Recurrent Investment Advisors LLC Has $10.11 Million Stock Holdings in LyondellBasell Industries N.V. $LYB

Key Points

• Recurrent Investment Advisors more than doubled its LyondellBasell stake to 125,488 shares in the first quarter, valued at approximately $10.11 million. Institutional investors collectively own 71.2% of the company.
• LyondellBasell reported quarterly EPS of $0.49, exceeding the $0.31 analyst consensus, but revenue fell 6.3% year over year to $7.20 billion, below expectations.
• The company paid a quarterly dividend of $0.69 per share, representing a 4.7% yield, while analysts maintain an overall “Hold” rating with an average price target of $71.94.

Recurrent Investment Advisors LLC boosted its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 110.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 125,488 shares of the specialty chemicals company's stock after purchasing an additional 65,869 shares during the quarter. LyondellBasell Industries comprises approximately 0.6% of Recurrent Investment Advisors LLC's holdings, making the stock its 25th largest position. Recurrent Investment Advisors LLC's holdings in LyondellBasell Industries were worth $10,109,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oxbow Advisors LLC acquired a new stake in LyondellBasell Industries in the 4th quarter worth $4,616,000. Wealth Enhancement Advisory Services LLC raised its position in shares of LyondellBasell Industries by 32.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 56,986 shares of the specialty chemicals company's stock valued at $2,633,000 after buying an additional 14,006 shares during the last quarter. Swedbank AB lifted its stake in shares of LyondellBasell Industries by 16.0% in the fourth quarter. Swedbank AB now owns 242,726 shares of the specialty chemicals company's stock valued at $10,510,000 after buying an additional 33,399 shares during the period. Stanley Laman Group Ltd. lifted its stake in shares of LyondellBasell Industries by 66.0% in the fourth quarter. Stanley Laman Group Ltd. now owns 53,423 shares of the specialty chemicals company's stock valued at $2,313,000 after buying an additional 21,235 shares during the period. Finally, Tejara Capital Ltd acquired a new stake in LyondellBasell Industries during the fourth quarter worth about $1,425,000. Institutional investors and hedge funds own 71.20% of the company's stock.

LyondellBasell Industries Stock Performance

NYSE:LYB opened at $58.24 on Wednesday. The firm has a market capitalization of $18.80 billion, a PE ratio of -23.39, a price-to-earnings-growth ratio of 0.19 and a beta of 0.32. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 1.12. LyondellBasell Industries N.V. has a 12-month low of $41.58 and a 12-month high of $83.94. The firm has a 50-day moving average price of $61.05 and a 200 day moving average price of $63.60.

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 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 company had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $7.53 billion. During the same period in the previous year, the business earned $0.33 earnings per share. The company's quarterly revenue was down 6.3% on a year-over-year basis. Research analysts anticipate that LyondellBasell Industries N.V. will post 8.57 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Monday, June 1st were given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Monday, June 1st. LyondellBasell Industries's dividend payout ratio (DPR) is -110.84%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on LYB shares. Jefferies Financial Group upped their price target on LyondellBasell Industries from $70.00 to $75.00 and gave the company a "hold" rating in a report on Thursday, April 16th. UBS Group decreased their price objective on LyondellBasell Industries from $82.00 to $73.00 and set a "neutral" rating on the stock in a report on Friday, June 5th. The Goldman Sachs Group boosted their price objective on LyondellBasell Industries from $51.00 to $75.00 and gave the company a "sell" rating in a research report on Monday, May 4th. BMO Capital Markets cut their target price on LyondellBasell Industries from $88.00 to $64.00 and set a "market perform" rating for the company in a research note on Monday, July 6th. Finally, Wolfe Research raised their target price on LyondellBasell Industries from $38.00 to $62.00 and gave the stock an "underperform" rating in a research report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $71.94.

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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