Sigma Planning Corp Buys 14,153 Shares of LyondellBasell Industries N.V. $LYB

Sigma Planning Corp lifted its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 150.0% in the 1st quarter, HoldingsChannel reports. The firm owned 23,589 shares of the specialty chemicals company’s stock after buying an additional 14,153 shares during the quarter. Sigma Planning Corp’s holdings in LyondellBasell Industries were worth $1,900,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Stance Capital LLC purchased a new position in shares of LyondellBasell Industries during the third quarter valued at about $27,000. Clearstead Advisors LLC boosted its position in LyondellBasell Industries by 140.3% during the 4th 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 in the last quarter. ORG Partners LLC grew its holdings in shares of LyondellBasell Industries by 960.0% during the 4th quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock worth $30,000 after acquiring an additional 624 shares during the period. Quarry LP purchased a new position in shares of LyondellBasell Industries during the 3rd quarter worth approximately $31,000. Finally, Key Capital Management INC bought a new position in shares of LyondellBasell Industries in the 4th quarter worth approximately $34,000. Institutional investors own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on LYB shares. Mizuho lowered their target price on LyondellBasell Industries from $76.00 to $62.00 and set a “neutral” rating for the company in a research note on Wednesday, July 1st. UBS Group decreased their price objective on LyondellBasell Industries from $82.00 to $73.00 and set a “neutral” rating for the company in a report on Friday, June 5th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of LyondellBasell Industries from $75.00 to $80.00 and gave the company a “hold” rating in a report on Tuesday, May 5th. Wells Fargo & Company upgraded shares of LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $80.00 to $98.00 in a research note on Thursday, May 28th. Finally, Zacks Research cut shares of LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $72.22.

LyondellBasell Industries Trading Down 0.4%

LyondellBasell Industries stock opened at $57.79 on Friday. LyondellBasell Industries N.V. has a 12 month low of $41.58 and a 12 month high of $83.94. The company has a market capitalization of $18.66 billion, a price-to-earnings ratio of -23.21, a price-to-earnings-growth ratio of 0.18 and a beta of 0.32. The business’s fifty day simple moving average is $63.17 and its two-hundred day simple moving average is $62.70. The company has a current ratio of 1.54, a quick ratio of 1.03 and a debt-to-equity ratio of 1.12.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.18. The firm had revenue of $7.20 billion during the quarter, compared to analyst estimates of $7.53 billion. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.LyondellBasell Industries’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 EPS. As a group, equities analysts predict that LyondellBasell Industries N.V. will post 9.07 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Monday, June 1st were paid a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Monday, June 1st. LyondellBasell Industries’s dividend payout ratio is currently -110.84%.

LyondellBasell Industries Company 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.