Royal Fund Management LLC Has $2.26 Million Stake in LyondellBasell Industries N.V. $LYB

Royal Fund Management LLC boosted its position in LyondellBasell Industries N.V. (NYSE:LYB) by 97.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,000 shares of the specialty chemicals company’s stock after purchasing an additional 13,800 shares during the period. Royal Fund Management LLC’s holdings in LyondellBasell Industries were worth $2,256,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in LYB. State Street Corp increased its stake in shares of LyondellBasell Industries by 2.7% in the fourth quarter. State Street Corp now owns 13,544,711 shares of the specialty chemicals company’s stock valued at $586,486,000 after buying an additional 361,761 shares during the period. Charles Schwab Investment Management Inc. increased its position in LyondellBasell Industries by 4.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,102,068 shares of the specialty chemicals company’s stock valued at $437,420,000 after acquiring an additional 399,130 shares during the period. Capital World Investors increased its position in LyondellBasell Industries by 0.4% in the 4th quarter. Capital World Investors now owns 9,843,930 shares of the specialty chemicals company’s stock valued at $426,242,000 after acquiring an additional 36,187 shares during the period. Capital Research Global Investors raised its stake in shares of LyondellBasell Industries by 108.7% during the fourth quarter. Capital Research Global Investors now owns 9,159,702 shares of the specialty chemicals company’s stock valued at $396,615,000 after acquiring an additional 4,770,260 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in shares of LyondellBasell Industries by 16.9% during the fourth quarter. Morgan Stanley now owns 8,971,741 shares of the specialty chemicals company’s stock worth $388,476,000 after purchasing an additional 1,300,271 shares during the period. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Up 3.9%

Shares of NYSE LYB opened at $60.50 on Thursday. The firm has a market cap of $19.53 billion, a PE ratio of -24.30, a P/E/G ratio of 0.19 and a beta of 0.32. The company’s fifty day simple moving average is $60.83 and its 200 day simple moving average is $63.69. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 1.12. LyondellBasell Industries N.V. has a 12-month low of $41.58 and a 12-month high of $83.94.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 EPS for the quarter, beating the consensus estimate 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 company had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $7.53 billion. During the same period last year, the business posted $0.33 EPS. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, sell-side analysts forecast that LyondellBasell Industries N.V. will post 8.57 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Monday, June 1st were paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Monday, June 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is -110.84%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Royal Bank Of Canada decreased their price objective on LyondellBasell Industries from $94.00 to $65.00 and set an “outperform” rating for the company in a report on Wednesday, July 1st. Bank of America cut their target price on LyondellBasell Industries from $68.00 to $48.00 and set an “underperform” rating on the stock in a report on Tuesday, June 30th. Weiss Ratings cut LyondellBasell Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, June 24th. JPMorgan Chase & Co. raised their price objective on LyondellBasell Industries from $50.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Finally, Wall Street Zen cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $71.94.

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.