Russell Investments Group Ltd. Has $22.19 Million Stock Holdings in LyondellBasell Industries N.V. $LYB

Russell Investments Group Ltd. grew its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 130.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 420,894 shares of the specialty chemicals company’s stock after purchasing an additional 237,950 shares during the quarter. Russell Investments Group Ltd.’s holdings in LyondellBasell Industries were worth $22,187,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Capital Research Global Investors raised its holdings in shares of LyondellBasell Industries by 108.7% during the 4th quarter. Capital Research Global Investors now owns 9,159,702 shares of the specialty chemicals company’s stock valued at $396,615,000 after purchasing an additional 4,770,260 shares in the last quarter. AQR Capital Management LLC boosted its holdings in LyondellBasell Industries by 512.9% in the fourth quarter. AQR Capital Management LLC now owns 3,093,318 shares of the specialty chemicals company’s stock worth $133,941,000 after purchasing an additional 2,588,636 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in LyondellBasell Industries by 5,451.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,457,591 shares of the specialty chemicals company’s stock worth $63,114,000 after purchasing an additional 1,431,334 shares in the last quarter. Morgan Stanley increased its position in 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 buying an additional 1,300,271 shares during the last quarter. Finally, Norges Bank acquired a new position in LyondellBasell Industries during the fourth quarter worth $52,210,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Stock Up 2.2%

NYSE LYB opened at $63.76 on Friday. LyondellBasell Industries N.V. has a twelve month low of $41.58 and a twelve month high of $83.94. The stock has a market cap of $20.60 billion, a PE ratio of -56.42, a PEG ratio of 0.17 and a beta of 0.31. The firm has a 50-day simple moving average of $59.37 and a 200 day simple moving average of $64.55. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.07 and a current ratio of 1.64.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.44 by $0.86. The firm had revenue of $9.18 billion for the quarter, compared to analyst estimates of $9.21 billion. LyondellBasell Industries had a positive return on equity of 17.44% and a negative net margin of 1.13%.The company’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.62 earnings per share. On average, research analysts forecast that LyondellBasell Industries N.V. will post 9.39 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, August 24th. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -244.25%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on LYB shares. Royal Bank Of Canada boosted their price target on LyondellBasell Industries from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft increased their price objective on LyondellBasell Industries from $75.00 to $80.00 and gave the company a “hold” rating in a report on Tuesday, May 5th. Morgan Stanley cut their price objective on LyondellBasell Industries from $77.00 to $72.00 and set an “overweight” rating on the stock in a research note on Monday, July 20th. BMO Capital Markets upped their target price on LyondellBasell Industries from $64.00 to $68.00 and gave the stock a “market perform” rating in a research report on Monday, August 3rd. Finally, Mizuho increased their price target on LyondellBasell Industries from $62.00 to $66.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. One 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $72.56.

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.