Flax Pond Capital LLC Buys Shares of 80,686 LyondellBasell Industries N.V. $LYB

Flax Pond Capital LLC bought a new stake in LyondellBasell Industries N.V. (NYSE:LYB) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 80,686 shares of the specialty chemicals company’s stock, valued at approximately $3,494,000. LyondellBasell Industries accounts for approximately 2.6% of Flax Pond Capital LLC’s investment portfolio, making the stock its 16th largest position.

Other hedge funds have also made changes to their positions in the company. Stance Capital LLC purchased a new position in LyondellBasell Industries during the third quarter valued at approximately $27,000. Quarry LP purchased a new position in shares of LyondellBasell Industries during the 3rd quarter valued at $31,000. Clearstead Advisors LLC increased its stake in shares of LyondellBasell Industries by 140.3% in the fourth quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company’s stock worth $29,000 after acquiring an additional 390 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of LyondellBasell Industries during the second quarter worth $39,000. Finally, ORG Partners LLC boosted its position in LyondellBasell Industries by 960.0% during the fourth quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock valued at $30,000 after purchasing an additional 624 shares during the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Trading Down 0.2%

Shares of NYSE:LYB opened at $59.96 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.03 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $19.35 billion, a PE ratio of -24.08, a P/E/G ratio of 0.14 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 firm has a fifty day moving average price of $69.53 and a 200 day moving average price of $61.02.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.18. The company had revenue of $7.20 billion for the quarter, compared to analyst estimates of $7.53 billion. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.The business’s revenue was down 6.3% compared to the same quarter last year. During the same period last year, the company earned $0.33 earnings per share. Analysts expect that LyondellBasell Industries N.V. will post 8.73 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Monday, June 1st were issued 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 -110.84%.

Analysts Set New Price Targets

LYB has been the topic of several research reports. Evercore upped their target price on LyondellBasell Industries from $70.00 to $73.00 in a research report on Thursday, May 14th. The Goldman Sachs Group lifted their price target on LyondellBasell Industries from $51.00 to $75.00 and gave the company a “sell” rating in a report on Monday, May 4th. Vertical Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Monday, March 9th. Deutsche Bank Aktiengesellschaft increased their price objective on LyondellBasell Industries from $75.00 to $80.00 and gave the stock a “hold” rating in a report on Tuesday, May 5th. Finally, UBS Group cut their price objective on shares of LyondellBasell Industries from $82.00 to $73.00 and set a “neutral” rating on the stock in a research report on Friday, June 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, LyondellBasell Industries currently has an average rating of “Hold” and an average price target of $76.71.

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.