Curated Wealth Partners LLC acquired a new position in shares of LyondellBasell Industries N.V. (NYSE:LYB – Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,320 shares of the specialty chemicals company’s stock, valued at approximately $766,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fortitude Family Office LLC boosted its position in LyondellBasell Industries by 221.0% during the third quarter. Fortitude Family Office LLC now owns 504 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 347 shares during the period. Banque Cantonale Vaudoise acquired a new position in shares of LyondellBasell Industries in the first quarter valued at approximately $48,000. Kelleher Financial Advisors increased its stake in shares of LyondellBasell Industries by 4,112.5% during the second quarter. Kelleher Financial Advisors now owns 674 shares of the specialty chemicals company’s stock worth $35,000 after purchasing an additional 658 shares during the period. SHP Wealth Management acquired a new stake in LyondellBasell Industries during the 4th quarter worth approximately $39,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of LyondellBasell Industries in the first quarter valued at about $73,000. Institutional investors own 71.20% of the company’s stock.
LyondellBasell Industries Stock Performance
Shares of LYB stock opened at $62.69 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. LyondellBasell Industries N.V. has a 52 week low of $41.58 and a 52 week high of $83.94. The firm has a 50 day moving average of $62.36 and a 200-day moving average of $64.73. The company has a market cap of $20.25 billion, a price-to-earnings ratio of -55.47, a price-to-earnings-growth ratio of 0.16 and a beta of 0.30.
LyondellBasell Industries (NYSE:LYB – Get Free Report) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $9.21 billion. LyondellBasell Industries had a negative net margin of 1.13% and a positive return on equity of 17.44%. The business’s revenue was up 19.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.62 earnings per share. On average, equities analysts forecast that LyondellBasell Industries N.V. will post 9.17 earnings per share for the current year.
LyondellBasell Industries Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 24th were issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Monday, August 24th. LyondellBasell Industries’s dividend payout ratio is currently -244.25%.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on LYB. Zacks Research downgraded LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Weiss Ratings lowered shares of LyondellBasell Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 26th. Citigroup restated a “neutral” rating and set a $63.00 price objective (down from $72.00) on shares of LyondellBasell Industries in a research report on Wednesday, September 30th. Alembic Global Advisors decreased their target price on LyondellBasell Industries from $95.00 to $83.00 and set an “overweight” rating on the stock in a research report on Thursday, July 2nd. Finally, UBS Group reduced their price target on shares of LyondellBasell Industries from $64.00 to $62.00 and set a “neutral” rating on the stock in a research note on Friday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $71.50.
Read Our Latest Analysis on LYB
LyondellBasell Industries Profile
LyondellBasell Industries N.V. is a global chemical company that produces materials used across a wide range of industrial and consumer applications. Its portfolio includes olefins and polyolefins, such as polyethylene and polypropylene, as well as propylene oxide, oxyfuels, solvents, and other chemical intermediates.
The company’s products are used in packaging, healthcare, automotive components, construction materials, agriculture, home furnishings, and consumer goods. LyondellBasell also develops advanced polymer compounds and participates in recycling and circular-economy initiatives designed to increase the reuse of plastic materials.
LyondellBasell serves customers in markets throughout North America, Europe, Asia, and other international regions through manufacturing facilities, research operations, and commercial activities around the world.
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