Public Employees Retirement System of Ohio Takes $4.34 Million Position in LyondellBasell Industries N.V. $LYB

Key Points

• Public Employees Retirement System of Ohio acquired 82,381 shares of LyondellBasell Industries, valued at approximately $4.34 million. Hedge funds and other institutional investors own 71.2% of the company, with several major investors increasing their positions.
• LyondellBasell reported quarterly earnings of $4.30 per share, exceeding analyst expectations of $3.44, while revenue rose 19.8% year over year to $9.18 billion. The stock recently opened at $64.77, below its 52-week high of $83.94.
• The company pays a quarterly dividend of $0.69, or $2.76 annually, representing a 4.3% yield. Analysts maintain a consensus rating of “Hold” with an average price target of $72.56.

Public Employees Retirement System of Ohio acquired a new stake in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 82,381 shares of the specialty chemicals company's stock, valued at approximately $4,337,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Capital Research Global Investors raised its stake in shares of LyondellBasell Industries by 108.7% during the fourth quarter. Capital Research Global Investors now owns 9,159,702 shares of the specialty chemicals company's stock worth $396,615,000 after purchasing an additional 4,770,260 shares during the last quarter. BlackRock Inc. raised its position in LyondellBasell Industries by 16.7% during the 2nd quarter. BlackRock Inc. now owns 29,298,859 shares of the specialty chemicals company's stock worth $1,542,585,000 after buying an additional 4,185,571 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of LyondellBasell Industries by 512.9% in the 4th quarter. AQR Capital Management LLC now owns 3,093,318 shares of the specialty chemicals company's stock worth $133,941,000 after acquiring an additional 2,588,636 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of LyondellBasell Industries by 5,451.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,457,591 shares of the specialty chemicals company's stock worth $63,114,000 after acquiring an additional 1,431,334 shares during the period. Finally, Morgan Stanley increased its stake in shares of LyondellBasell Industries by 16.9% during the fourth quarter. Morgan Stanley now owns 8,971,741 shares of the specialty chemicals company's stock worth $388,476,000 after acquiring an additional 1,300,271 shares during the period. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Price Performance

LYB stock opened at $64.77 on Friday. The stock's 50 day moving average price is $60.46 and its 200 day moving average price is $65.73. The firm has a market cap of $20.92 billion, a P/E ratio of -57.32, a PEG ratio of 0.18 and a beta of 0.31. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.07 and a current ratio of 1.64. LyondellBasell Industries N.V. has a 1 year low of $41.58 and a 1 year high of $83.94.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $9.18 billion during the quarter, compared to the consensus estimate of $9.21 billion. During the same quarter last year, the business posted $0.62 earnings per share. LyondellBasell Industries's revenue was up 19.8% compared to the same quarter last year. On average, sell-side analysts expect that LyondellBasell Industries N.V. will post 9.2 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 24th were paid a $0.69 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $2.76 annualized dividend and a yield of 4.3%. LyondellBasell Industries's payout ratio is presently -244.25%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LYB. Evercore raised their price objective on shares of LyondellBasell Industries from $70.00 to $73.00 in a research report on Thursday, May 14th. Alembic Global Advisors dropped their price objective on LyondellBasell Industries from $95.00 to $83.00 and set an "overweight" rating on the stock in a report on Thursday, July 2nd. UBS Group raised their target price on LyondellBasell Industries from $56.00 to $64.00 and gave the company a "neutral" rating in a report on Tuesday, August 4th. Bank of America cut their price target 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. Finally, Citigroup dropped their price objective on LyondellBasell Industries from $80.00 to $67.00 and set a "buy" rating for the company in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $72.56.

LyondellBasell Industries 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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