LyondellBasell Industries N.V. $LYB Shares Purchased by AXQ Capital LP

Key Points

• AXQ Capital LP significantly increased its stake in LyondellBasell Industries during the fourth quarter, boosting its holdings by 137.3% to 28,809 shares valued at about $1.25 million.
• Analyst sentiment remains mixed, with recent target-price changes from several firms and a consensus rating of “Hold”; MarketBeat reports an average price target of $77.24.
• The company beat earnings expectations but missed on revenue in its latest quarterly report, posting EPS of $0.49 versus the $0.31 estimate while revenue came in at $7.20 billion below forecasts. LyondellBasell also announced a quarterly dividend of $0.69 per share, implying a 4.1% annual yield.

AXQ Capital LP grew its position in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 137.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,809 shares of the specialty chemicals company's stock after purchasing an additional 16,669 shares during the period. AXQ Capital LP's holdings in LyondellBasell Industries were worth $1,247,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Stance Capital LLC purchased a new stake in shares of LyondellBasell Industries during the 3rd quarter valued at about $27,000. United Community Bank increased its holdings in LyondellBasell Industries by 83.2% during the 3rd quarter. United Community Bank now owns 623 shares of the specialty chemicals company's stock worth $31,000 after purchasing an additional 283 shares during the last quarter. Quarry LP purchased a new stake in LyondellBasell Industries during the 3rd quarter worth approximately $31,000. Clearstead Advisors LLC increased its holdings 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 purchasing an additional 390 shares during the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new stake in LyondellBasell Industries during the 2nd quarter worth approximately $39,000. 71.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on LYB. Wolfe Research lifted their price objective on LyondellBasell Industries from $38.00 to $62.00 and gave the stock an "underperform" rating in a report on Tuesday, April 14th. JPMorgan Chase & Co. lifted their price objective on LyondellBasell Industries from $50.00 to $75.00 and gave the stock a "neutral" rating in a report on Monday, May 4th. Zacks Research upgraded LyondellBasell Industries from a "hold" rating to a "strong-buy" rating in a report on Friday, May 1st. Citigroup lowered their price target on LyondellBasell Industries from $90.00 to $80.00 and set a "buy" rating for the company in a report on Wednesday, May 27th. Finally, The Goldman Sachs Group boosted their price target on LyondellBasell Industries from $51.00 to $75.00 and gave the company a "sell" rating in a report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, LyondellBasell Industries presently has a consensus rating of "Hold" and an average target price of $77.24.

LyondellBasell Industries Trading Up 0.7%

NYSE:LYB opened at $67.14 on Tuesday. LyondellBasell Industries N.V. has a 12-month low of $41.58 and a 12-month high of $83.94. The firm has a market capitalization of $21.67 billion, a P/E ratio of -26.97, a P/E/G ratio of 0.15 and a beta of 0.28. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.54 and a quick ratio of 1.03. The business has a 50 day simple moving average of $73.42 and a 200 day simple moving average of $59.32.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings data on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.18. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.The business had revenue of $7.20 billion during the quarter, compared to analyst estimates of $7.53 billion. During the same quarter in the previous year, the firm posted $0.33 EPS. The business's revenue for the quarter was down 6.3% compared to the same quarter last year. Equities research analysts predict that LyondellBasell Industries N.V. will post 8.73 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Monday, June 1st will be given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Monday, June 1st. LyondellBasell Industries's payout ratio is -110.84%.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the business's stock in a transaction on Monday, March 9th. The stock was sold at an average price of $68.13, for a total transaction of $26,199,255.24. Following the completion of the transaction, the insider owned 5,270,918 shares in the company, valued at approximately $359,107,643.34. The trade was a 6.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.14% of the company's stock.

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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