Dearborn Partners LLC Takes $507,000 Position in LyondellBasell Industries N.V. $LYB

Dearborn Partners LLC purchased a new position in LyondellBasell Industries N.V. (NYSE:LYB) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 9,633 shares of the specialty chemicals company’s stock, valued at approximately $507,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Clearstead Advisors LLC grew its position in shares of LyondellBasell Industries by 140.3% in the fourth quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 390 shares during the period. Quarry LP acquired a new position in shares of LyondellBasell Industries during the 3rd quarter worth about $31,000. Fideuram Asset Management Ireland dac purchased a new position in LyondellBasell Industries in the 4th quarter valued at about $34,000. Kelleher Financial Advisors lifted its stake in LyondellBasell Industries by 4,112.5% in the 2nd quarter. Kelleher Financial Advisors now owns 674 shares of the specialty chemicals company’s stock valued at $35,000 after buying an additional 658 shares in the last quarter. Finally, Harbour Investments Inc. boosted its holdings in LyondellBasell Industries by 74.7% in the 4th quarter. Harbour Investments Inc. now owns 884 shares of the specialty chemicals company’s stock worth $38,000 after buying an additional 378 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Trading Up 1.0%

Shares of LyondellBasell Industries stock opened at $63.69 on Friday. The stock has a market cap of $20.57 billion, a P/E ratio of -56.36, a P/E/G ratio of 0.17 and a beta of 0.31. The stock’s 50 day simple moving average is $59.79 and its 200-day simple moving average is $65.46. LyondellBasell Industries N.V. has a 1-year low of $41.58 and a 1-year high of $83.94. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.64 and a quick ratio of 1.07.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $9.21 billion. During the same quarter last year, the firm earned $0.62 earnings per share. The business’s revenue for the quarter was up 19.8% on a year-over-year basis. Analysts predict that LyondellBasell Industries N.V. will post 9.24 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

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

Wall Street Analysts Forecast Growth

LYB has been the subject of a number of research analyst reports. Royal Bank Of Canada increased their target price on LyondellBasell Industries from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. UBS Group lifted their price target on LyondellBasell Industries from $56.00 to $64.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 4th. Bank of America dropped their price target on LyondellBasell Industries from $68.00 to $48.00 and set an “underperform” rating for the company in a research report on Tuesday, June 30th. Citigroup reduced their price objective on LyondellBasell Industries from $80.00 to $67.00 and set a “buy” rating for the company in a research note on Wednesday, June 24th. Finally, The Goldman Sachs Group raised their price objective on LyondellBasell Industries from $51.00 to $75.00 and gave the company a “sell” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus 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.