Royal London Asset Management Ltd. Purchases 187,142 Shares of LyondellBasell Industries N.V. $LYB

Key Points

• Royal London Asset Management increased its LyondellBasell position by 211.6% in the second quarter, adding 187,142 shares for a total holding of 275,583 shares valued at approximately $14.5 million. Institutional investors collectively own 71.2% of the company.
• Analyst sentiment remains mixed, with LyondellBasell receiving an overall “Hold” rating and an average price target of $72.56. Recent target changes ranged from $64 to $83, while the stock opened at $63.69.
• The company reported quarterly EPS of $4.30, exceeding estimates of $3.44, while revenue reached $9.18 billion and rose 19.8% year over year. LyondellBasell also declared a quarterly dividend of $0.69, equivalent to an annualized yield of 4.3%.

Royal London Asset Management Ltd. lifted its position in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 211.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 275,583 shares of the specialty chemicals company's stock after buying an additional 187,142 shares during the period. Royal London Asset Management Ltd. owned approximately 0.09% of LyondellBasell Industries worth $14,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Clearstead Advisors LLC lifted its holdings in LyondellBasell Industries by 140.3% in the fourth quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company's stock valued at $29,000 after acquiring an additional 390 shares during the period. Quarry LP purchased a new stake in shares of LyondellBasell Industries during the 3rd quarter valued at about $31,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of LyondellBasell Industries during the 4th quarter valued at about $34,000. Kelleher Financial Advisors lifted its stake in shares of LyondellBasell Industries by 4,112.5% in the 2nd quarter. Kelleher Financial Advisors now owns 674 shares of the specialty chemicals company's stock worth $35,000 after purchasing an additional 658 shares during the period. Finally, Harbour Investments Inc. boosted its holdings in shares of LyondellBasell Industries by 74.7% in the fourth quarter. Harbour Investments Inc. now owns 884 shares of the specialty chemicals company's stock worth $38,000 after buying an additional 378 shares during the last quarter. Institutional investors own 71.20% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Citigroup reduced their target price on shares of LyondellBasell Industries from $80.00 to $67.00 and set a "buy" rating for the company in a report on Wednesday, June 24th. UBS Group boosted their price objective on shares of LyondellBasell Industries from $56.00 to $64.00 and gave the company a "neutral" rating in a research report on Tuesday, August 4th. Morgan Stanley reduced their price objective on LyondellBasell Industries from $77.00 to $72.00 and set an "overweight" rating for the company in a research note on Monday, July 20th. Alembic Global Advisors decreased their target price on LyondellBasell Industries from $95.00 to $83.00 and set an "overweight" rating on the stock in a report on Thursday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on LyondellBasell Industries from $75.00 to $80.00 and gave the company a "hold" rating in a research report on Tuesday, May 5th. One equities 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 given a Sell rating to the company. According to data from MarketBeat.com, LyondellBasell Industries currently has an average rating of "Hold" and an average target price of $72.56.

LyondellBasell Industries Trading Up 0.0%

Shares of LyondellBasell Industries stock opened at $63.69 on Monday. LyondellBasell Industries N.V. has a fifty-two week low of $41.58 and a fifty-two week high of $83.94. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.07 and a current ratio of 1.64. The company has a market capitalization of $20.57 billion, a P/E ratio of -56.36, a P/E/G ratio of 0.17 and a beta of 0.31. The company has a fifty day moving average of $59.79 and a 200 day moving average of $65.52.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 EPS for the quarter, beating analysts' consensus estimates of $3.44 by $0.86. The business had revenue of $9.18 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was up 19.8% on a year-over-year basis. During the same period last year, the firm earned $0.62 earnings per share. On average, sell-side analysts anticipate that LyondellBasell Industries N.V. will post 9.2 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 4.3%. LyondellBasell Industries's payout ratio is currently -244.25%.

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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