Dearborn Partners LLC Makes New Investment in LyondellBasell Industries N.V. $LYB

Dearborn Partners LLC bought a new stake in LyondellBasell Industries N.V. (NYSE:LYB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,633 shares of the specialty chemicals company’s stock, valued at approximately $507,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LYB. Clearstead Advisors LLC raised 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 purchasing an additional 390 shares during the last quarter. Quarry LP purchased a new stake in LyondellBasell Industries in the third quarter valued at approximately $31,000. Fideuram Asset Management Ireland dac purchased a new stake in LyondellBasell Industries in the fourth quarter valued at approximately $34,000. Kelleher Financial Advisors increased its holdings in LyondellBasell Industries by 4,112.5% in the 2nd quarter. Kelleher Financial Advisors now owns 674 shares of the specialty chemicals company’s stock worth $35,000 after buying an additional 658 shares during the period. Finally, Harbour Investments Inc. raised its position in LyondellBasell Industries by 74.7% during the 4th quarter. Harbour Investments Inc. now owns 884 shares of the specialty chemicals company’s stock worth $38,000 after buying an additional 378 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. BMO Capital Markets upped their price objective on shares of LyondellBasell Industries from $64.00 to $68.00 and gave the company a “market perform” rating in a report on Monday, August 3rd. Bank of America decreased their target price on shares of LyondellBasell Industries from $68.00 to $48.00 and set an “underperform” rating for the company in a research report on Tuesday, June 30th. Mizuho upped their price target on shares of LyondellBasell Industries from $62.00 to $66.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. UBS Group increased their price target on LyondellBasell Industries from $56.00 to $64.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Finally, Evercore lifted their price objective on LyondellBasell Industries from $70.00 to $73.00 in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $72.56.

LyondellBasell Industries Stock Performance

LYB opened at $63.69 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.64 and a quick ratio of 1.07. The firm has a fifty day moving average price of $59.79 and a 200 day moving average price of $65.46. LyondellBasell Industries N.V. has a 1 year low of $41.58 and a 1 year high of $83.94. The stock has a market cap of $20.57 billion, a P/E ratio of -56.36, a P/E/G ratio of 0.17 and a beta of 0.31.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results 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 company had revenue of $9.18 billion for the quarter, compared to analyst estimates of $9.21 billion. During the same quarter last year, the business earned $0.62 earnings per share. The firm’s revenue was up 19.8% on a year-over-year basis. Equities research analysts anticipate that LyondellBasell Industries N.V. will post 9.24 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. Stockholders of record on Monday, August 24th will be given a dividend of $0.69 per share. The ex-dividend date is Monday, August 24th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.3%. LyondellBasell Industries’s dividend payout ratio (DPR) is -244.25%.

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.