Swiss National Bank Acquires 50,600 Shares of LyondellBasell Industries N.V. $LYB

Swiss National Bank increased its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 7.2% during the first quarter, Holdings Channel reports. The fund owned 755,700 shares of the specialty chemicals company’s stock after acquiring an additional 50,600 shares during the quarter. Swiss National Bank’s holdings in LyondellBasell Industries were worth $60,879,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. State Street Corp lifted its holdings in LyondellBasell Industries by 2.7% during the 4th quarter. State Street Corp now owns 13,544,711 shares of the specialty chemicals company’s stock valued at $586,486,000 after purchasing an additional 361,761 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of LyondellBasell Industries by 4.1% in the fourth 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 purchasing an additional 399,130 shares during the last quarter. Capital World Investors increased its holdings in shares of LyondellBasell Industries by 0.4% in the fourth quarter. Capital World Investors now owns 9,843,930 shares of the specialty chemicals company’s stock valued at $426,242,000 after purchasing an additional 36,187 shares during the last quarter. Capital Research Global Investors raised its position in shares of LyondellBasell Industries by 108.7% in 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 purchasing an additional 4,770,260 shares during the period. Finally, Morgan Stanley raised its position in shares of LyondellBasell Industries by 16.9% in the fourth quarter. Morgan Stanley now owns 8,971,741 shares of the specialty chemicals company’s stock valued at $388,476,000 after purchasing an additional 1,300,271 shares during the period. Institutional investors own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on LYB shares. Deutsche Bank Aktiengesellschaft lifted their target price on shares of LyondellBasell Industries from $75.00 to $80.00 and gave the stock a “hold” rating in a report on Tuesday, May 5th. Jefferies Financial Group raised their price objective on shares of LyondellBasell Industries from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, April 16th. BMO Capital Markets reduced their price objective on LyondellBasell Industries from $88.00 to $64.00 and set a “market perform” rating for the company in a report on Monday, July 6th. Zacks Research downgraded LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Finally, Wolfe Research increased their target price on LyondellBasell Industries from $38.00 to $62.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 14th. One 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $71.94.

LyondellBasell Industries Trading Up 0.8%

LYB stock opened at $61.19 on Wednesday. LyondellBasell Industries N.V. has a 52 week low of $41.58 and a 52 week high of $83.94. The company has a market capitalization of $19.75 billion, a PE ratio of -24.58, a price-to-earnings-growth ratio of 0.19 and a beta of 0.32. The company’s 50-day simple moving average is $62.40 and its 200 day simple moving average is $63.06. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.54.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.18. The business had revenue of $7.20 billion during the quarter, compared to analysts’ expectations of $7.53 billion. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The business’s revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.33 EPS. As a group, sell-side analysts anticipate that LyondellBasell Industries N.V. will post 9.07 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Monday, June 1st were issued a dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.76 annualized dividend and a dividend yield of 4.5%. LyondellBasell Industries’s dividend payout ratio (DPR) is currently -110.84%.

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.