billion during the quarter, compared to analysts’ expectations of $7.53 billion. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.The firm’s revenue was down 6.3% compared to the same quarter last year. During the same period last year, the business posted $0.33 earnings per share. On average, research analysts expect that LyondellBasell Industries N.V. will post 9.07 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Monday, June 1st were given a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Monday, June 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -110.84%.

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.