1,205,771 Shares in LyondellBasell Industries N.V. $LYB Purchased by Norges Bank

Norges Bank acquired a new position in shares of LyondellBasell Industries N.V. (NYSE:LYB) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,205,771 shares of the specialty chemicals company’s stock, valued at approximately $52,210,000. Norges Bank owned approximately 0.37% of LyondellBasell Industries as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stance Capital LLC bought a new stake in shares of LyondellBasell Industries during the 3rd quarter worth approximately $27,000. Clearstead Advisors LLC boosted 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. ORG Partners LLC grew its position in LyondellBasell Industries by 960.0% in the fourth quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock valued at $30,000 after acquiring an additional 624 shares during the last quarter. Quarry LP acquired a new position in LyondellBasell Industries during the third quarter worth about $31,000. Finally, Key Capital Management INC bought a new position in shares of LyondellBasell Industries in the fourth quarter worth about $34,000. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Performance

NYSE:LYB opened at $64.58 on Monday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.54. 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 50 day simple moving average of $72.77 and a two-hundred day simple moving average of $59.93. The company has a market capitalization of $20.84 billion, a PE ratio of -25.93, a P/E/G ratio of 0.15 and a beta of 0.28.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.18. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The firm had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $7.53 billion. During the same quarter in the previous year, the company earned $0.33 EPS. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. Research analysts anticipate that LyondellBasell Industries N.V. will post 8.73 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Monday, June 1st will be given a dividend of $0.69 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.76 dividend on an annualized basis and a yield of 4.3%. LyondellBasell Industries’s dividend payout ratio is -110.84%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LYB. Morgan Stanley lifted their price target on shares of LyondellBasell Industries from $52.00 to $77.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Wolfe Research raised their target price on shares of LyondellBasell Industries from $38.00 to $62.00 and gave the company an “underperform” rating in a research report on Tuesday, April 14th. Vertical Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Monday, March 9th. Fermium Researc upgraded LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 9th. Finally, KeyCorp raised LyondellBasell Industries from a “sector weight” rating to an “overweight” rating and set a $73.00 price objective on the stock in a report on Wednesday, March 4th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $76.71.

About LyondellBasell Industries

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.