8,819 Shares in LyondellBasell Industries N.V. $LYB Bought by Independent Financial Group LLC

Independent Financial Group LLC bought a new stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,819 shares of the specialty chemicals company’s stock, valued at approximately $710,000.

Other hedge funds have also bought and sold shares of the company. Capital Research Global Investors lifted its position in shares of LyondellBasell Industries by 108.7% during the 4th quarter. Capital Research Global Investors now owns 9,159,702 shares of the specialty chemicals company’s stock valued at $396,615,000 after buying an additional 4,770,260 shares in the last quarter. AQR Capital Management LLC raised its stake in LyondellBasell Industries by 512.9% during the 4th quarter. AQR Capital Management LLC now owns 3,093,318 shares of the specialty chemicals company’s stock worth $133,941,000 after acquiring an additional 2,588,636 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in LyondellBasell Industries by 5,451.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,457,591 shares of the specialty chemicals company’s stock worth $63,114,000 after acquiring an additional 1,431,334 shares during the period. Morgan Stanley lifted its holdings in LyondellBasell Industries by 16.9% during the fourth quarter. Morgan Stanley now owns 8,971,741 shares of the specialty chemicals company’s stock valued at $388,476,000 after purchasing an additional 1,300,271 shares in the last quarter. Finally, Norges Bank purchased a new position in LyondellBasell Industries during the fourth quarter valued at approximately $52,210,000. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

LYB stock opened at $61.19 on Wednesday. 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 company’s fifty day moving average price is $62.40 and its 200-day moving average price is $63.06. LyondellBasell Industries N.V. has a one year low of $41.58 and a one year high of $83.94. The company has a market capitalization of $19.75 billion, a PE ratio of -24.58, a price-to-earnings-growth ratio of 0.19 and a beta of 0.32.

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

LyondellBasell Industries Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Monday, June 1st. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.5%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -110.84%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wells Fargo & Company upgraded shares of LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $80.00 to $98.00 in a research report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft upped 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. Weiss Ratings lowered LyondellBasell Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, June 24th. Morgan Stanley decreased their price target on LyondellBasell Industries from $77.00 to $72.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Evercore upped their price objective on LyondellBasell Industries from $70.00 to $73.00 in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.