XML Financial LLC Has $588,000 Position in LyondellBasell Industries N.V. $LYB

XML Financial LLC lessened its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 40.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,177 shares of the specialty chemicals company’s stock after selling 7,529 shares during the quarter. XML Financial LLC’s holdings in LyondellBasell Industries were worth $588,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in LYB. Clearstead Advisors LLC increased its stake in shares of LyondellBasell Industries by 140.3% during the 4th 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 bought a new stake in LyondellBasell Industries in the third quarter worth $31,000. Fideuram Asset Management Ireland dac acquired a new position in LyondellBasell Industries during the fourth quarter worth $34,000. Kelleher Financial Advisors raised its holdings in LyondellBasell Industries by 4,112.5% during the second quarter. Kelleher Financial Advisors now owns 674 shares of the specialty chemicals company’s stock valued at $35,000 after buying an additional 658 shares in the last quarter. Finally, Harbour Investments Inc. raised its holdings in LyondellBasell Industries by 74.7% during the fourth quarter. Harbour Investments Inc. now owns 884 shares of the specialty chemicals company’s stock valued at $38,000 after buying an additional 378 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Price Performance

Shares of NYSE:LYB opened at $66.59 on Thursday. The company has a market cap of $21.51 billion, a price-to-earnings ratio of -58.93, a PEG ratio of 0.18 and a beta of 0.31. The business has a 50 day moving average price of $60.28 and a 200 day moving average price of $65.68. The company has a quick ratio of 1.07, a current ratio of 1.64 and a debt-to-equity ratio of 1.05. LyondellBasell Industries N.V. has a twelve month low of $41.58 and a twelve month high of $83.94.

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. LyondellBasell Industries had a positive return on equity of 17.44% and a negative net margin of 1.13%.The company had revenue of $9.18 billion for the quarter, compared to the consensus estimate of $9.21 billion. During the same period in the previous year, the business posted $0.62 EPS. The company’s revenue for the quarter was up 19.8% on a year-over-year basis. Research analysts predict that LyondellBasell Industries N.V. will post 9.2 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 24th were given a dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, August 24th. This represents a $2.76 dividend on an annualized basis and a yield of 4.1%. LyondellBasell Industries’s payout ratio is -244.25%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LYB. Zacks Research downgraded LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. JPMorgan Chase & Co. upgraded LyondellBasell Industries from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $75.00 to $80.00 in a report on Monday, August 3rd. Alembic Global Advisors decreased their target price on LyondellBasell Industries from $95.00 to $83.00 and set an “overweight” rating for the company in a research report on Thursday, July 2nd. Evercore lifted their price target on shares of LyondellBasell Industries from $70.00 to $73.00 in a research report on Thursday, May 14th. Finally, Royal Bank Of Canada boosted their price objective on shares of LyondellBasell Industries from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average 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.