TD Asset Management Inc lifted its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB – Free Report) by 45.2% during the second quarter, HoldingsChannel reports. The firm owned 137,348 shares of the specialty chemicals company’s stock after acquiring an additional 42,735 shares during the quarter. TD Asset Management Inc’s holdings in LyondellBasell Industries were worth $7,231,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Clearstead Advisors LLC grew its stake in shares of LyondellBasell Industries by 140.3% in the fourth quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company’s stock valued at $29,000 after buying an additional 390 shares in the last quarter. Quarry LP bought a new stake in LyondellBasell Industries during the third quarter worth $31,000. Key Capital Management INC bought a new stake in LyondellBasell Industries during the fourth quarter worth $34,000. Fideuram Asset Management Ireland dac acquired a new stake in LyondellBasell Industries in the fourth quarter valued at $34,000. Finally, Harbour Investments Inc. grew its position in shares of LyondellBasell Industries by 74.7% in the 4th quarter. Harbour Investments Inc. now owns 884 shares of the specialty chemicals company’s stock valued at $38,000 after acquiring an additional 378 shares during the period. Institutional investors and hedge funds own 71.20% of the company’s stock.
LyondellBasell Industries Trading Up 2.2%
Shares of LYB stock opened at $63.76 on Friday. The firm has a 50 day moving average price of $59.37 and a two-hundred day moving average price of $64.55. 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 capitalization of $20.60 billion, a PE ratio of -56.42, a price-to-earnings-growth ratio of 0.17 and a beta of 0.31. LyondellBasell Industries N.V. has a 12-month low of $41.58 and a 12-month high of $83.94.
LyondellBasell Industries Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be paid a $0.69 dividend. The ex-dividend date is Monday, August 24th. This represents a $2.76 annualized dividend and a yield of 4.3%. LyondellBasell Industries’s payout ratio is -244.25%.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on LYB. Deutsche Bank Aktiengesellschaft upped their target price on shares of LyondellBasell Industries from $75.00 to $80.00 and gave the company a “hold” rating in a report on Tuesday, May 5th. Bank of America reduced their price target on LyondellBasell Industries from $68.00 to $48.00 and set an “underperform” rating for the company in a report on Tuesday, June 30th. Morgan Stanley lowered their price target on LyondellBasell Industries from $77.00 to $72.00 and set an “overweight” rating on the stock in a research report on Monday, July 20th. Wall Street Zen upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Wells Fargo & Company raised LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $80.00 to $98.00 in a research report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $72.56.
View Our Latest Stock Analysis on LyondellBasell Industries
About LyondellBasell Industries
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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