Quantitative Investment Management LLC acquired a new stake in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 97,365 shares of the specialty chemicals company's stock, valued at approximately $5,126,000.
Several other institutional investors have also recently made changes to their positions in the company. Sigma Planning Corp raised its holdings in shares of LyondellBasell Industries by 19.9% in the second quarter. Sigma Planning Corp now owns 28,279 shares of the specialty chemicals company's stock valued at $1,489,000 after purchasing an additional 4,690 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in LyondellBasell Industries by 0.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 35,737 shares of the specialty chemicals company's stock worth $1,882,000 after purchasing an additional 320 shares during the last quarter. New Mexico Educational Retirement Board grew its position in LyondellBasell Industries by 9.4% in the 2nd quarter. New Mexico Educational Retirement Board now owns 12,850 shares of the specialty chemicals company's stock worth $677,000 after purchasing an additional 1,100 shares in the last quarter. Royal London Asset Management Ltd. grew its position in LyondellBasell Industries by 211.6% in the 2nd quarter. Royal London Asset Management Ltd. now owns 275,583 shares of the specialty chemicals company's stock worth $14,509,000 after purchasing an additional 187,142 shares in the last quarter. Finally, Mufg Securities Americas Inc. increased its stake in LyondellBasell Industries by 9.2% in the 2nd quarter. Mufg Securities Americas Inc. now owns 7,778 shares of the specialty chemicals company's stock valued at $410,000 after buying an additional 653 shares during the last quarter. Institutional investors own 71.20% of the company's stock.
LyondellBasell Industries Trading Up 0.0%
NYSE:LYB opened at $63.69 on Monday. LyondellBasell Industries N.V. has a 12 month low of $41.58 and a 12 month 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 firm's 50 day moving average is $59.79 and its 200 day moving average is $65.52. The stock has a market capitalization of $20.57 billion, a PE ratio of -56.36, a price-to-earnings-growth ratio of 0.17 and a beta of 0.31.
LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.44 by $0.86. The business had revenue of $9.18 billion during the quarter, compared to the consensus estimate of $9.21 billion. LyondellBasell Industries had a positive return on equity of 17.44% and a negative net margin of 1.13%.The business's revenue for the quarter was up 19.8% on a year-over-year basis. During the same period last year, the business posted $0.62 earnings per share. Sell-side analysts expect that LyondellBasell Industries N.V. will post 9.2 earnings per share for the current year.
LyondellBasell Industries Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be issued a $0.69 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a $2.76 annualized dividend and a yield of 4.3%. LyondellBasell Industries's dividend payout ratio (DPR) is -244.25%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on LYB shares. JPMorgan Chase & Co. upgraded LyondellBasell Industries from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $75.00 to $80.00 in a research note on Monday, August 3rd. Royal Bank Of Canada lifted their price target on LyondellBasell Industries from $65.00 to $72.00 and gave the stock an "outperform" rating in a report on Wednesday, August 5th. Wall Street Zen raised LyondellBasell Industries from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 22nd. Zacks Research lowered LyondellBasell Industries from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 1st. Finally, Bank of America lowered their target price on LyondellBasell Industries from $68.00 to $48.00 and set an "underperform" rating on the stock in a research note on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $72.56.
View Our Latest Stock Analysis on LYB
LyondellBasell Industries Company Profile
(
Free Report)
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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