TD Asset Management Inc Acquires 42,735 Shares of LyondellBasell Industries N.V. $LYB

Key Points

• TD Asset Management increased its LyondellBasell stake by 45.2% in the second quarter, adding 42,735 shares to reach 137,348 shares valued at approximately $7.23 million. Institutional investors and hedge funds collectively own 71.2% of LYB.
• LyondellBasell reported quarterly earnings of $4.30 per share, beating estimates of $3.44, while revenue rose 19.8% year over year to $9.18 billion. Shares opened at $63.76, below the 200-day average of $64.55.
• The company declared a quarterly dividend of $0.69 per share, or $2.76 annualized, representing a 4.3% yield. Analysts’ consensus rating is “Hold,” with an average price target of $72.56.

TD Asset Management Inc lifted its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 45.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 137,348 shares of the specialty chemicals company's stock after purchasing an additional 42,735 shares during the quarter. TD Asset Management Inc's holdings in LyondellBasell Industries were worth $7,231,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of LYB. Banque Cantonale Vaudoise bought a new stake in LyondellBasell Industries during the 1st quarter worth approximately $48,000. Quarry LP acquired a new stake in LyondellBasell Industries during the 3rd quarter worth approximately $31,000. Clearstead Advisors LLC lifted its stake 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 buying an additional 390 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in LyondellBasell Industries in the second quarter valued at approximately $39,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of LyondellBasell Industries in the second quarter valued at approximately $44,000. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Performance

Shares of LYB stock opened at $63.76 on Friday. The company's fifty day simple moving average is $59.37 and its 200-day simple moving average is $64.55. The company has a quick ratio of 1.07, a current ratio of 1.64 and a debt-to-equity ratio of 1.05. The firm has a market cap of $20.60 billion, a PE ratio of -56.42, a P/E/G ratio of 0.17 and a beta of 0.31. LyondellBasell Industries N.V. has a 12 month low of $41.58 and a 12 month high of $83.94.

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 for the quarter, beating analysts' consensus estimates of $3.44 by $0.86. LyondellBasell Industries had a negative net margin of 1.13% and a positive return on equity of 17.44%. The business 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 firm earned $0.62 earnings per share. The firm's revenue for the quarter was up 19.8% compared to the same quarter last year. Equities research analysts expect that LyondellBasell Industries N.V. will post 9.39 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Monday, August 24th. LyondellBasell Industries's dividend payout ratio is currently -244.25%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Royal Bank Of Canada increased their price objective on shares of LyondellBasell Industries from $65.00 to $72.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 5th. The Goldman Sachs Group upped their target price on shares of LyondellBasell Industries from $51.00 to $75.00 and gave the stock a "sell" rating in a research note on Monday, May 4th. Mizuho increased their target price on LyondellBasell Industries from $62.00 to $66.00 and gave the stock a "neutral" rating in a report on Monday, August 3rd. BMO Capital Markets lifted their price target on LyondellBasell Industries from $64.00 to $68.00 and gave the company a "market perform" rating in a research note on Monday, August 3rd. Finally, Alembic Global Advisors cut their price target on LyondellBasell Industries from $95.00 to $83.00 and set an "overweight" rating on the stock in a report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, LyondellBasell Industries presently has a consensus rating of "Hold" and an average target price 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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