Lido Advisors LLC Lowers Stock Position in LyondellBasell Industries N.V. $LYB

Lido Advisors LLC trimmed its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 59.2% during the first quarter, HoldingsChannel.com reports. The fund owned 12,697 shares of the specialty chemicals company’s stock after selling 18,453 shares during the period. Lido Advisors LLC’s holdings in LyondellBasell Industries were worth $1,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. Woodline Partners LP grew its position in LyondellBasell Industries by 40.4% during the 1st quarter. Woodline Partners LP now owns 21,899 shares of the specialty chemicals company’s stock worth $1,542,000 after purchasing an additional 6,297 shares during the last quarter. Focus Partners Wealth raised its holdings in shares of LyondellBasell Industries by 35.4% in the first quarter. Focus Partners Wealth now owns 6,866 shares of the specialty chemicals company’s stock valued at $483,000 after buying an additional 1,796 shares during the last quarter. Baird Financial Group Inc. boosted its stake in shares of LyondellBasell Industries by 69.5% during the second quarter. Baird Financial Group Inc. now owns 29,488 shares of the specialty chemicals company’s stock worth $1,706,000 after buying an additional 12,087 shares during the period. Cerity Partners LLC grew its holdings in shares of 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 buying an additional 6,032 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its position in LyondellBasell Industries by 9.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 41,416 shares of the specialty chemicals company’s stock valued at $2,397,000 after acquiring an additional 3,715 shares during the period. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Stock Performance

Shares of LYB stock opened at $58.24 on Wednesday. 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 stock has a 50 day simple moving average of $61.05 and a 200-day simple moving average of $63.60. The company has a market cap of $18.80 billion, a price-to-earnings ratio of -23.39, a price-to-earnings-growth ratio of 0.19 and a beta of 0.32. LyondellBasell Industries N.V. has a 12-month low of $41.58 and a 12-month high of $83.94.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share 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 period in the previous year, the business earned $0.33 earnings per share. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, equities analysts forecast that LyondellBasell Industries N.V. will post 8.57 EPS for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently announced 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 of this dividend was Monday, June 1st. This represents a $2.76 dividend on an annualized basis and a yield of 4.7%. LyondellBasell Industries’s dividend payout ratio (DPR) is -110.84%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on LYB. Wells Fargo & Company raised LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $80.00 to $98.00 in a research report on Thursday, May 28th. BMO Capital Markets cut their price target on LyondellBasell Industries from $88.00 to $64.00 and set a “market perform” rating for the company in a research note on Monday, July 6th. Royal Bank Of Canada lowered their price objective on shares of LyondellBasell Industries from $94.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 1st. UBS Group dropped their price objective on shares of LyondellBasell Industries from $82.00 to $73.00 and set a “neutral” rating on the stock in a research note on Friday, June 5th. Finally, Alembic Global Advisors reduced their target price on shares of LyondellBasell Industries from $95.00 to $83.00 and set an “overweight” rating for the company in a research note on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $71.94.

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.