Entropy Technologies LP Has $2.61 Million Stake in LyondellBasell Industries N.V. (NYSE:LYB)

Entropy Technologies LP increased its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 30.0% during the 1st quarter, Holdings Channel.com reports. The fund owned 37,088 shares of the specialty chemicals company’s stock after acquiring an additional 8,563 shares during the period. Entropy Technologies LP’s holdings in LyondellBasell Industries were worth $2,611,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Rossby Financial LCC acquired a new stake in shares of LyondellBasell Industries during the 1st quarter valued at about $25,000. JFS Wealth Advisors LLC boosted its position in shares of LyondellBasell Industries by 352.3% during the 1st quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company’s stock valued at $28,000 after acquiring an additional 310 shares in the last quarter. Investment Management Corp VA ADV boosted its position in shares of LyondellBasell Industries by 177.6% during the 1st quarter. Investment Management Corp VA ADV now owns 408 shares of the specialty chemicals company’s stock valued at $29,000 after acquiring an additional 261 shares in the last quarter. Lazard Asset Management LLC boosted its position in shares of LyondellBasell Industries by 84.9% during the 4th quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company’s stock valued at $34,000 after acquiring an additional 214 shares in the last quarter. Finally, Covestor Ltd boosted its position in shares of LyondellBasell Industries by 107.6% during the 4th quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company’s stock valued at $41,000 after acquiring an additional 284 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Trading Down 2.3%

LYB opened at $49.04 on Monday. The company has a market cap of $15.77 billion, a price-to-earnings ratio of 63.69, a price-to-earnings-growth ratio of 3.18 and a beta of 0.85. The firm has a 50 day simple moving average of $59.46 and a 200 day simple moving average of $64.25. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.77 and a quick ratio of 1.04. LyondellBasell Industries N.V. has a fifty-two week low of $48.90 and a fifty-two week high of $99.36.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.25). The firm had revenue of $7.66 billion during the quarter, compared to analyst estimates of $7.58 billion. LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%. The company’s revenue for the quarter was down 11.8% on a year-over-year basis. During the same quarter last year, the business posted $2.24 earnings per share. On average, sell-side analysts anticipate that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 25th will be issued a dividend of $1.37 per share. This represents a $5.48 dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date is Monday, August 25th. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 711.69%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Bank Of America (Bofa) decreased their target price on shares of LyondellBasell Industries from $56.00 to $55.00 in a research report on Monday, June 30th. Wells Fargo & Company reduced their price target on shares of LyondellBasell Industries from $75.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, August 4th. JPMorgan Chase & Co. reduced their price target on shares of LyondellBasell Industries from $60.00 to $52.00 and set a “neutral” rating on the stock in a research report on Monday, August 4th. Piper Sandler reduced their price target on shares of LyondellBasell Industries from $67.00 to $66.00 and set a “neutral” rating on the stock in a research report on Thursday, May 1st. Finally, Wall Street Zen lowered shares of LyondellBasell Industries from a “hold” rating to a “sell” rating in a research report on Monday, April 28th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $63.08.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.