LyondellBasell Industries N.V. $LYB Shares Bought by Lipe & Dalton

Lipe & Dalton grew its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 40.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 42,520 shares of the specialty chemicals company’s stock after acquiring an additional 12,280 shares during the quarter. LyondellBasell Industries comprises 1.8% of Lipe & Dalton’s investment portfolio, making the stock its 20th largest holding. Lipe & Dalton’s holdings in LyondellBasell Industries were worth $3,425,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Capital Research Global Investors raised its position 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 worth $396,615,000 after acquiring an additional 4,770,260 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of LyondellBasell Industries by 512.9% during the 4th quarter. AQR Capital Management LLC now owns 3,093,318 shares of the specialty chemicals company’s stock worth $133,941,000 after purchasing an additional 2,588,636 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of LyondellBasell Industries by 5,451.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,457,591 shares of the specialty chemicals company’s stock worth $63,114,000 after purchasing an additional 1,431,334 shares in the last quarter. Morgan Stanley grew its stake in shares of LyondellBasell Industries by 16.9% during the 4th quarter. Morgan Stanley now owns 8,971,741 shares of the specialty chemicals company’s stock worth $388,476,000 after purchasing an additional 1,300,271 shares during the period. Finally, Norges Bank purchased a new position in shares of LyondellBasell Industries in the 4th quarter valued at about $52,210,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LYB. Royal Bank Of Canada reduced their price objective on shares of LyondellBasell Industries from $94.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, July 1st. UBS Group dropped their target price on shares of LyondellBasell Industries from $82.00 to $73.00 and set a “neutral” rating for the company in a report on Friday, June 5th. JPMorgan Chase & Co. lifted their price target on shares of LyondellBasell Industries from $50.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. BMO Capital Markets decreased their price target on LyondellBasell Industries from $88.00 to $64.00 and set a “market perform” rating on the stock in a research note on Monday. Finally, Zacks Research cut LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $72.22.

LyondellBasell Industries Trading Up 2.0%

LyondellBasell Industries stock opened at $55.67 on Thursday. The stock has a market cap of $17.97 billion, a PE ratio of -22.36, a P/E/G ratio of 0.17 and a beta of 0.32. The stock has a 50-day moving average price of $65.12 and a 200 day moving average price of $62.10. LyondellBasell Industries N.V. has a 52 week low of $41.58 and a 52 week high of $83.94. The company has a current ratio of 1.54, a quick ratio of 1.03 and a debt-to-equity ratio of 1.12.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.18. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The firm had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $7.53 billion. During the same quarter in the previous year, the company posted $0.33 EPS. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. Equities research analysts predict that LyondellBasell Industries N.V. will post 8.84 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Monday, June 1st were paid a dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.76 annualized dividend and a dividend yield of 5.0%. LyondellBasell Industries’s dividend payout ratio is presently -110.84%.

LyondellBasell Industries Profile

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.