LyondellBasell Industries N.V. $LYB Position Boosted by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 61.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 229,357 shares of the specialty chemicals company’s stock after purchasing an additional 87,565 shares during the period. SG Americas Securities LLC owned about 0.07% of LyondellBasell Industries worth $17,335,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Stance Capital LLC acquired a new stake in shares of LyondellBasell Industries during the 3rd quarter valued at $27,000. Clearstead Advisors LLC increased its stake in shares of LyondellBasell Industries by 140.3% in the fourth quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company’s stock worth $29,000 after acquiring an additional 390 shares during the last quarter. ORG Partners LLC increased its stake in shares of LyondellBasell Industries by 960.0% in the fourth quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock worth $30,000 after acquiring an additional 624 shares during the last quarter. Quarry LP purchased a new stake in shares of LyondellBasell Industries during the third quarter worth $31,000. Finally, Key Capital Management INC purchased a new stake in shares of LyondellBasell Industries during the fourth quarter worth $34,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Price Performance

NYSE LYB opened at $55.69 on Friday. LyondellBasell Industries N.V. has a fifty-two week low of $41.58 and a fifty-two week high of $83.94. The stock’s 50-day moving average is $68.20 and its two-hundred day moving average is $61.45. 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 firm has a market cap of $17.97 billion, a P/E ratio of -22.36, a price-to-earnings-growth ratio of 0.13 and a beta of 0.28.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share for the quarter, topping 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 business’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 earnings per share. On average, analysts anticipate that LyondellBasell Industries N.V. will post 8.73 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Monday, June 1st were issued a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 5.0%. The ex-dividend date was Monday, June 1st. LyondellBasell Industries’s payout ratio is -110.84%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Weiss Ratings lowered LyondellBasell Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. Citigroup reduced their price target on LyondellBasell Industries from $80.00 to $67.00 and set a “buy” rating for the company in a report on Wednesday. BMO Capital Markets boosted their price target on LyondellBasell Industries from $82.00 to $88.00 and gave the company a “market perform” rating in a research note on Tuesday, May 5th. Morgan Stanley increased their price objective on LyondellBasell Industries from $52.00 to $77.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Finally, Wall Street Zen raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $75.94.

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.