LyondellBasell Industries N.V. $LYB Holdings Raised by Kentucky Retirement Systems

Kentucky Retirement Systems lifted its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 124.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,067 shares of the specialty chemicals company’s stock after purchasing an additional 19,985 shares during the quarter. Kentucky Retirement Systems’ holdings in LyondellBasell Industries were worth $2,895,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of LYB. Jamison Private Wealth Management Inc. boosted its holdings in shares of LyondellBasell Industries by 1.6% in the first quarter. Jamison Private Wealth Management Inc. now owns 10,915 shares of the specialty chemicals company’s stock worth $879,000 after buying an additional 172 shares during the period. Investment Research Partners LLC grew its position in LyondellBasell Industries by 4.4% during the 4th quarter. Investment Research Partners LLC now owns 5,100 shares of the specialty chemicals company’s stock worth $221,000 after purchasing an additional 214 shares in the last quarter. Rothschild Investment LLC raised its stake in LyondellBasell Industries by 3.5% during the 4th quarter. Rothschild Investment LLC now owns 8,025 shares of the specialty chemicals company’s stock valued at $347,000 after purchasing an additional 272 shares during the period. Moors & Cabot Inc. raised its stake in LyondellBasell Industries by 5.6% during the 3rd quarter. Moors & Cabot Inc. now owns 5,495 shares of the specialty chemicals company’s stock valued at $269,000 after purchasing an additional 293 shares during the period. Finally, Vident Advisory LLC boosted its position in shares of LyondellBasell Industries by 1.1% in the second quarter. Vident Advisory LLC now owns 26,406 shares of the specialty chemicals company’s stock worth $1,528,000 after buying an additional 297 shares during the period. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

LYB has been the topic of several recent analyst reports. Wolfe Research upped their price target on LyondellBasell Industries from $38.00 to $62.00 and gave the company an “underperform” rating in a research report on Tuesday, April 14th. Zacks Research cut LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Weiss Ratings downgraded LyondellBasell Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, June 24th. Morgan Stanley reduced their price target on shares of LyondellBasell Industries from $77.00 to $72.00 and set an “overweight” rating for the company in a research report on Monday, July 20th. Finally, Jefferies Financial Group raised their price target on shares of LyondellBasell Industries from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, LyondellBasell Industries has an average rating of “Hold” and a consensus target price of $71.94.

LyondellBasell Industries Price Performance

Shares of NYSE:LYB opened at $60.43 on Friday. The firm has a market cap of $19.51 billion, a price-to-earnings ratio of -24.27, a P/E/G ratio of 0.20 and a beta of 0.32. LyondellBasell Industries N.V. has a 1 year low of $41.58 and a 1 year high of $83.94. The company has a current ratio of 1.54, a quick ratio of 1.03 and a debt-to-equity ratio of 1.12. The business has a fifty day simple moving average of $60.64 and a 200 day simple moving average of $63.78.

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. 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 quarter in the previous year, the company posted $0.33 earnings per share. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, sell-side analysts predict that LyondellBasell Industries N.V. will post 8.57 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Monday, June 1st were issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Monday, June 1st. LyondellBasell Industries’s payout ratio 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.