Capital World Investors Has $426.24 Million Position in LyondellBasell Industries N.V. $LYB

Capital World Investors lifted its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,843,930 shares of the specialty chemicals company’s stock after purchasing an additional 36,187 shares during the period. Capital World Investors’ holdings in LyondellBasell Industries were worth $426,242,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital Research Global Investors grew its holdings in LyondellBasell Industries by 108.7% during the 4th quarter. Capital Research Global Investors now owns 9,159,702 shares of the specialty chemicals company’s stock worth $396,615,000 after acquiring an additional 4,770,260 shares during the period. Norges Bank acquired a new stake in LyondellBasell Industries during the 4th quarter worth $52,210,000. Ameriprise Financial Inc. grew its holdings in LyondellBasell Industries by 67.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,372,998 shares of the specialty chemicals company’s stock worth $79,438,000 after acquiring an additional 553,081 shares during the period. Jefferies Financial Group Inc. grew its holdings in LyondellBasell Industries by 5,250.7% during the 4th quarter. Jefferies Financial Group Inc. now owns 492,372 shares of the specialty chemicals company’s stock worth $21,320,000 after acquiring an additional 483,170 shares during the period. Finally, AQR Capital Management LLC grew its holdings in LyondellBasell Industries by 30.2% during the 2nd quarter. AQR Capital Management LLC now owns 1,607,363 shares of the specialty chemicals company’s stock worth $92,632,000 after acquiring an additional 372,817 shares during the period. Institutional investors and hedge funds own 71.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on LYB shares. The Goldman Sachs Group lifted their target price on shares of LyondellBasell Industries from $51.00 to $75.00 and gave the stock a “sell” rating in a report on Monday, May 4th. Zacks Research raised shares of LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. Vertical Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Monday, March 9th. Mizuho boosted their price target on shares of LyondellBasell Industries from $74.00 to $76.00 in a report on Friday, May 1st. Finally, UBS Group decreased their price target on shares of LyondellBasell Industries from $82.00 to $73.00 and set a “neutral” rating for the company in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $76.71.

LyondellBasell Industries Trading Up 0.1%

LYB opened at $64.58 on Monday. The stock has a market capitalization of $20.84 billion, a P/E ratio of -25.93, a P/E/G ratio of 0.15 and a beta of 0.28. LyondellBasell Industries N.V. has a 12 month low of $41.58 and a 12 month high of $83.94. The firm’s fifty day simple moving average is $72.77 and its 200 day simple moving average is $59.93. The company has a current ratio of 1.54, a quick ratio of 1.03 and a debt-to-equity ratio of 1.12.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, May 1st. The specialty chemicals company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.31 by $0.18. The business had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $7.53 billion. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The firm’s revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 EPS. As a group, research analysts anticipate that LyondellBasell Industries N.V. will post 8.73 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Monday, June 1st will be given a dividend of $0.69 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.76 annualized dividend and a yield of 4.3%. LyondellBasell Industries’s payout ratio is -110.84%.

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.