Transcend Capital Advisors LLC Has $1.10 Million Stock Position in LyondellBasell Industries N.V. $LYB

Transcend Capital Advisors LLC boosted its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 73.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 20,812 shares of the specialty chemicals company’s stock after purchasing an additional 8,787 shares during the period. Transcend Capital Advisors LLC’s holdings in LyondellBasell Industries were worth $1,096,000 as of its most recent filing with the Securities & Exchange Commission.

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

LyondellBasell Industries Trading Up 2.2%

Shares of LyondellBasell Industries stock opened at $63.76 on Friday. The firm has a market capitalization of $20.60 billion, a PE ratio of -56.42, a price-to-earnings-growth ratio of 0.17 and a beta of 0.31. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.64 and a quick ratio of 1.07. The company’s fifty day moving average price is $59.37 and its two-hundred day moving average price is $64.55. LyondellBasell Industries N.V. has a 52-week low of $41.58 and a 52-week high of $83.94.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.44 by $0.86. The company had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $9.21 billion. LyondellBasell Industries had a negative net margin of 1.13% and a positive return on equity of 17.44%. The business’s revenue was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.62 EPS. On average, analysts expect that LyondellBasell Industries N.V. will post 9.39 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be given a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Monday, August 24th. LyondellBasell Industries’s dividend payout ratio is -244.25%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. UBS Group raised their price target on shares of LyondellBasell Industries from $56.00 to $64.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Zacks Research lowered shares of LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft increased their target price on shares of LyondellBasell Industries from $75.00 to $80.00 and gave the company a “hold” rating in a research note on Tuesday, May 5th. Alembic Global Advisors decreased their target price on LyondellBasell Industries from $95.00 to $83.00 and set an “overweight” rating on the stock in a research report on Thursday, July 2nd. Finally, Bank of America lowered their price target on LyondellBasell Industries from $68.00 to $48.00 and set an “underperform” rating on the stock in a research note on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average 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.