Raiffeisen Bank International AG Purchases 11,087 Shares of LyondellBasell Industries N.V. $LYB

Raiffeisen Bank International AG increased its position in LyondellBasell Industries N.V. (NYSE:LYB) by 2,925.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 11,466 shares of the specialty chemicals company’s stock after purchasing an additional 11,087 shares during the period. Raiffeisen Bank International AG’s holdings in LyondellBasell Industries were worth $615,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Capital Research Global Investors raised its position in shares of LyondellBasell Industries by 108.7% in the fourth quarter. Capital Research Global Investors now owns 9,159,702 shares of the specialty chemicals company’s stock valued at $396,615,000 after purchasing an additional 4,770,260 shares during the period. BlackRock Inc. boosted its holdings in LyondellBasell Industries by 16.7% in the 2nd quarter. BlackRock Inc. now owns 29,298,859 shares of the specialty chemicals company’s stock worth $1,542,585,000 after buying an additional 4,185,571 shares during the period. AQR Capital Management LLC boosted its holdings in LyondellBasell Industries by 512.9% in the 4th quarter. AQR Capital Management LLC now owns 3,093,318 shares of the specialty chemicals company’s stock worth $133,941,000 after buying an additional 2,588,636 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in LyondellBasell Industries by 5,451.2% in the 4th 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 valued at $63,114,000 after buying an additional 1,431,334 shares in the last quarter. Finally, Morgan Stanley raised its holdings in LyondellBasell Industries by 16.9% during the 4th quarter. Morgan Stanley now owns 8,971,741 shares of the specialty chemicals company’s stock valued at $388,476,000 after acquiring an additional 1,300,271 shares during the period. Institutional investors own 71.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on LYB shares. Bank of America dropped their target price on LyondellBasell Industries from $68.00 to $48.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 30th. Wall Street Zen lowered LyondellBasell Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Evercore raised their target price on LyondellBasell Industries from $70.00 to $73.00 in a research note on Thursday, May 14th. Alembic Global Advisors reduced their target price on LyondellBasell Industries from $95.00 to $83.00 and set an “overweight” rating for the company in a report on Thursday, July 2nd. Finally, Wells Fargo & Company raised shares of LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $80.00 to $98.00 in a report on Thursday, May 28th. One 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $72.56.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock opened at $63.62 on Friday. LyondellBasell Industries N.V. has a 52 week low of $41.58 and a 52 week high of $83.94. The business has a 50-day simple moving average of $60.62 and a 200 day simple moving average of $65.71. The company has a quick ratio of 1.07, a current ratio of 1.64 and a debt-to-equity ratio of 1.05. The stock has a market cap of $20.55 billion, a price-to-earnings ratio of -56.30, a PEG ratio of 0.17 and a beta of 0.31.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share for the quarter, beating the consensus estimate of $3.44 by $0.86. The firm had revenue of $9.18 billion for 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 company’s revenue was up 19.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.62 EPS. On average, research analysts forecast that LyondellBasell Industries N.V. will post 9.2 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

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

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.