Prudential PLC Purchases 9,186 Shares of LyondellBasell Industries N.V. $LYB

Prudential PLC boosted its position in LyondellBasell Industries N.V. (NYSE:LYB) by 99.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 18,390 shares of the specialty chemicals company’s stock after acquiring an additional 9,186 shares during the period. Prudential PLC’s holdings in LyondellBasell Industries were worth $796,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital Investment Advisory Services LLC increased its position in shares of LyondellBasell Industries by 2.5% during the third quarter. Capital Investment Advisory Services LLC now owns 9,345 shares of the specialty chemicals company’s stock valued at $458,000 after buying an additional 226 shares during the period. Rothschild Investment LLC boosted its stake in LyondellBasell Industries by 3.5% in the fourth quarter. Rothschild Investment LLC now owns 8,025 shares of the specialty chemicals company’s stock worth $347,000 after buying an additional 272 shares in the last quarter. Moors & Cabot Inc. boosted its stake in LyondellBasell Industries by 5.6% in the third quarter. Moors & Cabot Inc. now owns 5,495 shares of the specialty chemicals company’s stock worth $269,000 after buying an additional 293 shares in the last quarter. Vident Advisory LLC boosted its stake in LyondellBasell Industries by 1.1% in the second quarter. Vident Advisory LLC now owns 26,406 shares of the specialty chemicals company’s stock worth $1,528,000 after buying an additional 297 shares in the last quarter. Finally, VSM Wealth Advisory LLC boosted its stake in LyondellBasell Industries by 33.3% in the third quarter. VSM Wealth Advisory LLC now owns 1,200 shares of the specialty chemicals company’s stock worth $59,000 after buying an additional 300 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Stock Performance

NYSE:LYB opened at $64.58 on Monday. The firm has a market cap of $20.84 billion, a PE ratio of -25.93, a price-to-earnings-growth ratio of 0.15 and a beta of 0.28. LyondellBasell Industries N.V. has a fifty-two week low of $41.58 and a fifty-two week high of $83.94. 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 business has a 50 day moving average price of $72.77 and a 200-day moving average price of $59.93.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.18. The firm had revenue of $7.20 billion during the quarter, compared to analyst estimates 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 quarterly 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. Equities research analysts predict that LyondellBasell Industries N.V. will post 8.73 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, June 1st. LyondellBasell Industries’s dividend payout ratio is -110.84%.

Analyst Upgrades and Downgrades

LYB has been the subject of several research reports. Mizuho upped their target price on LyondellBasell Industries from $74.00 to $76.00 in a research note on Friday, May 1st. UBS Group cut their target price on LyondellBasell Industries from $82.00 to $73.00 and set a “neutral” rating for the company in a research note on Friday. Citigroup cut their target price on LyondellBasell Industries from $90.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft upped 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. Finally, The Goldman Sachs Group upped their target price on LyondellBasell Industries from $51.00 to $75.00 and gave the stock a “sell” rating in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $76.71.

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.