IFP Advisors Inc lifted its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB – Free Report) by 321.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,650 shares of the specialty chemicals company’s stock after acquiring an additional 12,701 shares during the quarter. IFP Advisors Inc’s holdings in LyondellBasell Industries were worth $721,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. Stance Capital LLC purchased a new stake in shares of LyondellBasell Industries during the third quarter worth $27,000. United Community Bank increased its position in shares of LyondellBasell Industries by 83.2% during the third quarter. United Community Bank now owns 623 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 283 shares during the period. Quarry LP purchased a new stake in shares of LyondellBasell Industries during the third quarter worth $31,000. CYBER HORNET ETFs LLC purchased a new stake in shares of LyondellBasell Industries during the second quarter worth $39,000. Finally, ORG Partners LLC increased 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 acquiring an additional 624 shares during the period. Hedge funds and other institutional investors own 71.20% of the company’s stock.
Wall Street Analysts Forecast Growth
LYB has been the topic of a number of recent research reports. Citigroup upped their price objective on LyondellBasell Industries from $76.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, April 8th. Fermium Researc raised LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 9th. Vertical Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Monday, March 9th. Weiss Ratings raised LyondellBasell Industries from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, May 19th. Finally, Bank of America reissued an “underperform” rating and issued a $55.00 target price on shares of LyondellBasell Industries in a report on Monday, April 6th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $76.76.
Insider Activity
In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $68.13, for a total transaction of $26,199,255.24. Following the transaction, the insider owned 5,270,918 shares of the company’s stock, valued at approximately $359,107,643.34. This trade represents a 6.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.14% of the company’s stock.
LyondellBasell Industries Stock Performance
NYSE:LYB opened at $69.66 on Tuesday. The firm has a market capitalization of $22.49 billion, a PE ratio of -27.98, a price-to-earnings-growth ratio of 0.16 and a beta of 0.32. The business’s fifty day moving average price is $73.95 and its 200 day moving average price is $58.45. 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.
LyondellBasell Industries (NYSE:LYB – Get Free Report) last posted its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.31 by $0.18. The firm had revenue of $7.20 billion for the quarter, compared to analyst estimates of $7.53 billion. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.LyondellBasell Industries’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.33 earnings per share. On average, sell-side analysts anticipate that LyondellBasell Industries N.V. will post 8.73 earnings per share for the current fiscal year.
LyondellBasell Industries Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.69 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.76 annualized dividend and a dividend yield of 4.0%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -110.84%.
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.
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