ABN Amro Investment Solutions Makes New Investment in LyondellBasell Industries N.V. $LYB

ABN Amro Investment Solutions acquired a new stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 9,117 shares of the specialty chemicals company’s stock, valued at approximately $734,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Clearstead Advisors LLC raised its stake in LyondellBasell Industries by 140.3% in the 4th 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 during the last quarter. ORG Partners LLC boosted its stake in shares of LyondellBasell Industries by 960.0% during the 4th quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 624 shares during the last quarter. Quarry LP purchased a new stake in shares of LyondellBasell Industries during the third quarter worth about $31,000. Key Capital Management INC acquired a new position in shares of LyondellBasell Industries in the fourth quarter valued at approximately $34,000. Finally, Fideuram Asset Management Ireland dac acquired a new position in shares of LyondellBasell Industries in the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Wall Street Analyst Weigh In

LYB has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised their target price on shares of LyondellBasell Industries from $50.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Wall Street Zen downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Monday, July 13th. Bank of America reduced their price target on LyondellBasell Industries from $68.00 to $48.00 and set an “underperform” rating on the stock in a research note on Tuesday, June 30th. Jefferies Financial Group lifted their price objective on LyondellBasell Industries from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, April 16th. Finally, Citigroup dropped their target price on LyondellBasell Industries from $80.00 to $67.00 and set a “buy” rating for the company in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $71.94.

LyondellBasell Industries Stock Performance

NYSE LYB opened at $60.30 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.54 and a quick ratio of 1.03. LyondellBasell Industries N.V. has a 1-year low of $41.58 and a 1-year high of $83.94. The firm has a market capitalization of $19.46 billion, a P/E ratio of -24.22, a P/E/G ratio of 0.20 and a beta of 0.32. The business’s 50-day simple moving average is $61.65 and its 200-day simple moving average is $63.30.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $7.53 billion. During the same period in the previous year, the firm earned $0.33 earnings per share. LyondellBasell Industries’s revenue for the quarter was down 6.3% on a year-over-year basis. Equities analysts predict that LyondellBasell Industries N.V. will post 8.57 EPS for the current year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Monday, June 1st were given 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 yield of 4.6%. LyondellBasell Industries’s payout ratio is -110.84%.

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.