LyondellBasell Industries N.V. $LYB Shares Purchased by Caitong International Asset Management Co. Ltd

Caitong International Asset Management Co. Ltd raised its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 89.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 30,328 shares of the specialty chemicals company’s stock after acquiring an additional 14,361 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in LyondellBasell Industries were worth $1,597,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Oxbow Advisors LLC purchased a new stake in shares of LyondellBasell Industries during the 4th quarter valued at $4,616,000. Swedbank AB raised its position in shares of LyondellBasell Industries by 16.0% in the 4th quarter. Swedbank AB now owns 242,726 shares of the specialty chemicals company’s stock worth $10,510,000 after buying an additional 33,399 shares during the period. Tejara Capital Ltd acquired a new position in LyondellBasell Industries in the fourth quarter valued at $1,425,000. LBP AM SA boosted its holdings in LyondellBasell Industries by 181.0% in the fourth quarter. LBP AM SA now owns 119,342 shares of the specialty chemicals company’s stock valued at $5,168,000 after acquiring an additional 76,867 shares during the last quarter. Finally, Evergreen Capital Management LLC purchased a new stake in LyondellBasell Industries during the fourth quarter valued at about $1,003,000. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Trading Up 2.2%

Shares of LYB opened at $63.76 on Friday. LyondellBasell Industries N.V. has a 12 month low of $41.58 and a 12 month high of $83.94. The stock’s 50-day moving average is $59.37 and its two-hundred day moving average is $64.55. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.64 and a quick ratio of 1.07. The stock has a market cap of $20.60 billion, a PE ratio of -56.42, a P/E/G ratio of 0.17 and a beta of 0.31.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.44 by $0.86. The business had revenue of $9.18 billion during the quarter, compared to analyst estimates of $9.21 billion. LyondellBasell Industries had a positive return on equity of 17.44% and a negative net margin of 1.13%.The company’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.62 earnings per share. Equities analysts forecast that LyondellBasell Industries N.V. will post 9.39 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Monday, August 24th. LyondellBasell Industries’s dividend payout ratio is currently -244.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on LYB shares. Deutsche Bank Aktiengesellschaft upped their price target on LyondellBasell Industries from $75.00 to $80.00 and gave the stock a “hold” rating in a research note on Tuesday, May 5th. Wall Street Zen upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Zacks Research downgraded shares of LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Mizuho raised their price target on shares of LyondellBasell Industries from $62.00 to $66.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Finally, JPMorgan Chase & Co. raised shares of LyondellBasell Industries from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $75.00 to $80.00 in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, LyondellBasell Industries presently has a consensus rating of “Hold” and an average price target of $72.56.

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.