ABN Amro Investment Solutions Purchases New Shares in LyondellBasell Industries N.V. $LYB

ABN Amro Investment Solutions purchased a new position in shares of LyondellBasell Industries N.V. (NYSE:LYB) during the 1st quarter, Holdings Channel.com reports. The fund purchased 9,117 shares of the specialty chemicals company’s stock, valued at approximately $734,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Research Global Investors boosted its holdings in LyondellBasell Industries by 108.7% in the fourth quarter. Capital Research Global Investors now owns 9,159,702 shares of the specialty chemicals company’s stock valued at $396,615,000 after purchasing an additional 4,770,260 shares during the last quarter. AQR Capital Management LLC increased its holdings in LyondellBasell Industries by 512.9% during the 4th quarter. AQR Capital Management LLC now owns 3,093,318 shares of the specialty chemicals company’s stock worth $133,941,000 after purchasing an additional 2,588,636 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of LyondellBasell Industries by 5,451.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,457,591 shares of the specialty chemicals company’s stock valued at $63,114,000 after purchasing an additional 1,431,334 shares in the last quarter. Morgan Stanley boosted its stake in shares of LyondellBasell Industries by 16.9% during the 4th quarter. Morgan Stanley now owns 8,971,741 shares of the specialty chemicals company’s stock valued at $388,476,000 after buying an additional 1,300,271 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of LyondellBasell Industries during the fourth quarter worth approximately $52,210,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LYB. Mizuho dropped their price target on shares of LyondellBasell Industries from $76.00 to $62.00 and set a “neutral” rating for the company in a research note on Wednesday, July 1st. Zacks Research lowered shares of LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft upped their target price on shares of LyondellBasell Industries from $75.00 to $80.00 and gave the company a “hold” rating in a research note on Tuesday, May 5th. Wells Fargo & Company raised shares of LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $80.00 to $98.00 in a research report on Thursday, May 28th. Finally, Jefferies Financial Group boosted their price objective on LyondellBasell Industries from $70.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, April 16th. One 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’s stock. According to MarketBeat.com, LyondellBasell Industries presently has a consensus rating of “Hold” and an average 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 company has a debt-to-equity ratio of 1.12, a current ratio of 1.54 and a quick ratio of 1.03. The business has a 50 day simple moving average of $61.65 and a 200 day simple moving average of $63.30. The firm has a market capitalization of $19.46 billion, a P/E ratio of -24.22, a P/E/G ratio of 0.20 and a beta of 0.32.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly 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 company had revenue of $7.20 billion during the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted $0.33 earnings per share. Equities research analysts predict that LyondellBasell Industries N.V. will post 8.57 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Monday, June 1st were paid a dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.76 annualized dividend and a yield of 4.6%. 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.