Nissay Asset Management Corp Japan Makes New Investment in LyondellBasell Industries N.V. $LYB

Nissay Asset Management Corp Japan acquired a new stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 35,032 shares of the specialty chemicals company’s stock, valued at approximately $1,844,000.

Other large investors have also made changes to their positions in the company. Clearstead Advisors LLC lifted its holdings in LyondellBasell Industries by 140.3% during the 4th 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 last quarter. Quarry LP acquired a new stake in shares of LyondellBasell Industries during the third quarter worth approximately $31,000. Fideuram Asset Management Ireland dac bought a new position in shares of LyondellBasell Industries in the fourth quarter valued at approximately $34,000. Kelleher Financial Advisors raised its stake in shares of LyondellBasell Industries by 4,112.5% in the second quarter. Kelleher Financial Advisors now owns 674 shares of the specialty chemicals company’s stock valued at $35,000 after acquiring an additional 658 shares during the last quarter. Finally, Harbour Investments Inc. boosted its holdings in shares of 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 acquiring an additional 378 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on LYB shares. Wall Street Zen raised LyondellBasell Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 22nd. JPMorgan Chase & Co. upgraded LyondellBasell Industries from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $75.00 to $80.00 in a report on Monday, August 3rd. Bank of America lowered their target price on LyondellBasell Industries from $68.00 to $48.00 and set an “underperform” rating for the company in a research note on Tuesday, June 30th. Wells Fargo & Company raised LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $80.00 to $98.00 in a report on Thursday, May 28th. Finally, Evercore upped their price target on shares of LyondellBasell Industries from $70.00 to $73.00 in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $72.56.

LyondellBasell Industries Stock Down 0.1%

NYSE:LYB opened at $65.00 on Wednesday. The company has a market cap of $21.00 billion, a price-to-earnings ratio of -57.52, a P/E/G ratio of 0.18 and a beta of 0.31. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.07 and a current ratio of 1.64. The stock’s fifty day moving average price is $60.07 and its two-hundred day moving average price is $65.62. 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 released its 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. The company had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $9.21 billion. LyondellBasell Industries had a positive return on equity of 17.44% and a negative net margin of 1.13%.The business’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same period last year, the firm earned $0.62 EPS. On average, analysts anticipate that LyondellBasell Industries N.V. will post 9.2 EPS for the current year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 24th were given a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Monday, August 24th. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -244.25%.

LyondellBasell Industries Company 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.