10,230 Shares in LyondellBasell Industries N.V. $LYB Purchased by Dearborn Partners LLC

Dearborn Partners LLC acquired a new position in LyondellBasell Industries N.V. (NYSE:LYBFree Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 10,230 shares of the specialty chemicals company’s stock, valued at approximately $824,000.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. grew its position in LyondellBasell Industries by 16.7% during the second quarter. BlackRock Inc. now owns 29,298,859 shares of the specialty chemicals company’s stock worth $1,542,585,000 after buying an additional 4,185,571 shares in the last quarter. State Street Corp lifted its position in shares of LyondellBasell Industries by 2.7% during 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 during the period. Charles Schwab Investment Management Inc. lifted its position in shares of LyondellBasell Industries by 4.1% during 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 during the period. Capital World Investors increased its position in shares of LyondellBasell Industries by 0.4% in the fourth quarter. Capital World Investors now owns 9,843,930 shares of the specialty chemicals company’s stock worth $426,242,000 after purchasing an additional 36,187 shares during the period. Finally, Capital Research Global Investors raised its stake in 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 purchasing an additional 4,770,260 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Trading Down 3.4%

LYB opened at $65.20 on Tuesday. The company’s 50 day moving average is $59.63 and its 200-day moving average is $65.31. LyondellBasell Industries N.V. has a 1-year low of $41.58 and a 1-year high of $83.94. The company has a current ratio of 1.64, a quick ratio of 1.07 and a debt-to-equity ratio of 1.05. The company has a market cap of $21.06 billion, a P/E ratio of -57.70, a PEG ratio of 0.18 and a beta of 0.31.

LyondellBasell Industries (NYSE:LYBGet Free Report) last announced its quarterly earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.44 by $0.86. The company 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 firm’s revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.62 EPS. Equities research analysts predict that LyondellBasell Industries N.V. will post 9.24 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business 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 annualized dividend and a dividend yield of 4.2%. LyondellBasell Industries’s dividend payout ratio is -244.25%.

Analyst Ratings Changes

LYB has been the topic of a number of analyst reports. JPMorgan Chase & Co. upgraded shares of LyondellBasell Industries from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $75.00 to $80.00 in a research note on Monday, August 3rd. Royal Bank Of Canada upped their price target on shares of LyondellBasell Industries from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Weiss Ratings upgraded shares of LyondellBasell Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, August 3rd. Zacks Research cut shares of LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Finally, Bank of America lowered their price objective on shares of LyondellBasell Industries from $68.00 to $48.00 and set an “underperform” rating for the company in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $72.56.

Get Our Latest Report on LYB

LyondellBasell Industries 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

Want to see what other hedge funds are holding LYB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LyondellBasell Industries N.V. (NYSE:LYBFree Report).

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

Receive News & Ratings for LyondellBasell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries and related companies with MarketBeat.com's FREE daily email newsletter.