Advisors Preferred LLC Acquires Shares of 45,415 LyondellBasell Industries N.V. $LYB

Advisors Preferred LLC acquired a new stake in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 45,415 shares of the specialty chemicals company's stock, valued at approximately $2,423,000.

A number of other institutional investors and hedge funds 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 first quarter. Woodline Partners LP now owns 21,899 shares of the specialty chemicals company's stock valued at $1,542,000 after purchasing an additional 6,297 shares in the last quarter. Focus Partners Wealth grew its stake 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 worth $483,000 after acquiring an additional 1,796 shares in the last quarter. Baird Financial Group Inc. raised its holdings in shares of LyondellBasell Industries by 69.5% in the second quarter. Baird Financial Group Inc. now owns 29,488 shares of the specialty chemicals company's stock valued at $1,706,000 after purchasing an additional 12,087 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of LyondellBasell Industries by 13.9% in the second quarter. Cerity Partners LLC now owns 49,348 shares of the specialty chemicals company's stock valued at $2,855,000 after purchasing an additional 6,032 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in shares of LyondellBasell Industries by 9.9% during the second quarter. Daiwa Securities Group Inc. now owns 41,416 shares of the specialty chemicals company's stock valued at $2,397,000 after purchasing an additional 3,715 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company's stock.

LyondellBasell Industries Stock Performance

Shares of LYB opened at $68.23 on Friday. The firm has a market cap of $22.04 billion, a PE ratio of -60.38, a PEG ratio of 0.18 and a beta of 0.31. The stock's fifty day moving average price is $59.53 and its two-hundred day moving average price is $65.11. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.64 and a quick ratio of 1.07. LyondellBasell Industries N.V. has a 1 year low of $41.58 and a 1 year high of $83.94.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share for the quarter, topping the consensus estimate of $3.44 by $0.86. LyondellBasell Industries had a positive return on equity of 17.44% and a negative net margin of 1.13%.The company had revenue of $9.18 billion during the quarter, compared to the consensus estimate of $9.21 billion. During the same quarter in the prior year, the company earned $0.62 EPS. The firm's quarterly revenue was up 19.8% compared to the same quarter last year. On average, equities research analysts forecast that LyondellBasell Industries N.V. will post 9.39 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Monday, August 24th. LyondellBasell Industries's dividend payout ratio (DPR) is currently -244.25%.

Wall Street Analysts Forecast Growth

Several research firms have commented on LYB. Zacks Research lowered shares of LyondellBasell Industries from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 1st. Weiss Ratings upgraded LyondellBasell Industries from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, August 3rd. Mizuho increased their price target on LyondellBasell Industries from $62.00 to $66.00 and gave the company a "neutral" rating in a research report on Monday, August 3rd. BMO Capital Markets lifted their price target on LyondellBasell Industries from $64.00 to $68.00 and gave the stock a "market perform" rating in a report on Monday, August 3rd. Finally, Morgan Stanley reduced their price objective on LyondellBasell Industries from $77.00 to $72.00 and set an "overweight" rating for the company in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $72.56.

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.

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