Wealthfront Advisers LLC Has $9.48 Million Stock Holdings in LyondellBasell Industries N.V. $LYB

Wealthfront Advisers LLC raised its position in LyondellBasell Industries N.V. (NYSE:LYB) by 31.9% during the 1st quarter, HoldingsChannel reports. The fund owned 117,670 shares of the specialty chemicals company’s stock after buying an additional 28,473 shares during the quarter. Wealthfront Advisers LLC’s holdings in LyondellBasell Industries were worth $9,479,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Capital Research Global Investors raised its holdings in shares of LyondellBasell Industries by 108.7% in the fourth quarter. Capital Research Global Investors now owns 9,159,702 shares of the specialty chemicals company’s stock valued at $396,615,000 after purchasing an additional 4,770,260 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of LyondellBasell Industries by 512.9% in the fourth quarter. AQR Capital Management LLC now owns 3,093,318 shares of the specialty chemicals company’s stock worth $133,941,000 after purchasing an additional 2,588,636 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in LyondellBasell Industries by 5,451.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,457,591 shares of the specialty chemicals company’s stock worth $63,114,000 after purchasing an additional 1,431,334 shares during the last quarter. Morgan Stanley boosted its holdings in LyondellBasell Industries by 16.9% during the fourth quarter. Morgan Stanley now owns 8,971,741 shares of the specialty chemicals company’s stock worth $388,476,000 after purchasing an additional 1,300,271 shares during the last quarter. Finally, Norges Bank bought a new position in LyondellBasell Industries in the fourth quarter valued at $52,210,000. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Stock Performance

NYSE LYB opened at $59.23 on Friday. The firm has a market capitalization of $19.12 billion, a P/E ratio of -23.79, a price-to-earnings-growth 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. The firm’s fifty day moving average price is $62.92 and its two-hundred day moving average price is $62.68. LyondellBasell Industries N.V. has a 1 year low of $41.58 and a 1 year high of $83.94.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data 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. The company had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $7.53 billion. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The company’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 EPS. As a group, research analysts anticipate that LyondellBasell Industries N.V. will post 9.07 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Monday, June 1st were given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Monday, June 1st. LyondellBasell Industries’s payout ratio is -110.84%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wolfe Research boosted their price target on shares of LyondellBasell Industries from $38.00 to $62.00 and gave the stock an “underperform” rating in a research report on Tuesday, April 14th. Wall Street Zen cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Monday, July 13th. Royal Bank Of Canada lowered their target price on LyondellBasell Industries from $94.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 1st. Weiss Ratings lowered LyondellBasell Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, June 24th. Finally, The Goldman Sachs Group increased their price target on LyondellBasell Industries from $51.00 to $75.00 and gave the company a “sell” rating in a research report on Monday, May 4th. One 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 given a Sell rating to the company. According to data from MarketBeat, LyondellBasell Industries has an average rating of “Hold” and an average target price of $72.22.

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.