LyondellBasell Industries N.V. $LYB Shares Sold by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. lessened its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 91.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 82,904 shares of the specialty chemicals company’s stock after selling 894,177 shares during the quarter. Thornburg Investment Management Inc.’s holdings in LyondellBasell Industries were worth $4,365,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Clearstead Advisors LLC boosted its position in shares of LyondellBasell Industries by 140.3% during the 4th quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company’s stock valued at $29,000 after acquiring an additional 390 shares during the last quarter. Quarry LP acquired a new stake in shares of LyondellBasell Industries in the third quarter valued at $31,000. Fideuram Asset Management Ireland dac acquired a new position in LyondellBasell Industries in the 4th quarter valued at about $34,000. Kelleher Financial Advisors grew its position in LyondellBasell Industries by 4,112.5% in the 2nd quarter. Kelleher Financial Advisors now owns 674 shares of the specialty chemicals company’s stock valued at $35,000 after acquiring an additional 658 shares in the last quarter. Finally, Harbour Investments Inc. increased its stake in LyondellBasell Industries by 74.7% during the fourth quarter. Harbour Investments Inc. now owns 884 shares of the specialty chemicals company’s stock worth $38,000 after purchasing an additional 378 shares during the period. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LYB has been the subject of several recent research reports. Mizuho raised their price objective on shares of LyondellBasell Industries from $62.00 to $66.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft upped 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. Alembic Global Advisors decreased their price target on shares of LyondellBasell Industries from $95.00 to $83.00 and set an “overweight” rating for the company in a research report on Thursday, July 2nd. Wells Fargo & Company upgraded shares of LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $80.00 to $98.00 in a research note on Thursday, May 28th. Finally, BMO Capital Markets upped their price objective on LyondellBasell Industries from $64.00 to $68.00 and gave the stock a “market perform” rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $72.56.

LyondellBasell Industries Trading Up 1.0%

Shares of NYSE:LYB opened at $63.69 on Friday. LyondellBasell Industries N.V. has a 52 week low of $41.58 and a 52 week high of $83.94. The company’s 50 day moving average is $59.79 and its two-hundred day moving average is $65.46. The company has a market cap of $20.57 billion, a PE ratio of -56.36, a P/E/G ratio of 0.17 and a beta of 0.31. The company has a current ratio of 1.64, a quick ratio of 1.07 and a debt-to-equity ratio of 1.05.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.44 by $0.86. The business had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $9.21 billion. LyondellBasell Industries had a negative net margin of 1.13% and a positive return on equity of 17.44%. The company’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 EPS. Equities analysts predict that LyondellBasell Industries N.V. will post 9.2 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Monday, August 24th. LyondellBasell Industries’s payout ratio is -244.25%.

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.