Citizens Financial Group Inc. RI Acquires 7,841 Shares of LyondellBasell Industries N.V. $LYB

Citizens Financial Group Inc. RI lifted its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 232.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 11,208 shares of the specialty chemicals company’s stock after purchasing an additional 7,841 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in LyondellBasell Industries were worth $590,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Banque Cantonale Vaudoise bought a new position in LyondellBasell Industries in the first quarter worth about $48,000. Quarry LP bought a new stake in shares of LyondellBasell Industries in the 3rd quarter valued at about $31,000. Clearstead Advisors LLC raised its stake 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 worth $29,000 after acquiring an additional 390 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in LyondellBasell Industries during the second quarter valued at approximately $39,000. Finally, Kelleher Financial Advisors lifted its position in LyondellBasell Industries by 4,112.5% during 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. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Trading Up 1.0%

Shares of LyondellBasell Industries stock opened at $65.99 on Thursday. The company has a current ratio of 1.64, a quick ratio of 1.07 and a debt-to-equity ratio of 1.05. 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 capitalization of $21.32 billion, a price-to-earnings ratio of -58.40, a PEG ratio of 0.17 and a beta of 0.31. The firm’s 50 day simple moving average is $59.43 and its two-hundred day simple moving average is $64.97.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.44 by $0.86. LyondellBasell Industries had a negative net margin of 1.13% and a positive return on equity of 17.44%. The business had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $9.21 billion. During the same quarter last year, the company posted $0.62 earnings per share. The business’s quarterly revenue was up 19.8% on a year-over-year basis. Analysts predict that LyondellBasell Industries N.V. will post 9.39 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be given a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Monday, August 24th. LyondellBasell Industries’s dividend payout ratio is presently -244.25%.

Analyst Ratings Changes

Several research firms have issued reports on LYB. UBS Group lifted their price target on shares of LyondellBasell Industries from $56.00 to $64.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Zacks Research cut LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft boosted their target price on LyondellBasell Industries from $75.00 to $80.00 and gave the stock a “hold” rating in a research note on Tuesday, May 5th. Royal Bank Of Canada upped their target price on LyondellBasell Industries from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Finally, Alembic Global Advisors decreased their price target on LyondellBasell Industries from $95.00 to $83.00 and set an “overweight” rating for the company in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $72.56.

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.