Independent Financial Group LLC Takes Position in LyondellBasell Industries N.V. $LYB

Independent Financial Group LLC bought a new stake in LyondellBasell Industries N.V. (NYSE:LYB) in the first quarter, HoldingsChannel.com reports. The fund bought 8,819 shares of the specialty chemicals company’s stock, valued at approximately $710,000.

Other large investors also recently bought and sold shares of the company. Woodline Partners LP raised its position in shares of LyondellBasell Industries by 40.4% during the 1st quarter. Woodline Partners LP now owns 21,899 shares of the specialty chemicals company’s stock valued at $1,542,000 after buying an additional 6,297 shares in the last quarter. Focus Partners Wealth grew its position in LyondellBasell Industries by 35.4% in the first quarter. Focus Partners Wealth now owns 6,866 shares of the specialty chemicals company’s stock worth $483,000 after acquiring an additional 1,796 shares in the last quarter. Baird Financial Group Inc. grew its position in LyondellBasell Industries by 69.5% in the second quarter. Baird Financial Group Inc. now owns 29,488 shares of the specialty chemicals company’s stock worth $1,706,000 after acquiring an additional 12,087 shares in the last quarter. Cerity Partners LLC increased its stake in LyondellBasell Industries by 13.9% during the second quarter. Cerity Partners LLC now owns 49,348 shares of the specialty chemicals company’s stock worth $2,855,000 after acquiring an additional 6,032 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in LyondellBasell Industries by 9.9% during the second 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 during the last quarter. Institutional investors own 71.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on LYB shares. Wells Fargo & Company raised LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $80.00 to $98.00 in a research note on Thursday, May 28th. Mizuho cut their target price on LyondellBasell Industries from $76.00 to $62.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 1st. Bank of America decreased their price target on LyondellBasell Industries from $68.00 to $48.00 and set an “underperform” rating on the stock in a report on Tuesday, June 30th. Wall Street Zen downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Monday, July 13th. Finally, Weiss Ratings cut shares of LyondellBasell Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, June 24th. One investment 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 issued a Sell rating to the company. Based on data from MarketBeat, LyondellBasell Industries presently has an average rating of “Hold” and an average target price of $71.94.

LyondellBasell Industries Stock Up 0.8%

Shares of NYSE:LYB opened at $61.19 on Wednesday. The firm has a market capitalization of $19.75 billion, a PE ratio of -24.58, a price-to-earnings-growth ratio of 0.19 and a beta of 0.32. The business has a 50 day simple moving average of $62.40 and a two-hundred day simple moving average of $63.06. LyondellBasell Industries N.V. has a 1 year low of $41.58 and a 1 year 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.

LyondellBasell Industries (NYSE:LYB) last issued 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 firm had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $7.53 billion. During the same period in the prior year, the business posted $0.33 earnings per share. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, equities analysts predict that LyondellBasell Industries N.V. will post 9.07 EPS for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Monday, June 1st were given a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Monday, June 1st. LyondellBasell Industries’s dividend 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.