13,760 Shares in LyondellBasell Industries N.V. $LYB Purchased by Triangle Securities Wealth Management

Triangle Securities Wealth Management acquired a new stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,760 shares of the specialty chemicals company’s stock, valued at approximately $1,109,000.

Other large investors also recently bought and sold shares of the company. Woodline Partners LP lifted its stake in LyondellBasell Industries by 40.4% during the first quarter. Woodline Partners LP now owns 21,899 shares of the specialty chemicals company’s stock worth $1,542,000 after purchasing an additional 6,297 shares during the last quarter. Focus Partners Wealth increased its stake in LyondellBasell Industries by 35.4% during the first quarter. Focus Partners Wealth now owns 6,866 shares of the specialty chemicals company’s stock valued at $483,000 after purchasing an additional 1,796 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of LyondellBasell Industries by 69.5% during the second quarter. Baird Financial Group Inc. now owns 29,488 shares of the specialty chemicals company’s stock worth $1,706,000 after purchasing an additional 12,087 shares during the period. Cerity Partners LLC raised its holdings in shares of LyondellBasell Industries by 13.9% during the second quarter. Cerity Partners LLC now owns 49,348 shares of the specialty chemicals company’s stock worth $2,855,000 after purchasing an additional 6,032 shares during the period. Finally, Daiwa Securities Group Inc. lifted its position in shares of LyondellBasell Industries by 9.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 41,416 shares of the specialty chemicals company’s stock worth $2,397,000 after buying an additional 3,715 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Performance

Shares of NYSE LYB opened at $55.69 on Friday. LyondellBasell Industries N.V. has a 12-month low of $41.58 and a 12-month high of $83.94. The company has a market cap of $17.97 billion, a PE ratio of -22.36, a P/E/G ratio of 0.13 and a beta of 0.28. The stock has a 50 day simple moving average of $68.20 and a 200-day simple moving average of $61.45. 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 posted its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.31 by $0.18. The firm had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $7.53 billion. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.The firm’s revenue was down 6.3% compared to the same quarter last year. During the same period last year, the firm earned $0.33 EPS. On average, equities research analysts forecast that LyondellBasell Industries N.V. will post 8.73 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Monday, June 1st were paid a $0.69 dividend. 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%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective 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. Wolfe Research raised their target price on shares of LyondellBasell Industries from $38.00 to $62.00 and gave the stock an “underperform” rating in a report on Tuesday, April 14th. BMO Capital Markets upped their target price on LyondellBasell Industries from $82.00 to $88.00 and gave the company a “market perform” rating in a report on Tuesday, May 5th. Evercore increased their price target on LyondellBasell Industries from $70.00 to $73.00 in a research report on Thursday, May 14th. Finally, Jefferies Financial Group raised their price target on LyondellBasell Industries from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, April 16th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $75.94.

LyondellBasell Industries Company 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.