Mitsubishi UFJ Trust & Banking Corp Purchases 177,190 Shares of LyondellBasell Industries N.V. $LYB

Key Points

• Mitsubishi UFJ Trust & Banking Corp increased its LyondellBasell stake by 167.3% in the second quarter, purchasing 177,190 additional shares and bringing its holdings to 283,083 shares valued at approximately $14.9 million.
• LyondellBasell reported quarterly earnings of $4.30 per share, surpassing the $3.44 consensus estimate, while revenue rose 19.8% year over year to $9.18 billion.
• The company declared a quarterly dividend of $0.69 per share, equal to an annualized $2.76 and a 4.3% yield. Analyst sentiment remains mixed, with an overall “Hold” rating and a consensus price target of $72.56 versus the stock’s $63.76 opening price.

Mitsubishi UFJ Trust & Banking Corp increased its holdings in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 167.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 283,083 shares of the specialty chemicals company's stock after buying an additional 177,190 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.09% of LyondellBasell Industries worth $14,904,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Woodline Partners LP increased its position in shares of LyondellBasell Industries by 40.4% in the first quarter. Woodline Partners LP now owns 21,899 shares of the specialty chemicals company's stock worth $1,542,000 after purchasing an additional 6,297 shares during the last quarter. Focus Partners Wealth increased its stake in LyondellBasell Industries by 35.4% in the first quarter. Focus Partners Wealth now owns 6,866 shares of the specialty chemicals company's stock valued at $483,000 after acquiring an additional 1,796 shares during the last quarter. Baird Financial Group Inc. raised its position in LyondellBasell Industries by 69.5% during the second quarter. Baird Financial Group Inc. now owns 29,488 shares of the specialty chemicals company's stock valued at $1,706,000 after purchasing an additional 12,087 shares in the last quarter. Cerity Partners LLC raised its position in LyondellBasell Industries by 13.9% during the second quarter. Cerity Partners LLC now owns 49,348 shares of the specialty chemicals company's stock valued at $2,855,000 after purchasing an additional 6,032 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of LyondellBasell Industries by 9.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 41,416 shares of the specialty chemicals company's stock worth $2,397,000 after purchasing an additional 3,715 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Price Performance

LYB stock opened at $63.76 on Friday. The firm's 50-day moving average price is $59.37 and its two-hundred day moving average price is $64.55. LyondellBasell Industries N.V. has a 12-month low of $41.58 and a 12-month high of $83.94. The stock has a market capitalization 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 current ratio of 1.64, a quick ratio of 1.07 and a debt-to-equity ratio of 1.05.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The specialty chemicals company reported $4.30 EPS for the quarter, beating the consensus estimate of $3.44 by $0.86. The firm had revenue of $9.18 billion during the quarter, compared to the consensus estimate of $9.21 billion. LyondellBasell Industries had a negative net margin of 1.13% and a positive return on equity of 17.44%. The company's quarterly revenue was up 19.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.62 earnings per share. As a group, equities analysts predict that LyondellBasell Industries N.V. will post 9.39 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given 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 yield of 4.3%. LyondellBasell Industries's dividend payout ratio is presently -244.25%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on LYB shares. Evercore raised their price objective on LyondellBasell Industries from $70.00 to $73.00 in a report on Thursday, May 14th. Bank of America lowered their price objective on shares of LyondellBasell Industries from $68.00 to $48.00 and set an "underperform" rating for the company in a report on Tuesday, June 30th. Citigroup reduced 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. Morgan Stanley lowered their price target on shares of LyondellBasell Industries from $77.00 to $72.00 and set an "overweight" rating for the company in a research note on Monday, July 20th. Finally, UBS Group raised their price objective on LyondellBasell Industries from $56.00 to $64.00 and gave the company a "neutral" rating in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $72.56.

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.

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