8,565 Shares in LyondellBasell Industries N.V. $LYB Bought by Copley Financial Group Inc.

Copley Financial Group Inc. purchased a new stake in LyondellBasell Industries N.V. (NYSE:LYB) during the 4th quarter, Holdings Channel.com reports. The fund purchased 8,565 shares of the specialty chemicals company’s stock, valued at approximately $371,000.

Other hedge funds also recently made changes to their positions in the company. Stance Capital LLC bought a new position in shares of LyondellBasell Industries during the 3rd quarter worth about $27,000. Clearstead Advisors LLC increased its stake in LyondellBasell Industries by 140.3% in the fourth quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company’s stock valued at $29,000 after acquiring an additional 390 shares during the period. ORG Partners LLC increased its stake in 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 acquired a new position in LyondellBasell Industries in the third quarter worth about $31,000. Finally, Key Capital Management INC acquired a new position in LyondellBasell Industries in the fourth quarter worth about $34,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock opened at $62.44 on Wednesday. The business’s fifty day moving average is $70.56 and its two-hundred day moving average is $60.86. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.54. The firm has a market cap of $20.16 billion, a P/E ratio of -25.08, a P/E/G ratio of 0.15 and a beta of 0.28. 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 announced its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share 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 analyst estimates of $7.53 billion. During the same period last year, the company posted $0.33 earnings per share. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. Equities research analysts forecast that LyondellBasell Industries N.V. will post 8.73 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 8th. Shareholders 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 dividend on an annualized basis and a dividend yield of 4.4%. LyondellBasell Industries’s payout ratio is currently -110.84%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Mizuho increased their price objective on LyondellBasell Industries from $74.00 to $76.00 in a research note on Friday, May 1st. Weiss Ratings upgraded shares of LyondellBasell Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, May 19th. Alembic Global Advisors raised shares of LyondellBasell Industries from a “neutral” rating to an “overweight” rating in a report on Thursday, April 9th. Morgan Stanley boosted their price target on shares of LyondellBasell Industries from $52.00 to $77.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Finally, Wall Street Zen raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $76.71.

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.