Sigma Planning Corp Buys 14,153 Shares of LyondellBasell Industries N.V. $LYB

Sigma Planning Corp grew its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 150.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,589 shares of the specialty chemicals company’s stock after buying an additional 14,153 shares during the quarter. Sigma Planning Corp’s holdings in LyondellBasell Industries were worth $1,900,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Research Global Investors raised its position in LyondellBasell Industries by 108.7% during 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 in the last quarter. AQR Capital Management LLC increased its position in shares of LyondellBasell Industries by 512.9% during the 4th quarter. AQR Capital Management LLC now owns 3,093,318 shares of the specialty chemicals company’s stock valued at $133,941,000 after purchasing an additional 2,588,636 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of LyondellBasell Industries by 5,451.2% during 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. Morgan Stanley raised its holdings in shares of 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 buying an additional 1,300,271 shares in the last quarter. Finally, Norges Bank bought a new stake in LyondellBasell Industries in the 4th quarter worth approximately $52,210,000. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Price Performance

Shares of LyondellBasell Industries stock opened at $57.79 on Friday. The company’s fifty day simple moving average is $63.17 and its two-hundred day simple moving average is $62.70. LyondellBasell Industries N.V. has a 12-month low of $41.58 and a 12-month high of $83.94. The firm has a market cap of $18.66 billion, a PE ratio of -23.21, a price-to-earnings-growth ratio of 0.18 and a beta of 0.32. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 1.12.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, May 1st. The specialty chemicals company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.31 by $0.18. The firm had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $7.53 billion. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 earnings per share. As a group, equities analysts expect that LyondellBasell Industries N.V. will post 9.07 EPS for the current year.

LyondellBasell Industries Announces Dividend

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 dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.76 dividend on an annualized basis and a yield of 4.8%. LyondellBasell Industries’s dividend payout ratio is presently -110.84%.

Analysts Set New Price Targets

LYB has been the topic of a number of recent research reports. Bank of America reduced their price target on shares of LyondellBasell Industries from $68.00 to $48.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 30th. BMO Capital Markets cut their price objective on shares of LyondellBasell Industries from $88.00 to $64.00 and set a “market perform” rating for the company in a research note on Monday, July 6th. The Goldman Sachs Group increased their target price on shares of LyondellBasell Industries from $51.00 to $75.00 and gave the company a “sell” rating in a report on Monday, May 4th. Jefferies Financial Group boosted their price target on shares of LyondellBasell Industries from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Thursday, April 16th. Finally, Zacks Research lowered shares of LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $72.22.

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.