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

NewEdge Advisors LLC raised its position in shares of LyondellBasell Industries N.V. (NYSE:LYBFree Report) by 47.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 24,454 shares of the specialty chemicals company’s stock after acquiring an additional 7,865 shares during the period. NewEdge Advisors LLC’s holdings in LyondellBasell Industries were worth $1,970,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of LYB. Oxbow Advisors LLC acquired a new position in LyondellBasell Industries during the fourth quarter valued at $4,616,000. Swedbank AB lifted its stake in LyondellBasell Industries by 16.0% in the 4th quarter. Swedbank AB now owns 242,726 shares of the specialty chemicals company’s stock worth $10,510,000 after acquiring an additional 33,399 shares in the last quarter. Tejara Capital Ltd acquired a new stake in LyondellBasell Industries during the 4th quarter worth about $1,425,000. LBP AM SA boosted its position in LyondellBasell Industries by 181.0% during the 4th quarter. LBP AM SA now owns 119,342 shares of the specialty chemicals company’s stock worth $5,168,000 after acquiring an additional 76,867 shares during the period. Finally, Evergreen Capital Management LLC purchased a new position in LyondellBasell Industries during the 4th quarter valued at about $1,003,000. 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 research reports. JPMorgan Chase & Co. upgraded LyondellBasell Industries from a “neutral” rating to an “overweight” rating and upped their target price for the company from $75.00 to $80.00 in a report on Monday, August 3rd. Bank of America decreased their price target on shares of LyondellBasell Industries from $68.00 to $48.00 and set an “underperform” rating for the company in a report on Tuesday, June 30th. Citigroup lowered their price objective on shares of LyondellBasell Industries from $80.00 to $67.00 and set a “buy” rating on the stock in a research report on Wednesday, June 24th. Alembic Global Advisors cut their target price on shares of LyondellBasell Industries from $95.00 to $83.00 and set an “overweight” rating for the company in a research report on Thursday, July 2nd. Finally, Morgan Stanley decreased their target price on shares of LyondellBasell Industries from $77.00 to $72.00 and set an “overweight” rating for the company in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, LyondellBasell Industries presently has an average rating of “Hold” and an average price target of $72.56.

Check Out Our Latest Stock Analysis on LyondellBasell Industries

LyondellBasell Industries Trading Up 2.2%

NYSE:LYB opened at $63.76 on Friday. The stock’s 50 day moving average price is $59.37 and its 200 day moving average price is $64.55. LyondellBasell Industries N.V. has a 52 week low of $41.58 and a 52 week high of $83.94. The company has a market capitalization of $20.60 billion, a P/E ratio of -56.42, a P/E/G ratio of 0.17 and a beta of 0.31. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.07 and a current ratio of 1.64.

LyondellBasell Industries (NYSE:LYBGet Free Report) last issued its quarterly earnings data on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share for the quarter, beating the consensus estimate of $3.44 by $0.86. The firm had revenue of $9.18 billion for the quarter, compared to analyst estimates of $9.21 billion. LyondellBasell Industries had a negative net margin of 1.13% and a positive return on equity of 17.44%. The company’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.62 earnings per share. On average, research analysts forecast that LyondellBasell Industries N.V. will post 9.39 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be issued a dividend of $0.69 per share. The ex-dividend date is Monday, August 24th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.3%. LyondellBasell Industries’s dividend payout ratio (DPR) is currently -244.25%.

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.

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

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