Copley Financial Group Inc. Makes New $371,000 Investment in LyondellBasell Industries N.V. $LYB

Copley Financial Group Inc. bought a new stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,565 shares of the specialty chemicals company’s stock, valued at approximately $371,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Capital World Investors lifted its holdings in LyondellBasell Industries by 13.1% in the 3rd quarter. Capital World Investors now owns 9,807,743 shares of the specialty chemicals company’s stock worth $480,972,000 after purchasing an additional 1,135,258 shares during the last quarter. Bruce & Co. Inc. grew its holdings in LyondellBasell Industries by 50.0% during the third quarter. Bruce & Co. Inc. now owns 60,000 shares of the specialty chemicals company’s stock valued at $2,942,000 after purchasing an additional 20,000 shares during the last quarter. TD Asset Management Inc raised its position in shares of LyondellBasell Industries by 12.8% in the third quarter. TD Asset Management Inc now owns 286,067 shares of the specialty chemicals company’s stock valued at $14,029,000 after purchasing an additional 32,401 shares during the period. Barclays PLC lifted its stake in shares of LyondellBasell Industries by 3.5% in the third quarter. Barclays PLC now owns 1,006,356 shares of the specialty chemicals company’s stock worth $49,352,000 after buying an additional 33,873 shares during the last quarter. Finally, Capital International Inc. CA lifted its stake in shares of LyondellBasell Industries by 29.2% in the third quarter. Capital International Inc. CA now owns 69,146 shares of the specialty chemicals company’s stock worth $3,391,000 after buying an additional 15,644 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

Shares of LyondellBasell Industries stock opened at $62.44 on Wednesday. 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 company has a market cap of $20.16 billion, a PE ratio of -25.08, a price-to-earnings-growth ratio of 0.15 and a beta of 0.28. The firm has a fifty day moving average price of $70.56 and a two-hundred day moving average price of $60.86. LyondellBasell Industries N.V. has a fifty-two week low of $41.58 and a fifty-two week high of $83.94.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.18. The company had revenue of $7.20 billion for 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 business’s revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 EPS. Analysts expect that LyondellBasell Industries N.V. will post 8.73 EPS for the current year.

LyondellBasell Industries Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Bank of America reiterated an “underperform” rating and issued a $55.00 target price on shares of LyondellBasell Industries in a research note on Monday, April 6th. Alembic Global Advisors raised shares of LyondellBasell Industries from a “neutral” rating to an “overweight” rating in a research report on Thursday, April 9th. Vertical Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Monday, March 9th. Evercore lifted their price objective on LyondellBasell Industries from $70.00 to $73.00 in a research note on Thursday, May 14th. Finally, Wall Street Zen raised LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $76.71.

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.