Perigon Wealth Management LLC Has $293,000 Holdings in LyondellBasell Industries N.V. $LYB

Perigon Wealth Management LLC cut its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 58.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,566 shares of the specialty chemicals company’s stock after selling 7,875 shares during the period. Perigon Wealth Management LLC’s holdings in LyondellBasell Industries were worth $293,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Clearstead Advisors LLC lifted 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 valued at $29,000 after buying an additional 390 shares during the period. Quarry LP acquired a new position in LyondellBasell Industries in the 3rd quarter valued at approximately $31,000. Fideuram Asset Management Ireland dac bought a new stake in shares of LyondellBasell Industries in the 4th quarter worth approximately $34,000. Kelleher Financial Advisors grew its holdings in shares of LyondellBasell Industries by 4,112.5% during the 2nd quarter. Kelleher Financial Advisors now owns 674 shares of the specialty chemicals company’s stock worth $35,000 after purchasing an additional 658 shares in the last quarter. Finally, Harbour Investments Inc. lifted its position in LyondellBasell Industries by 74.7% in the fourth quarter. Harbour Investments Inc. now owns 884 shares of the specialty chemicals company’s stock worth $38,000 after purchasing an additional 378 shares during the period. Institutional investors own 71.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LYB. The Goldman Sachs Group lifted their target price on shares of LyondellBasell Industries from $51.00 to $75.00 and gave the company a “sell” rating in a research report on Monday, May 4th. Weiss Ratings upgraded shares of LyondellBasell Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, August 3rd. Citigroup decreased their price objective on LyondellBasell Industries from $80.00 to $67.00 and set a “buy” rating on the stock in a report on Wednesday, June 24th. Bank of America cut their target price on LyondellBasell Industries from $68.00 to $48.00 and set an “underperform” rating for the company in a research report on Tuesday, June 30th. Finally, Royal Bank Of Canada boosted their price target on LyondellBasell Industries from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $72.56.

LyondellBasell Industries Stock Up 3.3%

Shares of LYB opened at $68.23 on Friday. The business’s fifty day moving average price is $59.53 and its two-hundred day moving average price is $65.11. The firm has a market capitalization of $22.04 billion, a price-to-earnings ratio of -60.38, a PEG ratio of 0.18 and a beta of 0.31. LyondellBasell Industries N.V. has a 52 week low of $41.58 and a 52 week high of $83.94. 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 (NYSE:LYB) last issued its quarterly earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 EPS for the quarter, topping the consensus estimate of $3.44 by $0.86. The company had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $9.21 billion. LyondellBasell Industries had a negative net margin of 1.13% and a positive return on equity of 17.44%. LyondellBasell Industries’s revenue was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.62 EPS. On average, analysts predict that LyondellBasell Industries N.V. will post 9.39 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Monday, August 24th. LyondellBasell Industries’s payout ratio is presently -244.25%.

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.