Retirement Planning Group LLC Acquires Shares of 16,066 LyondellBasell Industries N.V. $LYB

Retirement Planning Group LLC acquired a new stake in LyondellBasell Industries N.V. (NYSE:LYB) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,066 shares of the specialty chemicals company’s stock, valued at approximately $1,294,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Capital Research Global Investors raised its holdings in LyondellBasell Industries by 108.7% in the 4th quarter. Capital Research Global Investors now owns 9,159,702 shares of the specialty chemicals company’s stock valued at $396,615,000 after acquiring an additional 4,770,260 shares during the period. AQR Capital Management LLC boosted its holdings in shares of 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 worth $133,941,000 after acquiring an additional 2,588,636 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of LyondellBasell Industries by 5,451.2% during 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 during the period. Morgan Stanley grew its position in shares of LyondellBasell Industries by 16.9% in the fourth quarter. Morgan Stanley now owns 8,971,741 shares of the specialty chemicals company’s stock valued at $388,476,000 after purchasing an additional 1,300,271 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of LyondellBasell Industries in the fourth quarter valued at approximately $52,210,000. Institutional investors own 71.20% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on LYB. BMO Capital Markets dropped their price target on LyondellBasell Industries from $88.00 to $64.00 and set a “market perform” rating for the company in a report on Monday, July 6th. Royal Bank Of Canada decreased their price objective on LyondellBasell Industries from $94.00 to $65.00 and set an “outperform” rating on the stock in a report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft increased their price objective on LyondellBasell Industries from $75.00 to $80.00 and gave the stock a “hold” rating in a research report on Tuesday, May 5th. Wells Fargo & Company raised LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $80.00 to $98.00 in a report on Thursday, May 28th. Finally, Morgan Stanley upped their price target on shares of LyondellBasell Industries from $52.00 to $77.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, LyondellBasell Industries presently has a consensus rating of “Hold” and a consensus target price of $72.22.

LyondellBasell Industries Trading Up 0.5%

Shares of LYB stock opened at $58.63 on Wednesday. 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 fifty day moving average price is $63.75 and its two-hundred day moving average price is $62.49. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.54. The company has a market cap of $18.93 billion, a PE ratio of -23.55, a P/E/G ratio of 0.18 and a beta of 0.32.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results 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 company 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 firm earned $0.33 EPS. LyondellBasell Industries’s revenue was down 6.3% on a year-over-year basis. Equities analysts predict that LyondellBasell Industries N.V. will post 9.07 EPS 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 dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.76 annualized dividend and a yield of 4.7%. LyondellBasell Industries’s payout ratio is presently -110.84%.

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.