Pacer Advisors Inc. lessened its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB – Free Report) by 80.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,617 shares of the specialty chemicals company’s stock after selling 94,049 shares during the quarter. Pacer Advisors Inc.’s holdings in LyondellBasell Industries were worth $1,822,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Capital Research Global Investors lifted its position in shares of 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 valued at $396,615,000 after acquiring an additional 4,770,260 shares in the last quarter. AQR Capital Management LLC raised its stake in LyondellBasell Industries by 512.9% in the 4th quarter. AQR Capital Management LLC now owns 3,093,318 shares of the specialty chemicals company’s stock valued at $133,941,000 after purchasing an additional 2,588,636 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in LyondellBasell Industries by 5,451.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,457,591 shares of the specialty chemicals company’s stock valued at $63,114,000 after purchasing an additional 1,431,334 shares during the last quarter. 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 purchasing an additional 1,300,271 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of LyondellBasell Industries during the 4th quarter worth about $52,210,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.
LyondellBasell Industries Trading Down 3.2%
LYB stock opened at $59.50 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. The company has a market cap of $19.22 billion, a price-to-earnings ratio of -52.65, a PEG ratio of 0.16 and a beta of 0.31. The business has a fifty day simple moving average of $59.71 and a 200-day simple moving average of $64.12. LyondellBasell Industries N.V. has a 52 week low of $41.58 and a 52 week high of $83.94.
LyondellBasell Industries Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Monday, June 1st were paid a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Monday, June 1st. LyondellBasell Industries’s payout ratio is currently -244.25%.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on LYB shares. JPMorgan Chase & Co. raised shares of LyondellBasell Industries from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $75.00 to $80.00 in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft raised their price objective on LyondellBasell Industries from $75.00 to $80.00 and gave the stock a “hold” rating in a report on Tuesday, May 5th. Morgan Stanley dropped their target price on LyondellBasell Industries from $77.00 to $72.00 and set an “overweight” rating for the company in a research note on Monday, July 20th. Mizuho raised their price target on LyondellBasell Industries from $62.00 to $66.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Finally, Alembic Global Advisors dropped their price objective 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, nine have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $72.56.
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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