HighTower Advisors LLC Increases Position in LyondellBasell Industries N.V. $LYB

HighTower Advisors LLC increased its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 8.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,409,446 shares of the specialty chemicals company’s stock after purchasing an additional 183,245 shares during the quarter. HighTower Advisors LLC’s holdings in LyondellBasell Industries were worth $118,160,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Capital A Wealth Management LLC raised its position in LyondellBasell Industries by 6,314.3% during the second quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 442 shares during the period. MTM Investment Management LLC purchased a new stake in shares of LyondellBasell Industries during the second quarter worth about $26,000. Parvin Asset Management LLC acquired a new position in shares of LyondellBasell Industries during the 2nd quarter worth about $26,000. EMC Capital Management purchased a new position in LyondellBasell Industries in the 2nd quarter valued at about $29,000. Finally, Vermillion & White Wealth Management Group LLC boosted its holdings in LyondellBasell Industries by 97.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 534 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 264 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Trading Down 0.4%

Shares of NYSE:LYB opened at $57.54 on Monday. LyondellBasell Industries N.V. has a 52 week low of $41.58 and a 52 week high of $78.52. The company’s 50 day moving average is $48.31 and its two-hundred day moving average is $49.06. The company has a market cap of $18.52 billion, a PE ratio of -24.70, a P/E/G ratio of 0.39 and a beta of 0.70. The company has a current ratio of 1.77, a quick ratio of 1.20 and a debt-to-equity ratio of 1.20.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.44). The business had revenue of $7.09 billion during the quarter, compared to analyst estimates of $6.82 billion. LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.94%. The business’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same period last year, the company earned $0.75 earnings per share. Equities analysts predict that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, December 1st were issued a dividend of $1.37 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $5.48 dividend on an annualized basis and a dividend yield of 9.5%. LyondellBasell Industries’s dividend payout ratio (DPR) is currently -235.19%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LYB. JPMorgan Chase & Co. dropped their target price on shares of LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, November 3rd. Fermium Researc cut shares of LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 3rd. Citigroup raised their price objective on shares of LyondellBasell Industries from $46.00 to $49.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. Zacks Research upgraded shares of LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 2nd. Finally, Mizuho increased their price objective on LyondellBasell Industries from $49.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. One analyst has rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $51.00.

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.