LyondellBasell Industries N.V. $LYB Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 3.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 534,457 shares of the specialty chemicals company’s stock after acquiring an additional 16,168 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.17% of LyondellBasell Industries worth $26,210,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LYB. Vanguard Group Inc. lifted its holdings in 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 in the last quarter. Dodge & Cox raised its position in shares of 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 purchasing an additional 73,965 shares during the last quarter. State Street Corp raised its position in shares of LyondellBasell Industries by 4.1% during the 2nd quarter. State Street Corp now owns 12,915,151 shares of the specialty chemicals company’s stock worth $747,271,000 after purchasing an additional 514,057 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in 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 in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in LyondellBasell Industries by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 6,824,462 shares of the specialty chemicals company’s stock worth $395,486,000 after buying an additional 24,161 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Analyst Ratings Changes

LYB has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, November 3rd. Evercore dropped their price target on LyondellBasell Industries from $65.00 to $57.00 and set an “in-line” rating for the company in a research report on Tuesday, November 11th. Citigroup raised their price objective on LyondellBasell Industries from $46.00 to $49.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. UBS Group lowered their target price on shares of LyondellBasell Industries from $41.00 to $38.00 and set a “sell” rating on the stock in a research note on Tuesday, December 23rd. Finally, Vertical Research cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $48.00 target price for the company. in a research report on Wednesday, January 7th. One research 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. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $51.12.

LyondellBasell Industries Stock Performance

NYSE LYB opened at $57.51 on Monday. 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 stock’s fifty day moving average is $50.94 and its two-hundred day moving average is $49.43. The firm has a market capitalization of $18.53 billion, a P/E ratio of -24.68, a price-to-earnings-growth ratio of 0.41 and a beta of 0.64. LyondellBasell Industries N.V. has a fifty-two week low of $41.58 and a fifty-two week high of $78.41.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results 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). LyondellBasell Industries had a positive return on equity of 4.93% and a negative net margin of 2.46%.The company had revenue of $7.09 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the prior year, the firm earned $0.75 EPS. The firm’s revenue was down 9.2% on a year-over-year basis. On average, research analysts anticipate that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 9th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.69 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $2.76 dividend on an annualized basis and a yield of 4.8%. LyondellBasell Industries’s payout ratio is -235.19%.

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.