Barclays PLC Increases Stock Holdings in LyondellBasell Industries N.V. $LYB

Key Points

• Barclays PLC raised its stake in LyondellBasell by 3.5% in Q3 to 1,006,356 shares (0.31% ownership), buying an additional 33,873 shares and valuing its position at about $49.35 million.
• LyondellBasell missed earnings expectations (reported EPS of −$0.26 vs. a $0.18 estimate) while reporting $7.09 billion in revenue, and the company shows weak profitability metrics including a negative net margin (−2.46%) and a negative P/E (−28.66).
• The company paid a quarterly dividend of $0.69 (annualized $2.76) for a 4.1% yield

Barclays PLC increased its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,006,356 shares of the specialty chemicals company's stock after buying an additional 33,873 shares during the quarter. Barclays PLC owned 0.31% of LyondellBasell Industries worth $49,352,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in shares of LyondellBasell Industries in the 2nd quarter worth $280,000,000. Soundwatch Capital LLC bought a new position in shares of LyondellBasell Industries during the second quarter valued at about $268,123,000. Ameriprise Financial Inc. boosted its holdings in LyondellBasell Industries by 67.5% during the second quarter. Ameriprise Financial Inc. now owns 1,372,998 shares of the specialty chemicals company's stock worth $79,438,000 after purchasing an additional 553,081 shares during the last quarter. State Street Corp grew its position in LyondellBasell Industries by 4.1% in the 2nd quarter. State Street Corp now owns 12,915,151 shares of the specialty chemicals company's stock worth $747,271,000 after purchasing an additional 514,057 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in LyondellBasell Industries by 30.2% in the 2nd quarter. AQR Capital Management LLC now owns 1,607,363 shares of the specialty chemicals company's stock worth $92,632,000 after purchasing an additional 372,817 shares in the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock opened at $66.78 on Tuesday. The company has a current ratio of 1.77, a quick ratio of 1.20 and a debt-to-equity ratio of 1.20. The business's 50 day simple moving average is $53.33 and its 200 day simple moving average is $49.81. LyondellBasell Industries N.V. has a 12 month low of $41.58 and a 12 month high of $78.41. The company has a market cap of $21.52 billion, a price-to-earnings ratio of -28.66, a PEG ratio of 0.60 and a beta of 0.64.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.44). The firm had revenue of $7.09 billion during the quarter, compared to the consensus estimate of $6.82 billion. LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.93%. The business's quarterly revenue was down 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 earnings per share. Sell-side analysts forecast that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $2.76 annualized dividend and a yield of 4.1%. LyondellBasell Industries's dividend payout ratio is -118.45%.

Wall Street Analyst Weigh In

Several equities analysts have commented on LYB shares. UBS Group dropped their target price on shares of LyondellBasell Industries from $41.00 to $38.00 and set a "sell" rating on the stock in a research report on Tuesday, December 23rd. Mizuho increased their price target on LyondellBasell Industries from $49.00 to $53.00 and gave the company a "neutral" rating in a research report on Friday, January 30th. Wolfe Research cut their price objective on LyondellBasell Industries from $39.00 to $38.00 and set an "underperform" rating on the stock in a research report on Monday, February 2nd. Wells Fargo & Company upped their price objective on LyondellBasell Industries from $45.00 to $48.00 and gave the company an "equal weight" rating in a research note on Monday, February 2nd. Finally, Vertical Research raised LyondellBasell Industries from a "hold" rating to a "buy" rating and set a $75.00 target price for the company in a research report on Monday. Four equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat, LyondellBasell Industries currently has a consensus rating of "Hold" and an average price target of $57.22.

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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