Rokos Capital Management LLP Takes Position in LyondellBasell Industries N.V. $LYB

Rokos Capital Management LLP bought a new stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) during the 1st quarter, HoldingsChannel.com reports. The fund bought 164,124 shares of the specialty chemicals company’s stock, valued at approximately $13,223,000.

A number of other large investors also recently added to or reduced their stakes in the business. Clearstead Advisors LLC increased its holdings 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 worth $29,000 after buying an additional 390 shares during the period. ORG Partners LLC boosted its holdings in LyondellBasell Industries by 960.0% during the 4th quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock valued at $30,000 after acquiring an additional 624 shares during the period. Quarry LP bought a new position in LyondellBasell Industries during the 3rd quarter worth approximately $31,000. Key Capital Management INC purchased a new position in LyondellBasell Industries in the 4th quarter worth approximately $34,000. Finally, Fideuram Asset Management Ireland dac purchased a new position in LyondellBasell Industries in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

Shares of LyondellBasell Industries stock opened at $58.68 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 1.12. The company has a market cap of $18.94 billion, a PE ratio of -23.56, a P/E/G ratio of 0.20 and a beta of 0.32. The business has a 50 day moving average of $61.34 and a 200 day moving average of $63.51. LyondellBasell Industries N.V. has a 52 week low of $41.58 and a 52 week high of $83.94.

LyondellBasell Industries (NYSE:LYB) last released its quarterly 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. The business had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $7.53 billion. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.33 earnings per share. As a group, equities research analysts forecast that LyondellBasell Industries N.V. will post 8.57 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Monday, June 1st were given a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Monday, June 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is currently -110.84%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wells Fargo & Company raised LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $80.00 to $98.00 in a research note on Thursday, May 28th. Weiss Ratings lowered shares of LyondellBasell Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, June 24th. Zacks Research cut shares of LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft raised their price target on shares of LyondellBasell Industries from $75.00 to $80.00 and gave the stock a “hold” rating in a report on Tuesday, May 5th. Finally, Jefferies Financial Group upped their price objective on shares of LyondellBasell Industries from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $71.94.

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.