New Age Alpha Advisors LLC Increases Holdings in LyondellBasell Industries N.V. $LYB

New Age Alpha Advisors LLC boosted its position in LyondellBasell Industries N.V. (NYSE:LYB) by 97.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,388 shares of the specialty chemicals company’s stock after purchasing an additional 30,784 shares during the period. New Age Alpha Advisors LLC’s holdings in LyondellBasell Industries were worth $3,336,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LYB. Norges Bank acquired a new stake in LyondellBasell Industries in the second quarter valued at $280,000,000. Soundwatch Capital LLC purchased a new stake in shares of LyondellBasell Industries in the 2nd quarter worth about $268,123,000. Ameriprise Financial Inc. grew its stake in LyondellBasell Industries by 67.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,372,998 shares of the specialty chemicals company’s stock valued at $79,438,000 after acquiring an additional 553,081 shares during the last quarter. State Street Corp increased its holdings in LyondellBasell Industries by 4.1% during the 2nd quarter. State Street Corp now owns 12,915,151 shares of the specialty chemicals company’s stock valued at $747,271,000 after acquiring an additional 514,057 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in LyondellBasell Industries by 30.2% during the second quarter. AQR Capital Management LLC now owns 1,607,363 shares of the specialty chemicals company’s stock worth $92,632,000 after acquiring an additional 372,817 shares during the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Price Performance

Shares of NYSE:LYB opened at $57.51 on Monday. The company has a market cap of $18.53 billion, a P/E ratio of -24.68, a P/E/G ratio of 0.41 and a beta of 0.64. The business has a fifty day simple moving average of $50.94 and a 200-day simple moving average of $49.43. LyondellBasell Industries N.V. has a 52 week low of $41.58 and a 52 week high of $78.41. The company has a quick ratio of 1.20, a current ratio of 1.77 and a debt-to-equity ratio of 1.20.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.44). The business had revenue of $7.09 billion for the quarter, compared to analysts’ expectations of $6.82 billion. LyondellBasell Industries had a positive return on equity of 4.93% and a negative net margin of 2.46%.The business’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.75 earnings per share. Equities research analysts forecast that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 9th. Investors of record on Monday, March 2nd will be given a $0.69 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $2.76 annualized dividend and a dividend yield of 4.8%. LyondellBasell Industries’s dividend payout ratio (DPR) is currently -235.19%.

Analyst Ratings Changes

Several research firms have recently commented on LYB. Bank of America lowered their price target on shares of LyondellBasell Industries from $52.00 to $46.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Jefferies Financial Group lowered their target price on LyondellBasell Industries from $50.00 to $46.00 and set a “hold” rating on the stock in a report on Monday, December 8th. Evercore cut their price target on LyondellBasell Industries from $65.00 to $57.00 and set an “in-line” rating for the company in a report on Tuesday, November 11th. Zacks Research upgraded LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. Finally, Wolfe Research dropped their price objective on LyondellBasell Industries from $39.00 to $38.00 and set an “underperform” rating for the company in a research report on Monday, February 2nd. One analyst has rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, LyondellBasell Industries presently has a consensus rating of “Reduce” and an average target price of $51.12.

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.