SG Americas Securities LLC Has $17.34 Million Holdings in LyondellBasell Industries N.V. $LYB

SG Americas Securities LLC increased its position in LyondellBasell Industries N.V. (NYSE:LYB) by 61.8% during the 1st 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 acquiring an additional 87,565 shares during the quarter. SG Americas Securities LLC’s holdings in LyondellBasell Industries were worth $17,335,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Capital World Investors boosted its stake in LyondellBasell Industries by 13.1% during the 3rd quarter. Capital World Investors now owns 9,807,743 shares of the specialty chemicals company’s stock valued at $480,972,000 after purchasing an additional 1,135,258 shares during the period. Bruce & Co. Inc. increased its position in LyondellBasell Industries by 50.0% in the 3rd quarter. Bruce & Co. Inc. now owns 60,000 shares of the specialty chemicals company’s stock worth $2,942,000 after buying an additional 20,000 shares during the period. TD Asset Management Inc increased its position in LyondellBasell Industries by 12.8% in the 3rd quarter. TD Asset Management Inc now owns 286,067 shares of the specialty chemicals company’s stock worth $14,029,000 after buying an additional 32,401 shares during the period. Barclays PLC lifted its holdings in shares of LyondellBasell Industries by 3.5% during 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 boosted its position 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 valued at $3,391,000 after acquiring an additional 15,644 shares during the period. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Stock Performance

LYB opened at $55.69 on Friday. The stock has a market cap of $17.97 billion, a PE ratio of -22.36, a P/E/G ratio of 0.13 and a beta of 0.28. 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 1 year low of $41.58 and a 1 year high of $83.94. The stock’s 50 day simple moving average is $68.20 and its 200-day simple moving average is $61.45.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results 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 business had revenue of $7.20 billion during 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%.LyondellBasell Industries’s revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.33 earnings per share. Sell-side analysts forecast that LyondellBasell Industries N.V. will post 8.73 EPS for the current year.

LyondellBasell Industries Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on LYB shares. Weiss Ratings downgraded shares of LyondellBasell Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday. Jefferies Financial Group upped their target price on shares of LyondellBasell Industries from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, April 16th. Morgan Stanley increased their price target on shares of LyondellBasell Industries from $52.00 to $77.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Alembic Global Advisors upgraded shares of LyondellBasell Industries from a “neutral” rating to an “overweight” rating in a research report on Thursday, April 9th. Finally, Citigroup cut their price objective on shares of LyondellBasell Industries from $80.00 to $67.00 and set a “buy” rating for the company in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $75.94.

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.