Natixis Advisors LLC reduced its stake in LyondellBasell Industries N.V. (NYSE:LYB – Free Report) by 10.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 206,754 shares of the specialty chemicals company’s stock after selling 23,640 shares during the quarter. Natixis Advisors LLC’s holdings in LyondellBasell Industries were worth $8,952,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. Stance Capital LLC acquired a new stake in LyondellBasell Industries in the 3rd quarter valued at approximately $27,000. Clearstead Advisors LLC lifted its stake in LyondellBasell Industries by 140.3% during the fourth quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 390 shares in the last quarter. ORG Partners LLC boosted its position in shares of LyondellBasell Industries by 960.0% during the fourth quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock worth $30,000 after buying an additional 624 shares during the period. Quarry LP acquired a new stake in shares of LyondellBasell Industries in the third quarter valued at $31,000. Finally, Key Capital Management INC acquired a new stake in shares of LyondellBasell Industries in the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.
LyondellBasell Industries Trading Up 0.1%
LYB opened at $64.58 on Monday. The business has a fifty day moving average price of $72.77 and a 200 day moving average price of $59.93. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.54 and a quick ratio of 1.03. LyondellBasell Industries N.V. has a 12 month low of $41.58 and a 12 month high of $83.94. The stock has a market capitalization of $20.84 billion, a price-to-earnings ratio of -25.93, a PEG ratio of 0.15 and a beta of 0.28.
LyondellBasell Industries Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Monday, June 1st will be issued a $0.69 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.76 annualized dividend and a yield of 4.3%. LyondellBasell Industries’s dividend payout ratio (DPR) is -110.84%.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the company. The Goldman Sachs Group increased their target price on LyondellBasell Industries from $51.00 to $75.00 and gave the stock a “sell” rating in a research note on Monday, May 4th. Morgan Stanley lifted their target price on LyondellBasell Industries from $52.00 to $77.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Alembic Global Advisors raised shares of LyondellBasell Industries from a “neutral” rating to an “overweight” rating in a research report on Thursday, April 9th. BMO Capital Markets raised their price objective on shares of LyondellBasell Industries from $82.00 to $88.00 and gave the company a “market perform” rating in a research note on Tuesday, May 5th. Finally, Jefferies Financial Group lifted their price objective on shares of LyondellBasell Industries from $70.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, April 16th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $76.71.
Get Our Latest Report on LyondellBasell Industries
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.
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