Compound Planning Inc. Takes Position in LyondellBasell Industries N.V. $LYB

Compound Planning Inc. purchased a new stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 11,632 shares of the specialty chemicals company’s stock, valued at approximately $937,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Jamison Private Wealth Management Inc. boosted its holdings in LyondellBasell Industries by 1.6% during the first quarter. Jamison Private Wealth Management Inc. now owns 10,915 shares of the specialty chemicals company’s stock worth $879,000 after buying an additional 172 shares in the last quarter. Investment Research Partners LLC boosted its stake in LyondellBasell Industries by 4.4% during the 4th quarter. Investment Research Partners LLC now owns 5,100 shares of the specialty chemicals company’s stock worth $221,000 after purchasing an additional 214 shares during the last quarter. Rothschild Investment LLC grew its holdings in shares of LyondellBasell Industries by 3.5% during the fourth quarter. Rothschild Investment LLC now owns 8,025 shares of the specialty chemicals company’s stock worth $347,000 after buying an additional 272 shares in the last quarter. Moors & Cabot Inc. raised its position in shares of LyondellBasell Industries by 5.6% in the third quarter. Moors & Cabot Inc. now owns 5,495 shares of the specialty chemicals company’s stock valued at $269,000 after buying an additional 293 shares during the last quarter. Finally, Vident Advisory LLC raised its position in shares of LyondellBasell Industries by 1.1% in the second quarter. Vident Advisory LLC now owns 26,406 shares of the specialty chemicals company’s stock valued at $1,528,000 after buying an additional 297 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Zacks Research downgraded LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. JPMorgan Chase & Co. upped their target price on LyondellBasell Industries from $50.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Alembic Global Advisors cut their target price on LyondellBasell Industries from $95.00 to $83.00 and set an “overweight” rating for the company in a research note on Thursday, July 2nd. 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 report on Tuesday, June 30th. Finally, Wolfe Research boosted their price target on shares of LyondellBasell Industries from $38.00 to $62.00 and gave the company an “underperform” rating in a research report on Tuesday, April 14th. One investment 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $71.94.

LyondellBasell Industries Trading Down 0.0%

NYSE LYB opened at $60.30 on Monday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.54. The firm has a market cap of $19.46 billion, a price-to-earnings ratio of -24.22, a PEG ratio of 0.20 and a beta of 0.32. The firm has a 50 day simple moving average of $61.65 and a 200-day simple moving average of $63.42. LyondellBasell Industries N.V. has a one year low of $41.58 and a one year high of $83.94.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 EPS for the quarter, topping 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 firm had revenue of $7.20 billion during the quarter, compared to analysts’ expectations of $7.53 billion. During the same period in the previous year, the firm posted $0.33 EPS. LyondellBasell Industries’s revenue for the quarter was down 6.3% on a year-over-year basis. Equities research analysts anticipate that LyondellBasell Industries N.V. will post 8.57 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Monday, June 1st were paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 4.6%. The ex-dividend date was Monday, June 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is currently -110.84%.

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.