Hsbc Holdings PLC Boosts Stock Holdings in LyondellBasell Industries N.V. $LYB

Hsbc Holdings PLC boosted its position in LyondellBasell Industries N.V. (NYSE:LYB) by 257.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 446,642 shares of the specialty chemicals company’s stock after purchasing an additional 321,782 shares during the period. Hsbc Holdings PLC’s holdings in LyondellBasell Industries were worth $36,033,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in LYB. Jamison Private Wealth Management Inc. raised its stake in LyondellBasell Industries by 1.6% in the 1st quarter. Jamison Private Wealth Management Inc. now owns 10,915 shares of the specialty chemicals company’s stock valued at $879,000 after acquiring an additional 172 shares during the period. Investment Research Partners LLC boosted its position in LyondellBasell Industries by 4.4% during the fourth quarter. Investment Research Partners LLC now owns 5,100 shares of the specialty chemicals company’s stock worth $221,000 after purchasing an additional 214 shares during the period. Rothschild Investment LLC increased its stake in shares of 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 purchasing an additional 272 shares in the last quarter. Moors & Cabot Inc. raised its position in shares of LyondellBasell Industries by 5.6% in the third quarter. Moors & Cabot Inc. now owns 5,495 shares of the specialty chemicals company’s stock valued at $269,000 after purchasing an additional 293 shares during the period. Finally, Vident Advisory LLC lifted its stake in shares of LyondellBasell Industries by 1.1% during the 2nd quarter. Vident Advisory LLC now owns 26,406 shares of the specialty chemicals company’s stock valued at $1,528,000 after buying an additional 297 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Trading Up 2.7%

LyondellBasell Industries stock opened at $60.78 on Tuesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.54. LyondellBasell Industries N.V. has a fifty-two week low of $41.58 and a fifty-two week high of $83.94. The stock has a market cap of $19.62 billion, a P/E ratio of -24.41, a PEG ratio of 0.18 and a beta of 0.32. The firm’s fifty day moving average price is $62.66 and its 200-day moving average price is $62.93.

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

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Monday, June 1st were given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Monday, June 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is -110.84%.

Analysts Set New Price Targets

LYB has been the subject of several analyst reports. UBS Group cut their price objective on shares of LyondellBasell Industries from $82.00 to $73.00 and set a “neutral” rating for the company in a report on Friday, June 5th. BMO Capital Markets dropped their target price on LyondellBasell Industries from $88.00 to $64.00 and set a “market perform” rating on the stock in a research report on Monday, July 6th. Alembic Global Advisors cut their price target on LyondellBasell Industries from $95.00 to $83.00 and set an “overweight” rating for the company in a report on Thursday, July 2nd. Bank of America reduced their price target on LyondellBasell Industries from $68.00 to $48.00 and set an “underperform” rating for the company in a research report on Tuesday, June 30th. Finally, Wall Street Zen lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $71.94.

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.