Waterfront Wealth Inc. Makes New Investment in LyondellBasell Industries N.V. $LYB

Waterfront Wealth Inc. purchased a new position in shares of LyondellBasell Industries N.V. (NYSE:LYB) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 13,883 shares of the specialty chemicals company’s stock, valued at approximately $1,118,000.

A number of other hedge funds have also recently modified their holdings of the business. Woodline Partners LP raised its holdings in LyondellBasell Industries by 40.4% in the 1st quarter. Woodline Partners LP now owns 21,899 shares of the specialty chemicals company’s stock worth $1,542,000 after purchasing an additional 6,297 shares during the period. Focus Partners Wealth lifted its position in shares of LyondellBasell Industries by 35.4% during the 1st quarter. Focus Partners Wealth now owns 6,866 shares of the specialty chemicals company’s stock valued at $483,000 after buying an additional 1,796 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of LyondellBasell Industries by 69.5% during the 2nd quarter. Baird Financial Group Inc. now owns 29,488 shares of the specialty chemicals company’s stock valued at $1,706,000 after buying an additional 12,087 shares in the last quarter. Cerity Partners LLC grew its stake in shares of LyondellBasell Industries by 13.9% during the 2nd quarter. Cerity Partners LLC now owns 49,348 shares of the specialty chemicals company’s stock valued at $2,855,000 after acquiring an additional 6,032 shares during the period. Finally, Daiwa Securities Group Inc. increased its holdings in LyondellBasell Industries by 9.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 41,416 shares of the specialty chemicals company’s stock worth $2,397,000 after acquiring an additional 3,715 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on LYB shares. BMO Capital Markets reduced their price objective on shares of LyondellBasell Industries from $88.00 to $64.00 and set a “market perform” rating for the company in a research note on Monday, July 6th. JPMorgan Chase & Co. upped their target price on shares of LyondellBasell Industries from $50.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Evercore upped their price objective on LyondellBasell Industries from $70.00 to $73.00 in a research note on Thursday, May 14th. Wells Fargo & Company raised LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $80.00 to $98.00 in a research note on Thursday, May 28th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on LyondellBasell Industries from $75.00 to $80.00 and gave the stock a “hold” rating in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $72.22.

LyondellBasell Industries Price Performance

Shares of LyondellBasell Industries stock traded up $0.91 during trading on Friday, reaching $56.30. 4,504,298 shares of the stock traded hands, compared to its average volume of 5,289,612. LyondellBasell Industries N.V. has a 52-week low of $41.58 and a 52-week high of $83.94. 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 business has a fifty day simple moving average of $64.46 and a two-hundred day simple moving average of $62.14. The company has a market capitalization of $18.17 billion, a price-to-earnings ratio of -22.61, a P/E/G ratio of 0.18 and a beta of 0.32.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $7.53 billion. During the same period in the previous year, the business earned $0.33 earnings per share. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. Sell-side analysts expect that LyondellBasell Industries N.V. will post 8.84 EPS for the current year.

LyondellBasell Industries Announces Dividend

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

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.