Recurrent Investment Advisors LLC Has $10.11 Million Stock Position in LyondellBasell Industries N.V. $LYB

Recurrent Investment Advisors LLC raised its position in LyondellBasell Industries N.V. (NYSE:LYB) by 110.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 125,488 shares of the specialty chemicals company’s stock after purchasing an additional 65,869 shares during the quarter. LyondellBasell Industries accounts for 0.6% of Recurrent Investment Advisors LLC’s investment portfolio, making the stock its 25th largest holding. Recurrent Investment Advisors LLC’s holdings in LyondellBasell Industries were worth $10,109,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Clearstead Advisors LLC raised its stake 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 acquiring an additional 390 shares during the last quarter. ORG Partners LLC boosted its holdings in shares of LyondellBasell Industries by 960.0% in the 4th quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock worth $30,000 after acquiring an additional 624 shares in the last quarter. Quarry LP bought a new stake in LyondellBasell Industries during the 3rd quarter worth approximately $31,000. Key Capital Management INC bought a new stake in LyondellBasell Industries during the 4th quarter worth approximately $34,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in LyondellBasell Industries during the 4th quarter valued at $34,000. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Stock Down 0.6%

NYSE:LYB opened at $58.24 on Wednesday. The company has a market cap of $18.80 billion, a price-to-earnings ratio of -23.39, a P/E/G ratio of 0.19 and a beta of 0.32. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.54. The stock’s fifty day moving average price is $61.05 and its two-hundred day moving average price is $63.60. 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, May 1st. The specialty chemicals company reported $0.49 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 analysts’ expectations of $7.53 billion. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.The business’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period last year, the firm earned $0.33 EPS. On average, analysts anticipate that LyondellBasell Industries N.V. will post 8.57 EPS for the current year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Monday, June 1st were issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Monday, June 1st. LyondellBasell Industries’s payout ratio is currently -110.84%.

Wall Street Analysts Forecast Growth

LYB has been the topic of a number of recent analyst reports. Evercore boosted their price objective on LyondellBasell Industries from $70.00 to $73.00 in a research note on Thursday, May 14th. Wall Street Zen lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Monday, July 13th. Royal Bank Of Canada cut their price target on LyondellBasell Industries from $94.00 to $65.00 and set an “outperform” rating for the company in a report on Wednesday, July 1st. Wells Fargo & Company upgraded shares of LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $80.00 to $98.00 in a research report on Thursday, May 28th. Finally, Mizuho decreased their price objective on shares of LyondellBasell Industries from $76.00 to $62.00 and set a “neutral” rating on the stock in a report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $71.94.

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.