LyondellBasell Industries N.V. $LYB Holdings Raised by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in LyondellBasell Industries N.V. (NYSE:LYB) by 9.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 634,322 shares of the specialty chemicals company’s stock after buying an additional 55,869 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in LyondellBasell Industries were worth $33,397,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LYB. Oxbow Advisors LLC bought a new stake in LyondellBasell Industries during the 4th quarter worth approximately $4,616,000. Swedbank AB grew its holdings in LyondellBasell Industries by 16.0% during the fourth quarter. Swedbank AB now owns 242,726 shares of the specialty chemicals company’s stock valued at $10,510,000 after purchasing an additional 33,399 shares during the period. Tejara Capital Ltd bought a new stake in LyondellBasell Industries in the fourth quarter valued at approximately $1,425,000. Evergreen Capital Management LLC acquired a new stake in LyondellBasell Industries in the fourth quarter worth $1,003,000. Finally, Capital World Investors boosted its position in shares of LyondellBasell Industries by 0.4% during the fourth quarter. Capital World Investors now owns 9,843,930 shares of the specialty chemicals company’s stock worth $426,242,000 after purchasing an additional 36,187 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on LYB shares. JPMorgan Chase & Co. upgraded shares of LyondellBasell Industries from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $75.00 to $80.00 in a research report on Monday, August 3rd. BMO Capital Markets increased their price target on LyondellBasell Industries from $64.00 to $68.00 and gave the stock a “market perform” rating in a report on Monday, August 3rd. Weiss Ratings raised LyondellBasell Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, August 3rd. UBS Group lifted their price objective on LyondellBasell Industries from $56.00 to $64.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Finally, Morgan Stanley lowered their target price on LyondellBasell Industries from $77.00 to $72.00 and set an “overweight” rating for the company in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $72.56.

LyondellBasell Industries Stock Performance

Shares of LYB stock opened at $68.23 on Friday. The company has a fifty day moving average price of $59.53 and a two-hundred day moving average price of $65.11. LyondellBasell Industries N.V. has a one year low of $41.58 and a one year high of $83.94. The stock has a market cap of $22.04 billion, a P/E ratio of -60.38, a P/E/G ratio of 0.18 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 (NYSE:LYB) last issued 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. LyondellBasell Industries had a negative net margin of 1.13% and a positive return on equity of 17.44%. The company had revenue of $9.18 billion for the quarter, compared to analysts’ expectations of $9.21 billion. During the same period in the prior year, the firm earned $0.62 EPS. LyondellBasell Industries’s quarterly revenue was up 19.8% compared to the same quarter last year. As a group, equities analysts predict that LyondellBasell Industries N.V. will post 9.39 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Monday, August 24th. LyondellBasell Industries’s payout ratio is currently -244.25%.

About LyondellBasell Industries

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.