LyondellBasell Industries N.V. $LYB Position Raised by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its position in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 130.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 420,894 shares of the specialty chemicals company's stock after purchasing an additional 237,950 shares during the period. Russell Investments Group Ltd. owned approximately 0.13% of LyondellBasell Industries worth $22,187,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. raised its stake in shares of LyondellBasell Industries by 1.6% in the 1st quarter. Jamison Private Wealth Management Inc. now owns 10,915 shares of the specialty chemicals company's stock worth $879,000 after buying an additional 172 shares in the last quarter. Investment Research Partners LLC boosted its stake in LyondellBasell Industries by 4.4% during the fourth quarter. Investment Research Partners LLC now owns 5,100 shares of the specialty chemicals company's stock valued at $221,000 after buying an additional 214 shares in the last quarter. Ipsen Advisor Group LLC grew its holdings in LyondellBasell Industries by 2.4% during the first quarter. Ipsen Advisor Group LLC now owns 9,359 shares of the specialty chemicals company's stock worth $754,000 after acquiring an additional 216 shares during the period. Rothschild Investment LLC grew its holdings in LyondellBasell Industries by 3.5% during the fourth quarter. Rothschild Investment LLC now owns 8,025 shares of the specialty chemicals company's stock worth $347,000 after acquiring an additional 272 shares during the period. Finally, Moors & Cabot Inc. raised its position in LyondellBasell Industries by 5.6% in the third quarter. Moors & Cabot Inc. now owns 5,495 shares of the specialty chemicals company's stock worth $269,000 after acquiring an additional 293 shares in the last quarter. 71.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on LYB. UBS Group upped their price target on shares of LyondellBasell Industries from $56.00 to $64.00 and gave the company a "neutral" rating in a report on Tuesday, August 4th. Citigroup dropped their target price on shares of LyondellBasell Industries from $80.00 to $67.00 and set a "buy" rating on the stock in a report on Wednesday, June 24th. Wells Fargo & Company raised shares of LyondellBasell Industries from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $80.00 to $98.00 in a research note on Thursday, May 28th. Zacks Research cut shares of LyondellBasell Industries from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 1st. Finally, Alembic Global Advisors decreased their price target on shares of LyondellBasell Industries from $95.00 to $83.00 and set an "overweight" rating on the stock in a research report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $72.56.

LyondellBasell Industries Trading Up 2.2%

LyondellBasell Industries stock opened at $63.76 on Friday. LyondellBasell Industries N.V. has a 12 month low of $41.58 and a 12 month high of $83.94. 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 stock has a market cap of $20.60 billion, a P/E ratio of -56.42, a P/E/G ratio of 0.17 and a beta of 0.31. The company's fifty day simple moving average is $59.37 and its 200-day simple moving average is $64.55.

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 (EPS) for the quarter, topping the consensus estimate of $3.44 by $0.86. The business had revenue of $9.18 billion during the quarter, compared to analyst estimates of $9.21 billion. LyondellBasell Industries had a positive return on equity of 17.44% and a negative net margin of 1.13%.LyondellBasell Industries's quarterly revenue was up 19.8% compared to the same quarter last year. During the same period last year, the company earned $0.62 earnings per share. As a group, sell-side analysts forecast that LyondellBasell Industries N.V. will post 9.39 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be paid a dividend of $0.69 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.3%. LyondellBasell Industries's dividend payout ratio (DPR) is -244.25%.

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.

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