Fideuram Intesa Sanpaolo Private Banking S.P.A. Makes New $1.84 Million Investment in LyondellBasell Industries N.V. $LYB

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in LyondellBasell Industries N.V. (NYSE:LYB) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 22,818 shares of the specialty chemicals company’s stock, valued at approximately $1,838,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Stance Capital LLC purchased a new stake in shares of LyondellBasell Industries during the 3rd quarter worth $27,000. Clearstead Advisors LLC increased its holdings in LyondellBasell Industries by 140.3% in the fourth quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company’s stock valued at $29,000 after buying an additional 390 shares during the last quarter. ORG Partners LLC increased its holdings in 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 buying an additional 624 shares during the last quarter. Quarry LP acquired a new stake in LyondellBasell Industries in the third quarter valued at $31,000. Finally, Key Capital Management INC acquired a new stake in LyondellBasell Industries in the fourth quarter valued at $34,000. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LYB has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft upped 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. Fermium Researc raised LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 9th. Evercore boosted their target price on LyondellBasell Industries from $70.00 to $73.00 in a research note on Thursday, May 14th. Citigroup lowered their price target on LyondellBasell Industries from $80.00 to $67.00 and set a “buy” rating for the company in a report on Wednesday, June 24th. Finally, Mizuho dropped their price target on shares of LyondellBasell Industries from $76.00 to $62.00 and set a “neutral” rating on the stock in a research note on Wednesday. One investment 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $73.56.

LyondellBasell Industries Stock Performance

NYSE LYB opened at $53.37 on Friday. The company has a fifty day moving average of $66.09 and a two-hundred day moving average of $61.73. The company has a market capitalization of $17.23 billion, a PE ratio of -21.44, a P/E/G ratio of 0.18 and a beta of 0.32. LyondellBasell Industries N.V. has a 1 year low of $41.58 and a 1 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.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 EPS for the quarter, topping 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 business had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $7.53 billion. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The business’s revenue was down 6.3% compared to the same quarter last year. As a group, analysts expect that LyondellBasell Industries N.V. will post 8.58 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Monday, June 1st were given a dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.76 annualized dividend and a yield of 5.2%. LyondellBasell Industries’s payout ratio is -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.