Havemeyer Place LP Makes New $773,000 Investment in LyondellBasell Industries N.V. $LYB

Havemeyer Place LP purchased a new position in shares of LyondellBasell Industries N.V. (NYSE:LYB) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 17,855 shares of the specialty chemicals company’s stock, valued at approximately $773,000.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of LyondellBasell Industries by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 30,965,458 shares of the specialty chemicals company’s stock worth $1,518,546,000 after purchasing an additional 84,251 shares during the last quarter. State Street Corp boosted its stake in shares of LyondellBasell Industries by 2.1% during the 3rd quarter. State Street Corp now owns 13,182,950 shares of the specialty chemicals company’s stock worth $646,492,000 after acquiring an additional 267,799 shares during the period. Capital World Investors boosted its stake in shares of LyondellBasell Industries by 13.1% during the 3rd quarter. Capital World Investors now owns 9,807,743 shares of the specialty chemicals company’s stock worth $480,972,000 after acquiring an additional 1,135,258 shares during the period. Geode Capital Management LLC boosted its stake in shares of LyondellBasell Industries by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 6,937,351 shares of the specialty chemicals company’s stock worth $300,998,000 after acquiring an additional 305,519 shares during the period. Finally, Capital Research Global Investors boosted its stake in shares of LyondellBasell Industries by 470.1% during the 3rd quarter. Capital Research Global Investors now owns 4,389,442 shares of the specialty chemicals company’s stock worth $215,258,000 after acquiring an additional 3,619,468 shares during the period. Institutional investors and hedge funds own 71.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on LYB shares. Evercore lifted their target price on LyondellBasell Industries from $70.00 to $73.00 in a research note on Thursday, May 14th. KeyCorp upgraded LyondellBasell Industries from a “sector weight” rating to an “overweight” rating and set a $73.00 target price for the company in a research note on Wednesday, March 4th. Alembic Global Advisors upgraded LyondellBasell Industries from a “neutral” rating to an “overweight” rating in a research note on Thursday, April 9th. Weiss Ratings upgraded LyondellBasell Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 19th. Finally, Royal Bank Of Canada lifted their target price on LyondellBasell Industries from $91.00 to $94.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $76.71.

LyondellBasell Industries Stock Performance

LYB opened at $64.43 on Tuesday. The business has a fifty day simple moving average of $72.51 and a 200 day simple moving average of $60.08. The company has a market capitalization of $20.80 billion, a PE ratio of -25.87, a price-to-earnings-growth ratio of 0.15 and a beta of 0.28. LyondellBasell Industries N.V. has a 1 year low of $41.58 and a 1 year high of $83.94. 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 (NYSE:LYB) last released its quarterly earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.18. The business had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $7.53 billion. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.The firm’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 EPS. Research analysts expect that LyondellBasell Industries N.V. will post 8.73 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Monday, June 1st were given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Monday, June 1st. LyondellBasell Industries’s dividend payout ratio is presently -110.84%.

LyondellBasell Industries 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.