Weiss Asset Management LP Buys 17,179 Shares of LyondellBasell Industries N.V. $LYB

Weiss Asset Management LP lifted its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 37.0% during the first quarter, Holdings Channel reports. The fund owned 63,600 shares of the specialty chemicals company’s stock after acquiring an additional 17,179 shares during the quarter. Weiss Asset Management LP’s holdings in LyondellBasell Industries were worth $5,124,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LYB. Clearstead Advisors LLC boosted its position in LyondellBasell Industries by 140.3% during the fourth quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 390 shares during the period. ORG Partners LLC raised its position in shares of 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 purchasing an additional 624 shares during the period. Quarry LP acquired a new stake in shares of LyondellBasell Industries in the third quarter worth $31,000. Key Capital Management INC acquired a new stake in shares of LyondellBasell Industries in the fourth quarter worth $34,000. Finally, Fideuram Asset Management Ireland dac bought a new stake in shares of LyondellBasell Industries during the 4th quarter worth $34,000. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Down 0.0%

Shares of NYSE:LYB opened at $60.30 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 1.12. The firm has a market cap of $19.46 billion, a P/E ratio of -24.22, a P/E/G ratio of 0.20 and a beta of 0.32. LyondellBasell Industries N.V. has a 12 month low of $41.58 and a 12 month high of $83.94. The company’s 50-day moving average price is $61.65 and its two-hundred day moving average price is $63.42.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.18. The company had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $7.53 billion. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.The firm’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.33 EPS. As a group, research analysts forecast that LyondellBasell Industries N.V. will post 8.57 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Monday, June 1st were issued a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Monday, June 1st. LyondellBasell Industries’s dividend payout ratio is -110.84%.

Analyst Upgrades and Downgrades

LYB has been the topic of several recent analyst reports. Jefferies Financial Group lifted their target price on shares of LyondellBasell Industries from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, April 16th. Wolfe Research upped their price target on shares of LyondellBasell Industries from $38.00 to $62.00 and gave the company an “underperform” rating in a report on Tuesday, April 14th. Zacks Research downgraded LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Wells Fargo & Company raised LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $80.00 to $98.00 in a research report on Thursday, May 28th. Finally, Evercore lifted their price objective on LyondellBasell Industries from $70.00 to $73.00 in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $71.94.

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.