North Dakota State Investment Board Acquires New Position in LyondellBasell Industries N.V. $LYB

North Dakota State Investment Board acquired a new stake in LyondellBasell Industries N.V. (NYSE:LYB) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,814 shares of the specialty chemicals company’s stock, valued at approximately $382,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital World Investors boosted its stake in LyondellBasell Industries by 13.1% in the third quarter. Capital World Investors now owns 9,807,743 shares of the specialty chemicals company’s stock valued at $480,972,000 after acquiring an additional 1,135,258 shares during the period. Bruce & Co. Inc. boosted its stake in LyondellBasell Industries by 50.0% in the third quarter. Bruce & Co. Inc. now owns 60,000 shares of the specialty chemicals company’s stock valued at $2,942,000 after acquiring an additional 20,000 shares during the period. TD Asset Management Inc boosted its stake in 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 acquiring an additional 32,401 shares during the period. Barclays PLC boosted its stake in LyondellBasell Industries by 3.5% in the third quarter. Barclays PLC now owns 1,006,356 shares of the specialty chemicals company’s stock valued at $49,352,000 after acquiring an additional 33,873 shares during the period. Finally, Capital International Inc. CA boosted its stake in 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 valued at $3,391,000 after acquiring an additional 15,644 shares during the period. 71.20% of the stock is owned by institutional investors.

Insider Buying and Selling at LyondellBasell Industries

In related news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $68.13, for a total transaction of $26,199,255.24. Following the sale, the insider owned 5,270,918 shares of the company’s stock, valued at $359,107,643.34. The trade was a 6.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

LYB has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their target price on LyondellBasell Industries from $50.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Wolfe Research lifted their target price on LyondellBasell Industries from $38.00 to $62.00 and gave the company an “underperform” rating in a research note on Tuesday, April 14th. BMO Capital Markets lifted their target price 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. Zacks Research upgraded LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 1st. Finally, Mizuho lifted their price target on LyondellBasell Industries from $74.00 to $76.00 in a report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, LyondellBasell Industries presently has an average rating of “Hold” and a consensus price target of $76.76.

LyondellBasell Industries Stock Performance

LYB opened at $69.66 on Friday. The business’s 50 day moving average is $74.04 and its 200-day moving average is $58.19. The stock has a market cap of $22.49 billion, a PE ratio of -27.98, a price-to-earnings-growth ratio of 0.16 and a beta of 0.32. The company has a current ratio of 1.54, a quick ratio of 1.03 and a debt-to-equity ratio of 1.12. LyondellBasell Industries N.V. has a twelve month low of $41.58 and a twelve month high of $83.94.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.18. The company had revenue of $7.20 billion for 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 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. On average, analysts predict that LyondellBasell Industries N.V. will post 8.73 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Monday, June 1st. 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.