LyondellBasell Industries N.V. $LYB Stock Holdings Boosted by NewEdge Advisors LLC

NewEdge Advisors LLC grew its position in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 47.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 24,454 shares of the specialty chemicals company’s stock after purchasing an additional 7,865 shares during the quarter. NewEdge Advisors LLC’s holdings in LyondellBasell Industries were worth $1,970,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of LYB. State Street Corp lifted its holdings in shares of LyondellBasell Industries by 2.7% in the fourth quarter. State Street Corp now owns 13,544,711 shares of the specialty chemicals company’s stock valued at $586,486,000 after buying an additional 361,761 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in LyondellBasell Industries by 4.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,102,068 shares of the specialty chemicals company’s stock worth $437,420,000 after acquiring an additional 399,130 shares during the period. Capital World Investors raised its position in LyondellBasell Industries by 0.4% in the fourth quarter. Capital World Investors now owns 9,843,930 shares of the specialty chemicals company’s stock worth $426,242,000 after acquiring an additional 36,187 shares in the last quarter. Capital Research Global Investors raised its position in 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 worth $396,615,000 after acquiring an additional 4,770,260 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in LyondellBasell Industries by 16.9% in the 4th quarter. Morgan Stanley now owns 8,971,741 shares of the specialty chemicals company’s stock valued at $388,476,000 after acquiring an additional 1,300,271 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Trading Up 2.2%

NYSE:LYB opened at $63.76 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.64 and a debt-to-equity ratio of 1.05. LyondellBasell Industries N.V. has a 1-year low of $41.58 and a 1-year high of $83.94. The firm has a market capitalization of $20.60 billion, a price-to-earnings ratio of -56.42, a price-to-earnings-growth ratio of 0.17 and a beta of 0.31. The stock has a fifty day simple moving average of $59.37 and a 200 day simple moving average of $64.55.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.44 by $0.86. The firm had revenue of $9.18 billion for the quarter, compared to analysts’ expectations of $9.21 billion. LyondellBasell Industries had a positive return on equity of 17.44% and a negative net margin of 1.13%.LyondellBasell Industries’s revenue was up 19.8% on a year-over-year basis. During the same quarter last year, the business posted $0.62 EPS. Sell-side analysts forecast that LyondellBasell Industries N.V. will post 9.39 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be issued a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Monday, August 24th. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -244.25%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Morgan Stanley reduced their price objective 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. UBS Group boosted their target price on shares of LyondellBasell Industries from $56.00 to $64.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Weiss Ratings raised shares of LyondellBasell Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, August 3rd. Evercore raised their target price on shares of LyondellBasell Industries from $70.00 to $73.00 in a report on Thursday, May 14th. Finally, JPMorgan Chase & Co. upgraded shares of LyondellBasell Industries from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $75.00 to $80.00 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, eight have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $72.56.

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.