Fox Run Management L.L.C. Has $836,000 Stock Position in LyondellBasell Industries N.V. $LYB

Fox Run Management L.L.C. grew its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 328.7% in the second quarter, HoldingsChannel.com reports. The fund owned 15,873 shares of the specialty chemicals company’s stock after acquiring an additional 12,170 shares during the period. Fox Run Management L.L.C.’s holdings in LyondellBasell Industries were worth $836,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oxbow Advisors LLC bought a new position in shares of LyondellBasell Industries during the 4th quarter valued at about $4,616,000. Swedbank AB increased its stake in LyondellBasell Industries by 16.0% during the 4th quarter. Swedbank AB now owns 242,726 shares of the specialty chemicals company’s stock worth $10,510,000 after purchasing an additional 33,399 shares in the last quarter. Tejara Capital Ltd acquired a new stake in LyondellBasell Industries during the 4th quarter worth approximately $1,425,000. LBP AM SA raised its holdings in LyondellBasell Industries by 181.0% during the 4th quarter. LBP AM SA now owns 119,342 shares of the specialty chemicals company’s stock worth $5,168,000 after buying an additional 76,867 shares during the period. Finally, Evergreen Capital Management LLC bought a new position in LyondellBasell Industries in the fourth quarter valued at approximately $1,003,000. 71.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on LYB shares. BMO Capital Markets upped their price target on shares of LyondellBasell Industries from $64.00 to $68.00 and gave the company a “market perform” rating in a report on Monday, August 3rd. Morgan Stanley cut their price objective on shares of LyondellBasell Industries from $77.00 to $72.00 and set an “overweight” rating on the stock in a research report on Monday, July 20th. Wells Fargo & Company raised shares of LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $80.00 to $98.00 in a research note on Thursday, May 28th. Weiss Ratings upgraded LyondellBasell Industries from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, August 3rd. Finally, JPMorgan Chase & Co. raised LyondellBasell Industries from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $75.00 to $80.00 in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $72.56.

LyondellBasell Industries Price Performance

Shares of LYB opened at $63.76 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 twelve month low of $41.58 and a twelve month high of $83.94. The stock has a market capitalization of $20.60 billion, a P/E ratio of -56.42, a P/E/G ratio of 0.17 and a beta of 0.31. The company has a 50 day moving average of $59.37 and a 200-day moving average of $64.55.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, July 31st. The specialty chemicals company reported $4.30 EPS for the quarter, topping analysts’ consensus estimates of $3.44 by $0.86. LyondellBasell Industries had a negative net margin of 1.13% and a positive return on equity of 17.44%. The business had revenue of $9.18 billion for the quarter, compared to analyst estimates of $9.21 billion. During the same quarter in the previous year, the firm posted $0.62 earnings per share. The firm’s revenue for the quarter was up 19.8% on a year-over-year basis. As a group, equities research analysts forecast that LyondellBasell Industries N.V. will post 9.39 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be given a dividend of $0.69 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $2.76 annualized dividend and a yield of 4.3%. LyondellBasell Industries’s dividend payout ratio is -244.25%.

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.