Mitsubishi UFJ Trust & Banking Corp Raises Stock Position in LyondellBasell Industries N.V. $LYB

Mitsubishi UFJ Trust & Banking Corp grew its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 167.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 283,083 shares of the specialty chemicals company’s stock after purchasing an additional 177,190 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in LyondellBasell Industries were worth $14,904,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Clearstead Advisors LLC boosted its stake in shares of LyondellBasell Industries by 140.3% during 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 in the last quarter. Quarry LP bought a new position in LyondellBasell Industries in the third quarter worth about $31,000. Key Capital Management INC purchased a new stake in LyondellBasell Industries in the fourth quarter worth about $34,000. Fideuram Asset Management Ireland dac purchased a new stake in LyondellBasell Industries in the fourth quarter worth about $34,000. Finally, Harbour Investments Inc. boosted its position in LyondellBasell Industries by 74.7% during the 4th quarter. Harbour Investments Inc. now owns 884 shares of the specialty chemicals company’s stock valued at $38,000 after acquiring an additional 378 shares in the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Performance

LYB stock opened at $63.76 on Friday. The stock has a market capitalization of $20.60 billion, a PE ratio of -56.42, a price-to-earnings-growth ratio of 0.17 and a beta of 0.31. 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 1.64, a quick ratio of 1.07 and a debt-to-equity ratio of 1.05. The stock’s 50 day simple moving average is $59.37 and its 200 day simple moving average is $64.55.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share for the quarter, topping the consensus estimate of $3.44 by $0.86. The firm had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $9.21 billion. LyondellBasell Industries had a positive return on equity of 17.44% and a negative net margin of 1.13%.The company’s revenue was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.62 earnings per share. As a group, research analysts forecast that LyondellBasell Industries N.V. will post 9.39 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given a $0.69 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a $2.76 dividend on an annualized basis and a yield of 4.3%. LyondellBasell Industries’s payout ratio is -244.25%.

Analysts Set New Price Targets

Several brokerages recently weighed in on LYB. Evercore upped their price target on LyondellBasell Industries from $70.00 to $73.00 in a research note on Thursday, May 14th. JPMorgan Chase & Co. raised LyondellBasell Industries from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $75.00 to $80.00 in a research report on Monday, August 3rd. Mizuho upped their target price on shares of LyondellBasell Industries from $62.00 to $66.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Morgan Stanley decreased their price target on shares of LyondellBasell Industries from $77.00 to $72.00 and set an “overweight” rating for the company in a research note on Monday, July 20th. Finally, Royal Bank Of Canada lifted their price target on shares of LyondellBasell Industries from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $72.56.

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.