Advisors Asset Management Inc. Increases Position in LyondellBasell Industries N.V. $LYB

Advisors Asset Management Inc. grew its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 22.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 60,287 shares of the specialty chemicals company’s stock after purchasing an additional 10,872 shares during the period. Advisors Asset Management Inc.’s holdings in LyondellBasell Industries were worth $2,956,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bank of Montreal Can lifted its stake in shares of LyondellBasell Industries by 2.4% in the second quarter. Bank of Montreal Can now owns 651,236 shares of the specialty chemicals company’s stock worth $37,681,000 after buying an additional 15,264 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in LyondellBasell Industries by 62.2% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 42,321 shares of the specialty chemicals company’s stock valued at $2,583,000 after acquiring an additional 16,234 shares in the last quarter. Kingsview Wealth Management LLC boosted its stake in LyondellBasell Industries by 375.1% during the 2nd quarter. Kingsview Wealth Management LLC now owns 18,007 shares of the specialty chemicals company’s stock valued at $1,042,000 after purchasing an additional 14,217 shares during the last quarter. Hosking Partners LLP raised its stake in shares of LyondellBasell Industries by 33.3% in the third quarter. Hosking Partners LLP now owns 595,587 shares of the specialty chemicals company’s stock worth $29,208,000 after purchasing an additional 148,673 shares during the last quarter. Finally, Norges Bank bought a new position in shares of LyondellBasell Industries during the second quarter valued at $280,000,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on LYB. Wolfe Research reduced their price objective on LyondellBasell Industries from $39.00 to $38.00 and set an “underperform” rating for the company in a report on Monday, February 2nd. Evercore reduced their price target on shares of LyondellBasell Industries from $65.00 to $57.00 and set an “in-line” rating for the company in a research note on Tuesday, November 11th. Vertical Research downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $48.00 price objective on the stock. in a research report on Wednesday, January 7th. Royal Bank Of Canada raised their target price on shares of LyondellBasell Industries from $49.00 to $51.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 3rd. Finally, Wells Fargo & Company boosted their target price on shares of LyondellBasell Industries from $45.00 to $48.00 and gave the company an “equal weight” rating in a research note on Monday, February 2nd. One investment analyst has rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $51.00.

LyondellBasell Industries Price Performance

NYSE LYB opened at $57.54 on Friday. The business’s fifty day moving average is $48.31 and its 200 day moving average is $49.13. LyondellBasell Industries N.V. has a fifty-two week low of $41.58 and a fifty-two week high of $78.52. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.20 and a current ratio of 1.77. The company has a market capitalization of $18.52 billion, a PE ratio of -24.70, a price-to-earnings-growth ratio of 0.39 and a beta of 0.70.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.44). LyondellBasell Industries had a positive return on equity of 4.94% and a negative net margin of 2.46%.The company had revenue of $7.09 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the previous year, the company earned $0.75 EPS. The business’s quarterly revenue was down 9.2% compared to the same quarter last year. Sell-side analysts predict that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, December 1st were paid a dividend of $1.37 per share. The ex-dividend date was Monday, December 1st. This represents a $5.48 dividend on an annualized basis and a yield of 9.5%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -235.19%.

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.