Morningstar Investment Management LLC Purchases New Shares in LyondellBasell Industries N.V. $LYB

Morningstar Investment Management LLC purchased a new position in LyondellBasell Industries N.V. (NYSE:LYB) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 41,101 shares of the specialty chemicals company’s stock, valued at approximately $3,311,000.

Several other institutional investors have also made changes to their positions in the company. Compound Planning Inc. acquired a new position in LyondellBasell Industries in the 1st quarter worth approximately $937,000. Sei Investments Co. lifted its stake in LyondellBasell Industries by 61.0% in the 1st quarter. Sei Investments Co. now owns 142,135 shares of the specialty chemicals company’s stock worth $11,450,000 after acquiring an additional 53,868 shares in the last quarter. Cetera Investment Advisers boosted its position in LyondellBasell Industries by 46.3% during the 1st quarter. Cetera Investment Advisers now owns 132,272 shares of the specialty chemicals company’s stock worth $10,656,000 after acquiring an additional 41,887 shares during the period. Alpha Family Trust purchased a new position in LyondellBasell Industries during the 1st quarter valued at about $368,000. Finally, First Citizens Bank & Trust Co. acquired a new stake in shares of LyondellBasell Industries during the 1st quarter valued at $5,731,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Down 2.3%

LYB opened at $60.30 on Friday. The business has a 50 day moving average of $61.65 and a 200-day moving average of $63.30. The stock has a market capitalization of $19.46 billion, a price-to-earnings ratio of -24.22, a P/E/G ratio of 0.20 and a beta of 0.32. 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 earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.18. The business had revenue of $7.20 billion for the quarter, compared to analyst estimates of $7.53 billion. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. LyondellBasell Industries’s revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 earnings per share. As a group, sell-side analysts anticipate that LyondellBasell Industries N.V. will post 8.57 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Monday, June 1st were given a dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.6%. LyondellBasell Industries’s dividend payout ratio is currently -110.84%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on LYB shares. Weiss Ratings lowered shares of LyondellBasell Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, June 24th. Wall Street Zen downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Monday, July 13th. Citigroup reduced their price objective on shares of LyondellBasell Industries from $80.00 to $67.00 and set a “buy” rating for the company in a research note on Wednesday, June 24th. Zacks Research lowered shares of LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Finally, JPMorgan Chase & Co. lifted their target price on shares of LyondellBasell Industries from $50.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, LyondellBasell Industries currently has an average rating of “Hold” and a consensus price target of $71.94.

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.