Blackhawk Capital Partners LLC Makes New Investment in LyondellBasell Industries N.V. $LYB

Blackhawk Capital Partners LLC purchased a new stake in LyondellBasell Industries N.V. (NYSE:LYB) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 8,820 shares of the specialty chemicals company’s stock, valued at approximately $711,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Research Global Investors boosted its position in LyondellBasell Industries by 108.7% during the 4th quarter. Capital Research Global Investors now owns 9,159,702 shares of the specialty chemicals company’s stock valued at $396,615,000 after acquiring an additional 4,770,260 shares in the last quarter. AQR Capital Management LLC raised its holdings in LyondellBasell Industries by 512.9% in the fourth quarter. AQR Capital Management LLC now owns 3,093,318 shares of the specialty chemicals company’s stock worth $133,941,000 after purchasing an additional 2,588,636 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in LyondellBasell Industries by 5,451.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,457,591 shares of the specialty chemicals company’s stock worth $63,114,000 after purchasing an additional 1,431,334 shares in the last quarter. Morgan Stanley lifted its position in shares of LyondellBasell Industries by 16.9% during the fourth quarter. Morgan Stanley now owns 8,971,741 shares of the specialty chemicals company’s stock valued at $388,476,000 after buying an additional 1,300,271 shares during the last quarter. Finally, Norges Bank bought a new position in shares of LyondellBasell Industries during the 4th quarter worth approximately $52,210,000. 71.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LYB has been the topic of several research analyst reports. Royal Bank Of Canada dropped their target price on LyondellBasell Industries from $94.00 to $65.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 1st. Wolfe Research raised their price target on LyondellBasell Industries from $38.00 to $62.00 and gave the stock an “underperform” rating in a report on Tuesday, April 14th. UBS Group dropped their price target on LyondellBasell Industries from $82.00 to $73.00 and set a “neutral” rating on the stock in a research note on Friday, June 5th. Morgan Stanley upped their price objective on shares of LyondellBasell Industries from $52.00 to $77.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Finally, Zacks Research downgraded shares of LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, LyondellBasell Industries presently has an average rating of “Hold” and an average price target of $72.22.

LyondellBasell Industries Trading Down 0.8%

NYSE LYB opened at $58.06 on Thursday. LyondellBasell Industries N.V. has a 1 year low of $41.58 and a 1 year high of $83.94. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.54 and a quick ratio of 1.03. The company has a market capitalization of $18.74 billion, a PE ratio of -23.32, a P/E/G ratio of 0.18 and a beta of 0.32. The company has a fifty day moving average of $63.44 and a 200 day moving average of $62.60.

LyondellBasell Industries (NYSE:LYB) last announced 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. 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 analysts’ expectations of $7.53 billion. During the same period last year, the business earned $0.33 earnings per share. LyondellBasell Industries’s quarterly revenue was down 6.3% on a year-over-year basis. Research analysts forecast that LyondellBasell Industries N.V. will post 9.07 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Monday, June 1st were paid a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Monday, June 1st. LyondellBasell Industries’s payout ratio is currently -110.84%.

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.