Flax Pond Capital LLC Trims Stock Position in LyondellBasell Industries N.V. $LYB

Flax Pond Capital LLC lessened its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 87.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,442 shares of the specialty chemicals company’s stock after selling 70,244 shares during the period. Flax Pond Capital LLC’s holdings in LyondellBasell Industries were worth $841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Clearstead Advisors LLC increased its position in LyondellBasell Industries by 140.3% during 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 shares of LyondellBasell Industries by 960.0% in the fourth 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 purchased a new position in shares of LyondellBasell Industries during the third quarter worth approximately $31,000. Key Capital Management INC purchased a new position in shares of LyondellBasell Industries during the fourth quarter worth approximately $34,000. Finally, Fideuram Asset Management Ireland dac acquired a new position in shares of LyondellBasell Industries in the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on LYB shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of LyondellBasell Industries from $75.00 to $80.00 and gave the stock a “hold” rating in a research note on Tuesday, May 5th. Royal Bank Of Canada lowered their price target on LyondellBasell Industries from $94.00 to $65.00 and set an “outperform” rating on the stock in a report on Wednesday, July 1st. Citigroup reduced their price objective on LyondellBasell Industries from $80.00 to $67.00 and set a “buy” rating for the company in a research note on Wednesday, June 24th. Wall Street Zen downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Evercore upped their price target on LyondellBasell Industries from $70.00 to $73.00 in a research note on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, LyondellBasell Industries currently has a consensus rating of “Hold” and an average price target of $71.94.

LyondellBasell Industries Stock Down 0.1%

LyondellBasell Industries stock opened at $60.43 on Friday. The stock’s 50 day moving average price is $60.64 and its 200 day moving average price is $63.78. LyondellBasell Industries N.V. has a 1-year low of $41.58 and a 1-year high of $83.94. The company has a market cap of $19.51 billion, a PE ratio of -24.27, a price-to-earnings-growth ratio of 0.20 and a beta of 0.32. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.54 and a quick ratio of 1.03.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.18. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.The company had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $7.53 billion. During the same quarter last year, the company earned $0.33 earnings per share. LyondellBasell Industries’s quarterly revenue was down 6.3% compared to the same quarter last year. On average, sell-side analysts predict that LyondellBasell Industries N.V. will post 8.57 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Monday, June 1st were issued a dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.76 dividend on an annualized basis and a yield of 4.6%. LyondellBasell Industries’s payout ratio is currently -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.