Thornburg Investment Management Inc. Sells 51,741 Shares of LyondellBasell Industries N.V. $LYB

Thornburg Investment Management Inc. decreased its holdings in LyondellBasell Industries N.V. (NYSE:LYBFree Report) by 5.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 977,081 shares of the specialty chemicals company’s stock after selling 51,741 shares during the quarter. Thornburg Investment Management Inc.’s holdings in LyondellBasell Industries were worth $42,308,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in LyondellBasell Industries by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 30,965,458 shares of the specialty chemicals company’s stock valued at $1,518,546,000 after acquiring an additional 84,251 shares in the last quarter. State Street Corp lifted its position in LyondellBasell Industries by 2.7% in the 4th quarter. State Street Corp now owns 13,544,711 shares of the specialty chemicals company’s stock valued at $586,486,000 after acquiring an additional 361,761 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in LyondellBasell Industries by 4.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,102,068 shares of the specialty chemicals company’s stock valued at $437,420,000 after acquiring an additional 399,130 shares in the last quarter. Capital World Investors lifted its position in LyondellBasell Industries by 0.4% in the 4th quarter. Capital World Investors now owns 9,843,930 shares of the specialty chemicals company’s stock valued at $426,242,000 after acquiring an additional 36,187 shares in the last quarter. Finally, Capital Research Global Investors lifted its position in LyondellBasell Industries by 108.7% in the 4th quarter. Capital Research Global Investors now owns 9,159,702 shares of the specialty chemicals company’s stock valued at $396,615,000 after acquiring an additional 4,770,260 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Down 0.3%

LYB stock opened at $64.36 on Monday. 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 market cap of $20.78 billion, a P/E ratio of -25.85, a P/E/G ratio of 0.15 and a beta of 0.28. The stock’s fifty day simple moving average is $71.23 and its two-hundred day simple moving average is $60.65. LyondellBasell Industries N.V. has a 1-year low of $41.58 and a 1-year high of $83.94.

LyondellBasell Industries (NYSE:LYBGet Free Report) last posted its quarterly earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.18. The company had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $7.53 billion. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. LyondellBasell Industries’s revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 EPS. Analysts expect that LyondellBasell Industries N.V. will post 8.73 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Monday, June 1st were issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.3%. 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 brokerages recently weighed in on LYB. Alembic Global Advisors raised shares of LyondellBasell Industries from a “neutral” rating to an “overweight” rating in a research report on Thursday, April 9th. Citigroup dropped their price target on shares of LyondellBasell Industries from $90.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. Vertical Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Monday, March 9th. Wall Street Zen raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of LyondellBasell Industries from $75.00 to $80.00 and gave the stock a “hold” rating in a research report on Tuesday, May 5th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $76.71.

Get Our Latest Research Report on LyondellBasell Industries

LyondellBasell Industries Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

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