Focus Partners Advisor Solutions LLC Raises Stock Position in LyondellBasell Industries N.V. $LYB

Key Points

• Focus Partners Advisor Solutions increased its LyondellBasell stake by 244.4% during the second quarter, ending with 25,525 shares valued at approximately $1.34 million. Institutional investors collectively own 71.2% of the company.
• LyondellBasell reported quarterly earnings of $4.30 per share, exceeding estimates of $3.44, while revenue rose 19.8% year over year to $9.18 billion, slightly below forecasts.
• The company declared a quarterly dividend of $0.69 per share, equivalent to a 4.3% annual yield. Analysts maintain a consensus “Hold” rating, with an average price target of $72.56 versus the reported share price of $63.76.

Focus Partners Advisor Solutions LLC increased its position in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 244.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,525 shares of the specialty chemicals company's stock after acquiring an additional 18,113 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in LyondellBasell Industries were worth $1,344,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Banque Cantonale Vaudoise purchased a new stake in shares of LyondellBasell Industries during the 1st quarter valued at $48,000. Quarry LP purchased a new position in LyondellBasell Industries during the 3rd quarter worth $31,000. Clearstead Advisors LLC grew its stake in LyondellBasell Industries by 140.3% during the 4th quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company's stock worth $29,000 after buying an additional 390 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in LyondellBasell Industries during the 2nd quarter valued at about $39,000. Finally, Kelleher Financial Advisors raised its stake in LyondellBasell Industries by 4,112.5% in the second quarter. Kelleher Financial Advisors now owns 674 shares of the specialty chemicals company's stock valued at $35,000 after buying an additional 658 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company's stock.

LyondellBasell Industries Trading Down 0.0%

Shares of NYSE:LYB opened at $63.76 on Monday. LyondellBasell Industries N.V. has a 52-week low of $41.58 and a 52-week high of $83.94. The stock has a market cap of $20.60 billion, a price-to-earnings ratio of -56.42, a PEG ratio of 0.17 and a beta of 0.31. The company has a quick ratio of 1.07, a current ratio of 1.64 and a debt-to-equity ratio of 1.05. The business has a 50-day moving average price of $59.37 and a 200-day moving average price of $64.65.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $9.18 billion for the quarter, compared to analyst estimates of $9.21 billion. During the same quarter in the prior year, the firm earned $0.62 earnings per share. LyondellBasell Industries's revenue for the quarter was up 19.8% on a year-over-year basis. Equities analysts predict that LyondellBasell Industries N.V. will post 9.39 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be issued a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, August 24th. LyondellBasell Industries's dividend payout ratio is -244.25%.

Analyst Upgrades and Downgrades

LYB has been the subject of several research analyst reports. The Goldman Sachs Group increased their price objective on shares of LyondellBasell Industries from $51.00 to $75.00 and gave the company a "sell" rating in a research report on Monday, May 4th. Wall Street Zen raised shares of LyondellBasell Industries from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Morgan Stanley cut their price target on shares of LyondellBasell Industries from $77.00 to $72.00 and set an "overweight" rating on the stock in a research note on Monday, July 20th. Zacks Research cut shares of LyondellBasell Industries from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 1st. Finally, Mizuho raised their price target on shares of LyondellBasell Industries from $62.00 to $66.00 and gave the stock a "neutral" rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average 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.

Want to see what other hedge funds are holding LYB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LyondellBasell Industries N.V. (NYSE:LYB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source