Lifeworks Advisors LLC Has $2.73 Million Stake in LyondellBasell Industries N.V. $LYB

Lifeworks Advisors LLC lowered its position in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 68.0% during the first quarter, Holdings Channel.com reports. The firm owned 33,952 shares of the specialty chemicals company’s stock after selling 72,176 shares during the quarter. Lifeworks Advisors LLC’s holdings in LyondellBasell Industries were worth $2,735,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Stance Capital LLC bought a new position in LyondellBasell Industries during the 3rd quarter worth $27,000. Banque Cantonale Vaudoise acquired a new stake in shares of LyondellBasell Industries during the first quarter worth $48,000. Quarry LP bought a new stake in shares of LyondellBasell Industries in the third quarter valued at about $31,000. Clearstead Advisors LLC grew 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 in the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of LyondellBasell Industries in the second quarter valued at about $39,000. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Price Performance

Shares of NYSE:LYB opened at $56.30 on Monday. The firm has a 50 day moving average of $64.46 and a 200-day moving average of $62.27. LyondellBasell Industries N.V. has a 12 month low of $41.58 and a 12 month high of $83.94. 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 stock has a market capitalization of $18.17 billion, a PE ratio of -22.61, a PEG ratio of 0.18 and a beta of 0.32.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.18. The business had revenue of $7.20 billion for the quarter, compared to analyst estimates of $7.53 billion. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter last year, the business posted $0.33 EPS. On average, equities research analysts predict that LyondellBasell Industries N.V. will post 9.07 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

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

Analyst Ratings Changes

LYB has been the subject of several analyst reports. BMO Capital Markets dropped their price objective on shares of LyondellBasell Industries from $88.00 to $64.00 and set a “market perform” rating for the company in a research note on Monday, July 6th. Royal Bank Of Canada decreased their target price on shares of LyondellBasell Industries from $94.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft raised their target price on shares of LyondellBasell Industries from $75.00 to $80.00 and gave the stock a “hold” rating in a report on Tuesday, May 5th. Alembic Global Advisors dropped their price target on shares of LyondellBasell Industries from $95.00 to $83.00 and set an “overweight” rating for the company in a research report on Thursday, July 2nd. Finally, Morgan Stanley boosted their price target on LyondellBasell Industries from $52.00 to $77.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. One investment 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’s stock. Based on data from MarketBeat.com, LyondellBasell Industries has a consensus rating of “Hold” and a consensus price target of $72.22.

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.