Capital Research Global Investors Increases Holdings in LyondellBasell Industries N.V. $LYB

Capital Research Global Investors lifted its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 108.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,159,702 shares of the specialty chemicals company’s stock after acquiring an additional 4,770,260 shares during the period. Capital Research Global Investors’ holdings in LyondellBasell Industries were worth $396,615,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in LYB. Woodline Partners LP lifted its holdings in shares of LyondellBasell Industries by 40.4% in the 1st quarter. Woodline Partners LP now owns 21,899 shares of the specialty chemicals company’s stock valued at $1,542,000 after acquiring an additional 6,297 shares during the last quarter. Focus Partners Wealth lifted its holdings in shares of LyondellBasell Industries by 35.4% in the 1st quarter. Focus Partners Wealth now owns 6,866 shares of the specialty chemicals company’s stock valued at $483,000 after acquiring an additional 1,796 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in shares of LyondellBasell Industries by 69.5% in the 2nd quarter. Baird Financial Group Inc. now owns 29,488 shares of the specialty chemicals company’s stock valued at $1,706,000 after acquiring an additional 12,087 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of LyondellBasell Industries by 13.9% in the 2nd quarter. Cerity Partners LLC now owns 49,348 shares of the specialty chemicals company’s stock valued at $2,855,000 after acquiring an additional 6,032 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings 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 valued at $2,397,000 after acquiring an additional 3,715 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Performance

LyondellBasell Industries stock opened at $64.58 on Monday. 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 N.V. has a 1-year low of $41.58 and a 1-year high of $83.94. The firm has a market capitalization of $20.84 billion, a P/E ratio of -25.93, a price-to-earnings-growth ratio of 0.15 and a beta of 0.28. The company’s 50-day moving average is $72.77 and its 200 day moving average is $59.93.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.18. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The company had revenue of $7.20 billion for the quarter, compared to analyst estimates of $7.53 billion. During the same period in the prior year, the company posted $0.33 EPS. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. Research analysts forecast that LyondellBasell Industries N.V. will post 8.73 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Monday, June 1st will be given a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Monday, June 1st. LyondellBasell Industries’s dividend payout ratio is -110.84%.

Analysts Set New Price Targets

LYB has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of LyondellBasell Industries from $75.00 to $80.00 and gave the company a “hold” rating in a report on Tuesday, May 5th. KeyCorp raised shares of LyondellBasell Industries from a “sector weight” rating to an “overweight” rating and set a $73.00 price target for the company in a report on Wednesday, March 4th. Bank of America reaffirmed an “underperform” rating and issued a $55.00 price target on shares of LyondellBasell Industries in a report on Monday, April 6th. Weiss Ratings raised shares of LyondellBasell Industries from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, May 19th. Finally, BMO Capital Markets increased their price target on shares of LyondellBasell Industries from $82.00 to $88.00 and gave the company a “market perform” rating in a report on Tuesday, May 5th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $76.71.

About LyondellBasell Industries

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.