LyondellBasell Industries N.V. $LYB Holdings Increased by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors increased its LyondellBasell stake by 149.1% in the third quarter, bringing its holdings to 28,109 shares valued at approximately $1.62 million. Institutional investors and hedge funds collectively own 71.2% of the company.
• LyondellBasell reported quarterly earnings of $4.30 per share, exceeding the $3.44 consensus estimate, while revenue reached $9.18 billion, up 19.8% year over year but slightly below forecasts.
• The company pays a quarterly dividend of $0.69 per share, equivalent to an annualized yield of about 4.5%. Analyst sentiment remains mixed, with the stock carrying an overall “Hold” rating and an average price target of $71.50.

Farther Finance Advisors LLC increased its position in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 149.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,109 shares of the specialty chemicals company's stock after buying an additional 16,827 shares during the quarter. Farther Finance Advisors LLC's holdings in LyondellBasell Industries were worth $1,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Kelleher Financial Advisors lifted its holdings 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 period. SHP Wealth Management bought a new stake in LyondellBasell Industries during the fourth quarter valued at $39,000. Banque Cantonale Vaudoise acquired a new stake in LyondellBasell Industries during the 1st quarter worth about $48,000. Versant Capital Management Inc grew its holdings in LyondellBasell Industries by 148.8% during the 2nd quarter. Versant Capital Management Inc now owns 953 shares of the specialty chemicals company's stock worth $50,000 after acquiring an additional 570 shares during the period. Finally, MV Capital Management Inc. acquired a new stake in LyondellBasell Industries during the 4th quarter worth about $52,000. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Trading Up 1.9%

LYB opened at $61.16 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 current ratio of 1.64, a quick ratio of 1.07 and a debt-to-equity ratio of 1.05. The company has a market cap of $19.76 billion, a P/E ratio of 10.83, a price-to-earnings-growth ratio of 0.16 and a beta of 0.30. The company has a fifty day moving average price of $62.34 and a two-hundred day moving average price of $64.86.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share for the quarter, beating the consensus estimate of $3.44 by $0.86. The firm had revenue of $9.18 billion for the quarter, compared to analyst estimates of $9.21 billion. LyondellBasell Industries had a negative net margin of 1.13% and a positive return on equity of 17.44%. The business's quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.62 earnings per share. Analysts predict that LyondellBasell Industries N.V. will post 9.19 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 24th were paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Monday, August 24th. LyondellBasell Industries's dividend payout ratio is -244.25%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on LYB shares. JPMorgan Chase & Co. raised LyondellBasell Industries from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $75.00 to $80.00 in a research report on Monday, August 3rd. UBS Group cut their target price on LyondellBasell Industries from $64.00 to $62.00 and set a "neutral" rating on the stock in a research report on Friday, September 25th. Wall Street Zen lowered LyondellBasell Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 5th. KeyCorp assumed coverage on LyondellBasell Industries in a research note on Thursday, September 10th. They set a "sector weight" rating for the company. Finally, Zacks Research downgraded LyondellBasell Industries from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $71.50.

About LyondellBasell Industries

LyondellBasell Industries N.V. is a global chemical company that produces materials used across a wide range of industrial and consumer applications. Its portfolio includes olefins and polyolefins, such as polyethylene and polypropylene, as well as propylene oxide, oxyfuels, solvents, and other chemical intermediates.

The company's products are used in packaging, healthcare, automotive components, construction materials, agriculture, home furnishings, and consumer goods. LyondellBasell also develops advanced polymer compounds and participates in recycling and circular-economy initiatives designed to increase the reuse of plastic materials.

LyondellBasell serves customers in markets throughout North America, Europe, Asia, and other international regions through manufacturing facilities, research operations, and commercial activities around the world.

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.