12,772 Shares in LyondellBasell Industries N.V. $LYB Acquired by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System bought a new stake in LyondellBasell Industries N.V. (NYSE:LYB) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,772 shares of the specialty chemicals company’s stock, valued at approximately $1,029,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LYB. Stance Capital LLC bought a new position in LyondellBasell Industries during the 3rd quarter worth approximately $27,000. Clearstead Advisors LLC increased its position in shares of LyondellBasell Industries by 140.3% during the fourth quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 390 shares during the period. ORG Partners LLC lifted its holdings in LyondellBasell Industries by 960.0% in the fourth quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock valued at $30,000 after buying an additional 624 shares during the period. Quarry LP acquired a new position in LyondellBasell Industries in the third quarter valued at $31,000. Finally, Key Capital Management INC bought a new stake in LyondellBasell Industries during the fourth quarter valued at $34,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on LYB shares. Weiss Ratings downgraded LyondellBasell Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, June 24th. Bank of America cut their target price on LyondellBasell Industries from $68.00 to $48.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 30th. Wall Street Zen cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Monday. BMO Capital Markets lowered their target price on LyondellBasell Industries from $88.00 to $64.00 and set a “market perform” rating for the company in a report on Monday, July 6th. Finally, Mizuho dropped their price target on LyondellBasell Industries from $76.00 to $62.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $72.22.

LyondellBasell Industries Price Performance

Shares of NYSE LYB opened at $57.79 on Friday. The firm’s 50-day moving average price is $63.17 and its 200-day moving average price is $62.70. LyondellBasell Industries N.V. has a 1-year low of $41.58 and a 1-year high of $83.94. The firm has a market capitalization of $18.66 billion, a P/E ratio of -23.21, a P/E/G ratio of 0.18 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 (NYSE:LYB) last issued its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 EPS for the quarter, beating 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 period last year, the business posted $0.33 EPS. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. Equities research analysts anticipate that LyondellBasell Industries N.V. will post 9.07 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Monday, June 1st were issued a $0.69 dividend. The ex-dividend date was Monday, June 1st. This represents a $2.76 annualized dividend and a yield of 4.8%. LyondellBasell Industries’s dividend payout ratio is presently -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.