Triangle Securities Wealth Management Invests $1.11 Million in LyondellBasell Industries N.V. $LYB

Triangle Securities Wealth Management acquired a new stake in LyondellBasell Industries N.V. (NYSE:LYB) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 13,760 shares of the specialty chemicals company’s stock, valued at approximately $1,109,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LYB. Stance Capital LLC acquired a new stake in LyondellBasell Industries in the third quarter worth approximately $27,000. Clearstead Advisors LLC increased its position 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 valued at $29,000 after purchasing an additional 390 shares during the period. ORG Partners LLC raised its stake in shares of LyondellBasell Industries by 960.0% in the 4th quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock worth $30,000 after buying an additional 624 shares in the last quarter. Quarry LP bought a new stake in shares of LyondellBasell Industries in the 3rd quarter worth $31,000. Finally, Key Capital Management INC acquired a new stake in shares of LyondellBasell Industries in the fourth quarter valued at $34,000. Institutional investors own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on LYB shares. Fermium Researc raised LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 9th. Wolfe Research raised their price objective on shares of LyondellBasell Industries from $38.00 to $62.00 and gave the company an “underperform” rating in a research report on Tuesday, April 14th. BMO Capital Markets lifted their price objective on shares of LyondellBasell Industries from $82.00 to $88.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 5th. The Goldman Sachs Group boosted 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. Finally, Vertical Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Monday, March 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $75.94.

LyondellBasell Industries Stock Down 0.8%

NYSE:LYB opened at $55.69 on Friday. The business’s fifty day moving average price is $68.20 and its 200 day moving average price is $61.45. The firm has a market capitalization of $17.97 billion, a price-to-earnings ratio of -22.36, a PEG ratio of 0.13 and a beta of 0.28. 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 N.V. has a 1-year low of $41.58 and a 1-year high of $83.94.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, May 1st. The specialty chemicals company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.18. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.The firm had revenue of $7.20 billion during the quarter, compared to analyst estimates of $7.53 billion. During the same period last year, the company posted $0.33 EPS. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. On average, sell-side analysts forecast that LyondellBasell Industries N.V. will post 8.73 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Monday, June 1st were issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Monday, June 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is currently -110.84%.

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.