Raiffeisen Bank International AG Acquires 11,087 Shares of LyondellBasell Industries N.V. $LYB

Raiffeisen Bank International AG lifted its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 2,925.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,466 shares of the specialty chemicals company’s stock after acquiring an additional 11,087 shares during the period. Raiffeisen Bank International AG’s holdings in LyondellBasell Industries were worth $615,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Capital Research Global Investors boosted its holdings in LyondellBasell Industries by 108.7% during the fourth quarter. Capital Research Global Investors now owns 9,159,702 shares of the specialty chemicals company’s stock valued at $396,615,000 after purchasing an additional 4,770,260 shares in the last quarter. BlackRock Inc. grew its stake in shares of LyondellBasell Industries by 16.7% during the second quarter. BlackRock Inc. now owns 29,298,859 shares of the specialty chemicals company’s stock worth $1,542,585,000 after purchasing an additional 4,185,571 shares during the period. AQR Capital Management LLC grew its holdings in LyondellBasell Industries by 512.9% during the fourth quarter. AQR Capital Management LLC now owns 3,093,318 shares of the specialty chemicals company’s stock valued at $133,941,000 after purchasing an additional 2,588,636 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of LyondellBasell Industries by 5,451.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,457,591 shares of the specialty chemicals company’s stock worth $63,114,000 after acquiring an additional 1,431,334 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of LyondellBasell Industries by 16.9% during the fourth quarter. Morgan Stanley now owns 8,971,741 shares of the specialty chemicals company’s stock worth $388,476,000 after acquiring an additional 1,300,271 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

Shares of NYSE LYB opened at $63.62 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.07 and a debt-to-equity ratio of 1.05. LyondellBasell Industries N.V. has a 1-year low of $41.58 and a 1-year high of $83.94. The firm’s 50-day moving average price is $60.62 and its 200-day moving average price is $65.71. The firm has a market capitalization of $20.55 billion, a P/E ratio of -56.30, a P/E/G ratio of 0.17 and a beta of 0.31.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $9.21 billion. During the same period in the prior year, the firm earned $0.62 earnings per share. LyondellBasell Industries’s revenue for the quarter was up 19.8% on a year-over-year basis. Equities research analysts anticipate that LyondellBasell Industries N.V. will post 9.2 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

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 annualized dividend and a dividend yield of 4.3%. LyondellBasell Industries’s payout ratio is presently -244.25%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LYB. Wall Street Zen lowered shares of LyondellBasell Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Royal Bank Of Canada upped their price objective on shares of LyondellBasell Industries from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Mizuho lifted their price objective on shares of LyondellBasell Industries from $62.00 to $66.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Citigroup dropped their target price on shares of LyondellBasell Industries from $80.00 to $67.00 and set a “buy” rating for the company in a research report on Wednesday, June 24th. Finally, Weiss Ratings downgraded shares of LyondellBasell Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 26th. One research 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.