Quantitative Investment Management LLC Acquires New Shares in LyondellBasell Industries N.V. $LYB

Quantitative Investment Management LLC bought a new stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 97,365 shares of the specialty chemicals company’s stock, valued at approximately $5,126,000.

A number of other large investors have also recently made changes to their positions in LYB. Jamison Private Wealth Management Inc. raised its stake in shares of LyondellBasell Industries by 1.6% during the 1st quarter. Jamison Private Wealth Management Inc. now owns 10,915 shares of the specialty chemicals company’s stock valued at $879,000 after purchasing an additional 172 shares during the period. Investment Research Partners LLC grew its holdings in LyondellBasell Industries by 4.4% during the 4th quarter. Investment Research Partners LLC now owns 5,100 shares of the specialty chemicals company’s stock valued at $221,000 after buying an additional 214 shares in the last quarter. Ipsen Advisor Group LLC increased its position in shares of LyondellBasell Industries by 2.4% during the first quarter. Ipsen Advisor Group LLC now owns 9,359 shares of the specialty chemicals company’s stock valued at $754,000 after buying an additional 216 shares during the period. Rothschild Investment LLC increased its position in shares of LyondellBasell Industries by 3.5% during the fourth quarter. Rothschild Investment LLC now owns 8,025 shares of the specialty chemicals company’s stock valued at $347,000 after buying an additional 272 shares during the period. Finally, Moors & Cabot Inc. lifted its holdings in shares of LyondellBasell Industries by 5.6% in the third quarter. Moors & Cabot Inc. now owns 5,495 shares of the specialty chemicals company’s stock worth $269,000 after buying an additional 293 shares in the last quarter. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Trading Up 0.0%

Shares of LYB opened at $63.69 on Monday. The firm’s 50 day simple moving average is $59.79 and its 200 day simple moving average is $65.52. The company has a market capitalization of $20.57 billion, a P/E ratio of -56.36, a P/E/G ratio of 0.17 and a beta of 0.31. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.64 and a quick ratio of 1.07. LyondellBasell Industries N.V. has a 1-year low of $41.58 and a 1-year high of $83.94.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 EPS for the quarter, topping analysts’ consensus estimates of $3.44 by $0.86. The business had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $9.21 billion. LyondellBasell Industries had a negative net margin of 1.13% and a positive return on equity of 17.44%. The business’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.62 EPS. Sell-side analysts forecast that LyondellBasell Industries N.V. will post 9.2 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on LYB shares. Alembic Global Advisors reduced their price objective on shares of LyondellBasell Industries from $95.00 to $83.00 and set an “overweight” rating for the company in a research note on Thursday, July 2nd. Weiss Ratings downgraded shares of LyondellBasell Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday. Zacks Research lowered shares of LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. UBS Group upped their price target on shares of LyondellBasell Industries from $56.00 to $64.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on LyondellBasell Industries from $75.00 to $80.00 and gave the stock a “hold” rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, LyondellBasell Industries currently has a consensus rating of “Hold” and a consensus price target of $72.56.

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.