Retirement Planning Group LLC Invests $1.29 Million in LyondellBasell Industries N.V. $LYB

Retirement Planning Group LLC purchased a new stake in LyondellBasell Industries N.V. (NYSE:LYB) in the first quarter, Holdings Channel reports. The institutional investor purchased 16,066 shares of the specialty chemicals company’s stock, valued at approximately $1,294,000.

Several other hedge funds also recently modified their holdings of LYB. Stance Capital LLC acquired a new position in LyondellBasell Industries in the 3rd quarter worth about $27,000. Clearstead Advisors LLC boosted its stake in shares of LyondellBasell Industries by 140.3% during the fourth quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 390 shares in the last quarter. ORG Partners LLC boosted its stake in shares of LyondellBasell Industries by 960.0% during the fourth quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock valued at $30,000 after purchasing an additional 624 shares in the last quarter. Quarry LP bought a new stake in shares of LyondellBasell Industries during the third quarter worth about $31,000. Finally, Key Capital Management INC acquired a new position in shares of LyondellBasell Industries in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on LYB shares. Alembic Global Advisors dropped their price objective on shares of LyondellBasell Industries from $95.00 to $83.00 and set an “overweight” rating for the company in a report on Thursday, July 2nd. Wells Fargo & Company upgraded shares of LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $80.00 to $98.00 in a research report on Thursday, May 28th. JPMorgan Chase & Co. raised their price target on shares of LyondellBasell Industries from $50.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Evercore lifted their price target on shares of LyondellBasell Industries from $70.00 to $73.00 in a report on Thursday, May 14th. Finally, Citigroup reduced their price objective on shares of LyondellBasell Industries from $80.00 to $67.00 and set a “buy” rating on the stock in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, LyondellBasell Industries has an average rating of “Hold” and a consensus price target of $72.22.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock opened at $58.63 on Wednesday. The stock has a market capitalization of $18.93 billion, a price-to-earnings ratio of -23.55, a PEG ratio of 0.18 and a beta of 0.32. LyondellBasell Industries N.V. has a 52-week low of $41.58 and a 52-week high of $83.94. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.54. The stock’s 50 day moving average price is $63.75 and its two-hundred day moving average price is $62.49.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.18. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The company had revenue of $7.20 billion during the quarter, compared to analyst estimates of $7.53 billion. During the same quarter in the previous year, the business posted $0.33 EPS. LyondellBasell Industries’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, equities analysts predict that LyondellBasell Industries N.V. will post 9.07 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Monday, June 1st were issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date was Monday, June 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -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.