Muhlenkamp & Co. Inc. Invests $9.03 Million in LyondellBasell Industries N.V. $LYB

Muhlenkamp & Co. Inc. acquired a new stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 184,075 shares of the specialty chemicals company’s stock, valued at approximately $9,027,000. LyondellBasell Industries accounts for about 2.5% of Muhlenkamp & Co. Inc.’s investment portfolio, making the stock its 19th biggest holding. Muhlenkamp & Co. Inc. owned approximately 0.06% of LyondellBasell Industries at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in LYB. New York Life Investment Management LLC lifted its position in LyondellBasell Industries by 0.5% in the 2nd quarter. New York Life Investment Management LLC now owns 38,521 shares of the specialty chemicals company’s stock valued at $2,229,000 after purchasing an additional 193 shares during the last quarter. State of Michigan Retirement System increased its stake in shares of LyondellBasell Industries by 0.3% in the second quarter. State of Michigan Retirement System now owns 78,165 shares of the specialty chemicals company’s stock valued at $4,523,000 after purchasing an additional 200 shares during the period. Cooper Financial Group raised its holdings in shares of LyondellBasell Industries by 4.3% during the third quarter. Cooper Financial Group now owns 5,146 shares of the specialty chemicals company’s stock valued at $252,000 after buying an additional 211 shares during the last quarter. Capital Investment Advisory Services LLC boosted its position in shares of LyondellBasell Industries by 2.5% during the third quarter. Capital Investment Advisory Services LLC now owns 9,345 shares of the specialty chemicals company’s stock worth $458,000 after buying an additional 226 shares during the period. Finally, U.S. Capital Wealth Advisors LLC grew its holdings in LyondellBasell Industries by 1.4% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 18,020 shares of the specialty chemicals company’s stock worth $884,000 after buying an additional 241 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Stock Up 0.1%

LYB stock opened at $56.04 on Thursday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.77 and a quick ratio of 1.20. The firm has a market cap of $18.04 billion, a PE ratio of -24.05, a P/E/G ratio of 0.38 and a beta of 0.70. LyondellBasell Industries N.V. has a 12 month low of $41.58 and a 12 month high of $78.41. The firm has a 50 day simple moving average of $49.10 and a 200 day simple moving average of $49.13.

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

LyondellBasell Industries Announces Dividend

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

Wall Street Analysts Forecast Growth

LYB has been the topic of several recent analyst reports. KeyCorp reaffirmed a “sector weight” rating on shares of LyondellBasell Industries in a research note on Monday, February 2nd. Mizuho lifted their price objective on shares of LyondellBasell Industries from $49.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Jefferies Financial Group decreased their target price on shares of LyondellBasell Industries from $50.00 to $46.00 and set a “hold” rating for the company in a research report on Monday, December 8th. JPMorgan Chase & Co. lowered their target price on shares of LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Finally, Wells Fargo & Company upped their price target on shares of LyondellBasell Industries from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, LyondellBasell Industries presently has a consensus rating of “Reduce” and a consensus price target of $51.00.

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.