Beaconlight Capital LLC Acquires Shares of 17,202 LyondellBasell Industries N.V. $LYB

Beaconlight Capital LLC bought a new position in LyondellBasell Industries N.V. (NYSE:LYB) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 17,202 shares of the specialty chemicals company’s stock, valued at approximately $1,386,000. LyondellBasell Industries makes up about 0.7% of Beaconlight Capital LLC’s portfolio, making the stock its 28th largest holding.

A number of other large investors have also recently modified their holdings of LYB. Oxbow Advisors LLC purchased a new position in LyondellBasell Industries during the 4th quarter valued at about $4,616,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of LyondellBasell Industries by 32.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 56,986 shares of the specialty chemicals company’s stock worth $2,633,000 after purchasing an additional 14,006 shares during the period. Swedbank AB increased its holdings in LyondellBasell Industries by 16.0% during the fourth quarter. Swedbank AB now owns 242,726 shares of the specialty chemicals company’s stock valued at $10,510,000 after buying an additional 33,399 shares during the period. Stanley Laman Group Ltd. raised its stake in LyondellBasell Industries by 66.0% in the fourth quarter. Stanley Laman Group Ltd. now owns 53,423 shares of the specialty chemicals company’s stock worth $2,313,000 after buying an additional 21,235 shares in the last quarter. Finally, Tejara Capital Ltd bought a new position in shares of LyondellBasell Industries in the 4th quarter worth $1,425,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LYB. Royal Bank Of Canada dropped their price objective on LyondellBasell Industries from $94.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 1st. Wolfe Research boosted their price objective on shares of LyondellBasell Industries from $38.00 to $62.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 14th. The Goldman Sachs Group increased their target price on shares of LyondellBasell Industries from $51.00 to $75.00 and gave the company a “sell” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. lifted their price target on shares of LyondellBasell Industries from $50.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Finally, Alembic Global Advisors reduced their price target on LyondellBasell Industries from $95.00 to $83.00 and set an “overweight” rating on the stock in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $71.94.

LyondellBasell Industries Trading Down 2.3%

NYSE:LYB opened at $60.30 on Friday. LyondellBasell Industries N.V. has a 12 month low of $41.58 and a 12 month high of $83.94. The firm has a fifty day simple moving average of $61.65 and a 200-day simple moving average of $63.30. The company has a current ratio of 1.54, a quick ratio of 1.03 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $19.46 billion, a P/E ratio of -24.22, a PEG ratio of 0.20 and a beta of 0.32.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.18. The firm had revenue of $7.20 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 EPS. On average, equities research analysts anticipate that LyondellBasell Industries N.V. will post 8.57 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The company also recently announced 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 of this dividend was Monday, June 1st. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.6%. LyondellBasell Industries’s payout ratio is -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.