Havemeyer Place LP Takes Position in LyondellBasell Industries N.V. $LYB

Havemeyer Place LP bought a new stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 17,855 shares of the specialty chemicals company’s stock, valued at approximately $773,000.

Other institutional investors have also recently modified their holdings of the company. Stance Capital LLC bought a new stake in shares of LyondellBasell Industries during the 3rd quarter valued at $27,000. Quarry LP bought a new stake in shares of LyondellBasell Industries during the 3rd quarter valued at $31,000. Clearstead Advisors LLC lifted its position in shares of 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 acquiring an additional 390 shares during the period. CYBER HORNET ETFs LLC bought a new stake in shares of LyondellBasell Industries during the 2nd quarter valued at $39,000. Finally, ORG Partners LLC raised its holdings in shares of LyondellBasell Industries by 960.0% during the 4th quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock worth $30,000 after buying an additional 624 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock opened at $64.43 on Tuesday. The stock has a 50-day moving average price of $72.51 and a two-hundred day moving average price of $60.08. LyondellBasell Industries N.V. has a 12 month low of $41.58 and a 12 month high of $83.94. The company has a market capitalization of $20.80 billion, a PE ratio of -25.87, a P/E/G ratio of 0.15 and a beta of 0.28. 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 (NYSE:LYB) last released its quarterly earnings data on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.18. The company had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $7.53 billion. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.The firm’s revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 earnings per share. Analysts expect that LyondellBasell Industries N.V. will post 8.73 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Monday, June 1st were given a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 4.3%. The ex-dividend date was Monday, June 1st. LyondellBasell Industries’s dividend payout ratio is -110.84%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on LYB shares. Bank of America reissued an “underperform” rating and set a $55.00 price target on shares of LyondellBasell Industries in a report on Monday, April 6th. Wells Fargo & Company raised LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $80.00 to $98.00 in a report on Thursday, May 28th. JPMorgan Chase & Co. boosted their price target on LyondellBasell Industries from $50.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Wall Street Zen raised LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Zacks Research raised LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, LyondellBasell Industries presently has a consensus rating of “Hold” and a consensus price target of $76.71.

About LyondellBasell Industries

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.