Waterfront Wealth Inc. Makes New $1.12 Million Investment in LyondellBasell Industries N.V. $LYB

Waterfront Wealth Inc. purchased a new position in LyondellBasell Industries N.V. (NYSE:LYB) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,883 shares of the specialty chemicals company’s stock, valued at approximately $1,118,000.

Other large investors have also added to or reduced their stakes in the company. Woodline Partners LP grew its position in LyondellBasell Industries by 40.4% during the 1st quarter. Woodline Partners LP now owns 21,899 shares of the specialty chemicals company’s stock valued at $1,542,000 after purchasing an additional 6,297 shares during the last quarter. Focus Partners Wealth raised its holdings in LyondellBasell Industries by 35.4% in the first quarter. Focus Partners Wealth now owns 6,866 shares of the specialty chemicals company’s stock worth $483,000 after buying an additional 1,796 shares during the last quarter. Baird Financial Group Inc. lifted its stake in shares of LyondellBasell Industries by 69.5% in the second quarter. Baird Financial Group Inc. now owns 29,488 shares of the specialty chemicals company’s stock worth $1,706,000 after buying an additional 12,087 shares in the last quarter. Cerity Partners LLC lifted its stake in shares of LyondellBasell Industries by 13.9% in the second quarter. Cerity Partners LLC now owns 49,348 shares of the specialty chemicals company’s stock worth $2,855,000 after buying an additional 6,032 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in shares of LyondellBasell Industries by 9.9% during the second quarter. Daiwa Securities Group Inc. now owns 41,416 shares of the specialty chemicals company’s stock valued at $2,397,000 after buying an additional 3,715 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on LYB shares. The Goldman Sachs Group boosted their price objective on shares of LyondellBasell Industries from $51.00 to $75.00 and gave the stock a “sell” rating in a report on Monday, May 4th. Weiss Ratings downgraded LyondellBasell Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, June 24th. JPMorgan Chase & Co. lifted their target price on LyondellBasell Industries from $50.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Citigroup decreased their price target on LyondellBasell Industries from $80.00 to $67.00 and set a “buy” rating for the company in a research note on Wednesday, June 24th. Finally, Evercore increased their price objective on LyondellBasell Industries from $70.00 to $73.00 in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $72.22.

LyondellBasell Industries Stock Performance

NYSE:LYB traded up $0.91 during trading hours on Friday, reaching $56.30. The company had a trading volume of 4,504,298 shares, compared to its average volume of 5,289,612. The firm has a market cap of $18.17 billion, a price-to-earnings ratio of -22.61, a PEG ratio of 0.18 and a beta of 0.32. The company has a current ratio of 1.54, a quick ratio of 1.03 and a debt-to-equity ratio of 1.12. The firm’s 50 day moving average price is $64.46 and its 200-day moving average price is $62.14. 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 quarterly earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.18. The firm had revenue of $7.20 billion for 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 company’s revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 EPS. On average, analysts forecast that LyondellBasell Industries N.V. will post 8.84 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Monday, June 1st were given a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Monday, June 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -110.84%.

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.