AXQ Capital LP Purchases New Shares in LyondellBasell Industries N.V. $LYB

AXQ Capital LP acquired a new position in shares of LyondellBasell Industries N.V. (NYSE:LYB) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,140 shares of the specialty chemicals company’s stock, valued at approximately $595,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of LyondellBasell Industries by 0.3% during the third quarter. Vanguard Group Inc. now owns 30,965,458 shares of the specialty chemicals company’s stock valued at $1,518,546,000 after purchasing an additional 84,251 shares during the last quarter. Dodge & Cox lifted its holdings in LyondellBasell Industries by 0.4% during the 2nd quarter. Dodge & Cox now owns 16,969,997 shares of the specialty chemicals company’s stock worth $981,884,000 after buying an additional 73,965 shares in the last quarter. State Street Corp boosted its position in LyondellBasell Industries by 4.1% in the 2nd quarter. State Street Corp now owns 12,915,151 shares of the specialty chemicals company’s stock valued at $747,271,000 after buying an additional 514,057 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of LyondellBasell Industries by 2.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 9,476,600 shares of the specialty chemicals company’s stock valued at $548,316,000 after buying an additional 237,038 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of LyondellBasell Industries by 0.4% during the second quarter. Geode Capital Management LLC now owns 6,824,462 shares of the specialty chemicals company’s stock worth $395,486,000 after acquiring an additional 24,161 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Trading Up 3.0%

Shares of NYSE LYB opened at $58.37 on Wednesday. LyondellBasell Industries N.V. has a twelve month low of $41.58 and a twelve month high of $78.41. The stock has a market cap of $18.81 billion, a price-to-earnings ratio of -25.05, a P/E/G ratio of 0.39 and a beta of 0.70. The company has a quick ratio of 1.20, a current ratio of 1.77 and a debt-to-equity ratio of 1.20. The company’s fifty day moving average is $50.12 and its 200-day moving average is $49.30.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, January 30th. The specialty chemicals company reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.44). The business had revenue of $7.09 billion for the quarter, compared to analyst estimates of $6.82 billion. LyondellBasell Industries had a positive return on equity of 4.93% and a negative net margin of 2.46%.The business’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.75 EPS. Equities research analysts predict that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 9th. Stockholders of record on Monday, March 2nd will be issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Monday, March 2nd. LyondellBasell Industries’s payout ratio is -235.19%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Citigroup raised their price target on LyondellBasell Industries from $46.00 to $49.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. The Goldman Sachs Group reaffirmed a “sell” rating on shares of LyondellBasell Industries in a research note on Monday, February 2nd. JPMorgan Chase & Co. lowered their price target on shares of LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Evercore cut their price objective on shares of LyondellBasell Industries from $65.00 to $57.00 and set an “in-line” rating on the stock in a report on Tuesday, November 11th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of LyondellBasell Industries in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, seventeen have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $51.12.

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.