LyondellBasell Industries N.V. $LYB Shares Purchased by Private Advisor Group LLC

Private Advisor Group LLC raised its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 122.4% in the 1st quarter, Holdings Channel reports. The fund owned 27,595 shares of the specialty chemicals company’s stock after acquiring an additional 15,188 shares during the quarter. Private Advisor Group LLC’s holdings in LyondellBasell Industries were worth $2,223,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Stance Capital LLC purchased a new stake in shares of LyondellBasell Industries during the third quarter worth approximately $27,000. Banque Cantonale Vaudoise acquired a new stake in shares of LyondellBasell Industries during the first quarter worth $48,000. Quarry LP purchased a new position in LyondellBasell Industries in the 3rd quarter valued at $31,000. Clearstead Advisors LLC increased its stake in LyondellBasell Industries by 140.3% in the 4th quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company’s stock valued at $29,000 after buying an additional 390 shares during the period. Finally, CYBER HORNET ETFs LLC acquired a new position in LyondellBasell Industries in the 2nd quarter valued at $39,000. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LYB has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of LyondellBasell Industries from $75.00 to $80.00 and gave the stock a “hold” rating in a research note on Tuesday, May 5th. UBS Group cut their price target on shares of LyondellBasell Industries from $82.00 to $73.00 and set a “neutral” rating for the company in a report on Friday, June 5th. JPMorgan Chase & Co. raised their price objective on shares of LyondellBasell Industries from $50.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Citigroup lowered their price objective on LyondellBasell Industries from $80.00 to $67.00 and set a “buy” rating on the stock in a report on Wednesday, June 24th. Finally, Wells Fargo & Company upgraded LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $80.00 to $98.00 in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $72.22.

LyondellBasell Industries Stock Up 1.6%

LyondellBasell Industries stock opened at $56.30 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 company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.54. The stock’s fifty day moving average is $64.46 and its two-hundred day moving average is $62.14. The firm has a market capitalization of $18.17 billion, a price-to-earnings ratio of -22.61, a price-to-earnings-growth ratio of 0.18 and a beta of 0.32.

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, topping the consensus estimate of $0.31 by $0.18. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.The company had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $7.53 billion. During the same quarter last year, the business posted $0.33 earnings per share. LyondellBasell Industries’s revenue was down 6.3% compared to the same quarter last year. Analysts predict that LyondellBasell Industries N.V. will post 8.84 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Monday, June 1st were given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Monday, June 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is currently -110.84%.

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.