17,202 Shares in LyondellBasell Industries N.V. $LYB Acquired by Beaconlight Capital LLC

Beaconlight Capital LLC bought a new stake in LyondellBasell Industries N.V. (NYSE:LYB) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 17,202 shares of the specialty chemicals company’s stock, valued at approximately $1,386,000. LyondellBasell Industries comprises 0.7% of Beaconlight Capital LLC’s investment portfolio, making the stock its 28th biggest position.

Several other hedge funds also recently added to or reduced their stakes in LYB. Clearstead Advisors LLC lifted its stake in shares of LyondellBasell Industries by 140.3% in the 4th quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 390 shares during the last quarter. ORG Partners LLC increased its position in shares of LyondellBasell Industries by 960.0% in the 4th quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock valued at $30,000 after purchasing an additional 624 shares during the last quarter. Quarry LP purchased a new stake in shares of LyondellBasell Industries during the 3rd quarter worth approximately $31,000. Key Capital Management INC acquired a new stake in shares of LyondellBasell Industries in the 4th quarter valued at about $34,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in LyondellBasell Industries during the 4th quarter worth $34,000. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Price Performance

NYSE LYB opened at $60.30 on Friday. The stock’s 50-day moving average price is $61.65 and its two-hundred day moving average price is $63.30. LyondellBasell Industries N.V. has a 1 year low of $41.58 and a 1 year 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 company has a market cap of $19.46 billion, a PE ratio of -24.22, a PEG ratio of 0.20 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 analysts’ consensus estimates of $0.31 by $0.18. The business had revenue of $7.20 billion during 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 was down 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 earnings per share. On average, analysts predict that LyondellBasell Industries N.V. will post 8.57 EPS for the current year.

LyondellBasell Industries Announces Dividend

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 dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.76 dividend on an annualized basis and a yield of 4.6%. LyondellBasell Industries’s payout ratio is currently -110.84%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LYB. Weiss Ratings downgraded LyondellBasell Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, June 24th. UBS Group decreased their target price on shares of LyondellBasell Industries from $82.00 to $73.00 and set a “neutral” rating on the stock in a research report on Friday, June 5th. The Goldman Sachs Group boosted their target price on shares of LyondellBasell Industries from $51.00 to $75.00 and gave the company a “sell” rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft increased their price target on shares of LyondellBasell Industries from $75.00 to $80.00 and gave the stock a “hold” rating in a research note on Tuesday, May 5th. Finally, Wolfe Research increased their target price on shares of LyondellBasell Industries from $38.00 to $62.00 and gave the stock an “underperform” rating in a research report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus 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.