Citizens Financial Group Inc. RI Increases Position in LyondellBasell Industries N.V. $LYB

Citizens Financial Group Inc. RI increased its position in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 232.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,208 shares of the specialty chemicals company’s stock after purchasing an additional 7,841 shares during the period. Citizens Financial Group Inc. RI’s holdings in LyondellBasell Industries were worth $590,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of LYB. Oxbow Advisors LLC purchased a new stake in shares of LyondellBasell Industries during the fourth quarter worth about $4,616,000. Swedbank AB lifted its holdings in LyondellBasell Industries by 16.0% in the 4th quarter. Swedbank AB now owns 242,726 shares of the specialty chemicals company’s stock worth $10,510,000 after purchasing an additional 33,399 shares in the last quarter. Tejara Capital Ltd bought a new position in LyondellBasell Industries in the 4th quarter worth approximately $1,425,000. Capital World Investors boosted its stake in LyondellBasell Industries by 0.4% in the 4th quarter. Capital World Investors now owns 9,843,930 shares of the specialty chemicals company’s stock worth $426,242,000 after purchasing an additional 36,187 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in LyondellBasell Industries by 130.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 420,894 shares of the specialty chemicals company’s stock valued at $22,187,000 after buying an additional 237,950 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Trading Up 1.0%

Shares of LYB opened at $65.99 on Thursday. The stock has a market capitalization of $21.32 billion, a PE ratio of -58.40, a P/E/G ratio of 0.17 and a beta of 0.31. The company’s fifty day moving average is $59.43 and its 200 day moving average is $64.97. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.07 and a current ratio of 1.64. LyondellBasell Industries N.V. has a fifty-two week low of $41.58 and a fifty-two week high of $83.94.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, July 31st. The specialty chemicals company reported $4.30 EPS for the quarter, beating the consensus estimate of $3.44 by $0.86. LyondellBasell Industries had a negative net margin of 1.13% and a positive return on equity of 17.44%. The business had revenue of $9.18 billion during the quarter, compared to analyst estimates of $9.21 billion. During the same quarter last year, the business earned $0.62 earnings per share. LyondellBasell Industries’s quarterly revenue was up 19.8% compared to the same quarter last year. Sell-side analysts expect that LyondellBasell Industries N.V. will post 9.39 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be given a $0.69 dividend. The ex-dividend date is Monday, August 24th. This represents a $2.76 dividend on an annualized basis and a yield of 4.2%. LyondellBasell Industries’s dividend payout ratio (DPR) is currently -244.25%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Wells Fargo & Company raised shares of LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $80.00 to $98.00 in a report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft raised their target price on shares of LyondellBasell Industries from $75.00 to $80.00 and gave the company a “hold” rating in a research note on Tuesday, May 5th. UBS Group lifted their price target on shares of LyondellBasell Industries from $56.00 to $64.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Weiss Ratings raised shares of LyondellBasell Industries from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, August 3rd. Finally, Morgan Stanley cut their price objective on LyondellBasell Industries from $77.00 to $72.00 and set an “overweight” rating for the company in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $72.56.

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.