LyondellBasell Industries N.V. $LYB Shares Purchased by CenterBook Partners LP

CenterBook Partners LP grew its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 73.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 81,540 shares of the specialty chemicals company’s stock after purchasing an additional 34,436 shares during the quarter. CenterBook Partners LP’s holdings in LyondellBasell Industries were worth $3,999,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in LYB. NEOS Investment Management LLC grew its stake in LyondellBasell Industries by 50.8% during the 3rd quarter. NEOS Investment Management LLC now owns 26,028 shares of the specialty chemicals company’s stock worth $1,276,000 after purchasing an additional 8,766 shares in the last quarter. GSA Capital Partners LLP raised its position in LyondellBasell Industries by 22.5% in the 3rd quarter. GSA Capital Partners LLP now owns 7,146 shares of the specialty chemicals company’s stock valued at $350,000 after purchasing an additional 1,313 shares in the last quarter. Guidance Capital Inc. grew its position in shares of LyondellBasell Industries by 13.3% during the third quarter. Guidance Capital Inc. now owns 17,388 shares of the specialty chemicals company’s stock worth $828,000 after buying an additional 2,041 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of LyondellBasell Industries by 0.3% during the third quarter. Vanguard Group Inc. now owns 30,965,458 shares of the specialty chemicals company’s stock worth $1,518,546,000 after buying an additional 84,251 shares during the period. Finally, Smithfield Trust Co raised its holdings in LyondellBasell Industries by 1,017.8% in the third quarter. Smithfield Trust Co now owns 1,509 shares of the specialty chemicals company’s stock valued at $73,000 after acquiring an additional 1,374 shares in the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Up 0.1%

LYB opened at $56.04 on Thursday. LyondellBasell Industries N.V. has a one year low of $41.58 and a one year high of $78.41. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.20 and a current ratio of 1.77. The stock has a market capitalization of $18.04 billion, a P/E ratio of -24.05, a price-to-earnings-growth ratio of 0.38 and a beta of 0.70. The business’s 50-day simple moving average is $49.10 and its 200-day simple moving average is $49.13.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.44). The firm had revenue of $7.09 billion for the quarter, compared to analysts’ expectations of $6.82 billion. LyondellBasell Industries had a positive return on equity of 4.94% and a negative net margin of 2.46%.The company’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.75 EPS. Analysts anticipate that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, December 1st were given a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a yield of 9.8%. The ex-dividend date of this dividend was Monday, December 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -235.19%.

Analyst Ratings Changes

Several research analysts have commented on LYB shares. Royal Bank Of Canada boosted their price target on shares of LyondellBasell Industries from $49.00 to $51.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 3rd. KeyCorp reiterated a “sector weight” rating on shares of LyondellBasell Industries in a research note on Monday, February 2nd. Vertical Research cut LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $48.00 price target on the stock. in a research note on Wednesday, January 7th. JPMorgan Chase & Co. decreased their price target on LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, November 3rd. Finally, UBS Group dropped their price objective on LyondellBasell Industries from $41.00 to $38.00 and set a “sell” rating on the stock in a report on Tuesday, December 23rd. One research analyst has rated the stock with a Buy rating, seventeen have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $51.00.

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.