Alps Advisors Inc. Purchases New Shares in LyondellBasell Industries N.V. $LYB

Alps Advisors Inc. purchased a new stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) in the fourth quarter, Holdings Channel.com reports. The fund purchased 565,129 shares of the specialty chemicals company’s stock, valued at approximately $24,470,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in LyondellBasell Industries by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 30,965,458 shares of the specialty chemicals company’s stock valued at $1,518,546,000 after purchasing an additional 84,251 shares in the last quarter. State Street Corp increased its holdings in LyondellBasell Industries by 2.1% during the 3rd quarter. State Street Corp now owns 13,182,950 shares of the specialty chemicals company’s stock valued at $646,492,000 after purchasing an additional 267,799 shares in the last quarter. Capital World Investors increased its holdings in LyondellBasell Industries by 0.4% during the 4th quarter. Capital World Investors now owns 9,843,930 shares of the specialty chemicals company’s stock valued at $426,242,000 after purchasing an additional 36,187 shares in the last quarter. Capital Research Global Investors increased its holdings in LyondellBasell Industries by 108.7% during the 4th 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 in the last quarter. Finally, Geode Capital Management LLC increased its holdings in LyondellBasell Industries by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 6,937,351 shares of the specialty chemicals company’s stock valued at $300,998,000 after purchasing an additional 305,519 shares in the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Down 2.8%

Shares of LYB opened at $63.31 on Friday. The firm has a market capitalization of $20.43 billion, a price-to-earnings ratio of -25.42, a PEG ratio of 0.15 and a beta of 0.28. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.54. The business’s fifty day moving average price is $71.47 and its two-hundred day moving average price is $60.52. LyondellBasell Industries N.V. has a 52 week low of $41.58 and a 52 week high of $83.94.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data 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 firm had revenue of $7.20 billion for the quarter, compared to analyst estimates of $7.53 billion. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.The business’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period last year, the company earned $0.33 EPS. On average, analysts predict that LyondellBasell Industries N.V. will post 8.73 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Monday, June 1st were given a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Monday, June 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is currently -110.84%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. BMO Capital Markets raised their price target on LyondellBasell Industries from $82.00 to $88.00 and gave the company a “market perform” rating in a report on Tuesday, May 5th. KeyCorp upgraded LyondellBasell Industries from a “sector weight” rating to an “overweight” rating and set a $73.00 price objective on the stock in a research report on Wednesday, March 4th. Bank of America reiterated an “underperform” rating and issued a $55.00 price objective on shares of LyondellBasell Industries in a research report on Monday, April 6th. Weiss Ratings upgraded LyondellBasell Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, May 19th. Finally, Alembic Global Advisors upgraded LyondellBasell Industries from a “neutral” rating to an “overweight” rating in a research report on Thursday, April 9th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, LyondellBasell Industries currently has an average rating of “Hold” and an average price target of $76.71.

LyondellBasell Industries 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.