LyondellBasell Industries N.V. $LYB Stock Position Raised by Cetera Investment Advisers

Cetera Investment Advisers lifted its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 46.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 132,272 shares of the specialty chemicals company’s stock after purchasing an additional 41,887 shares during the period. Cetera Investment Advisers’ holdings in LyondellBasell Industries were worth $10,656,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Woodline Partners LP boosted its holdings in shares of LyondellBasell Industries by 40.4% in the first quarter. Woodline Partners LP now owns 21,899 shares of the specialty chemicals company’s stock worth $1,542,000 after buying an additional 6,297 shares during the period. Focus Partners Wealth raised its holdings in shares of LyondellBasell Industries by 35.4% during the first quarter. Focus Partners Wealth now owns 6,866 shares of the specialty chemicals company’s stock valued at $483,000 after acquiring an additional 1,796 shares during the period. Baird Financial Group Inc. lifted its position in shares of LyondellBasell Industries by 69.5% in the 2nd quarter. Baird Financial Group Inc. now owns 29,488 shares of the specialty chemicals company’s stock valued at $1,706,000 after acquiring an additional 12,087 shares in the last quarter. Cerity Partners LLC boosted its stake in LyondellBasell Industries by 13.9% in the 2nd quarter. Cerity Partners LLC now owns 49,348 shares of the specialty chemicals company’s stock worth $2,855,000 after purchasing an additional 6,032 shares during the period. Finally, Daiwa Securities Group Inc. boosted its stake in LyondellBasell Industries by 9.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 41,416 shares of the specialty chemicals company’s stock worth $2,397,000 after purchasing an additional 3,715 shares during the period. 71.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LYB has been the topic of several recent analyst reports. Wells Fargo & Company raised shares of LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $80.00 to $98.00 in a research note on Thursday, May 28th. Wolfe Research lifted their price target on LyondellBasell Industries from $38.00 to $62.00 and gave the company an “underperform” rating in a report on Tuesday, April 14th. Mizuho dropped their price target on LyondellBasell Industries from $76.00 to $62.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 1st. Royal Bank Of Canada reduced their price objective on LyondellBasell Industries from $94.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, July 1st. Finally, UBS Group lowered their target price on LyondellBasell Industries from $82.00 to $73.00 and set a “neutral” rating on the stock in a research note on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, LyondellBasell Industries currently has a consensus rating of “Hold” and an average target price of $71.94.

LyondellBasell Industries Stock Performance

Shares of LYB stock opened at $60.43 on Friday. LyondellBasell Industries N.V. has a fifty-two week low of $41.58 and a fifty-two week high of $83.94. The stock’s 50-day moving average is $60.64 and its two-hundred day moving average is $63.78. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.54 and a quick ratio of 1.03. The firm has a market cap of $19.51 billion, a P/E ratio of -24.27, a PEG ratio of 0.20 and a beta of 0.32.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results 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. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.The business had revenue of $7.20 billion during the quarter, compared to analysts’ expectations of $7.53 billion. During the same quarter in the previous year, the business posted $0.33 EPS. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. Analysts predict that LyondellBasell Industries N.V. will post 8.57 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Monday, June 1st were paid a $0.69 dividend. The ex-dividend date was Monday, June 1st. This represents a $2.76 dividend on an annualized basis and a yield of 4.6%. LyondellBasell Industries’s payout ratio is -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.