Aventail Capital Group LP Boosts Stock Position in LyondellBasell Industries N.V. $LYB

Aventail Capital Group LP boosted its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 69.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 69,384 shares of the specialty chemicals company’s stock after purchasing an additional 28,442 shares during the period. Aventail Capital Group LP’s holdings in LyondellBasell Industries were worth $3,004,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of LYB. Capital Research Global Investors boosted its position in LyondellBasell Industries by 108.7% in the fourth quarter. Capital Research Global Investors now owns 9,159,702 shares of the specialty chemicals company’s stock worth $396,615,000 after purchasing an additional 4,770,260 shares during the last quarter. AQR Capital Management LLC boosted its position in LyondellBasell Industries by 512.9% in the fourth quarter. AQR Capital Management LLC now owns 3,093,318 shares of the specialty chemicals company’s stock worth $133,941,000 after purchasing an additional 2,588,636 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in LyondellBasell Industries by 5,451.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,457,591 shares of the specialty chemicals company’s stock worth $63,114,000 after purchasing an additional 1,431,334 shares during the last quarter. Morgan Stanley boosted its position in LyondellBasell Industries by 16.9% in the fourth quarter. Morgan Stanley now owns 8,971,741 shares of the specialty chemicals company’s stock worth $388,476,000 after purchasing an additional 1,300,271 shares during the last quarter. Finally, Norges Bank purchased a new position in LyondellBasell Industries in the fourth quarter worth $52,210,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Down 1.3%

Shares of NYSE LYB opened at $61.77 on Thursday. LyondellBasell Industries N.V. has a one year low of $41.58 and a one year high of $83.94. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.54 and a quick ratio of 1.03. The business’s fifty day moving average price is $70.22 and its 200-day moving average price is $60.95. The stock has a market capitalization of $19.94 billion, a PE ratio of -24.81, 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 EPS 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 firm had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $7.53 billion. During the same quarter in the prior year, the firm earned $0.33 EPS. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, equities research analysts anticipate that LyondellBasell Industries N.V. will post 8.73 EPS for the current year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Monday, June 1st were paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Monday, June 1st. LyondellBasell Industries’s payout ratio is presently -110.84%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LYB. BMO Capital Markets boosted their price objective on LyondellBasell Industries from $82.00 to $88.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 5th. 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 research report on Wednesday, March 4th. Morgan Stanley upped their price target on LyondellBasell Industries from $52.00 to $77.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Bank of America reaffirmed an “underperform” rating and set a $55.00 price target on shares of LyondellBasell Industries in a research report on Monday, April 6th. Finally, UBS Group dropped their price target on LyondellBasell Industries from $82.00 to $73.00 and set a “neutral” rating on the stock in a research report on Friday, June 5th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, LyondellBasell Industries currently has a consensus rating of “Hold” and an average target price of $76.71.

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.