Wealthfront Advisers LLC Increases Stock Holdings in LyondellBasell Industries N.V. $LYB

Wealthfront Advisers LLC boosted its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 38.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 162,800 shares of the specialty chemicals company’s stock after buying an additional 45,130 shares during the quarter. Wealthfront Advisers LLC’s holdings in LyondellBasell Industries were worth $8,571,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Capital Research Global Investors increased its holdings in LyondellBasell Industries by 108.7% in the 4th quarter. Capital Research Global Investors now owns 9,159,702 shares of the specialty chemicals company’s stock worth $396,615,000 after acquiring an additional 4,770,260 shares in the last quarter. BlackRock Inc. lifted its holdings in LyondellBasell Industries by 16.7% during the second quarter. BlackRock Inc. now owns 29,298,859 shares of the specialty chemicals company’s stock valued at $1,542,585,000 after purchasing an additional 4,185,571 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of LyondellBasell Industries by 512.9% in the fourth quarter. AQR Capital Management LLC now owns 3,093,318 shares of the specialty chemicals company’s stock worth $133,941,000 after purchasing an additional 2,588,636 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of LyondellBasell Industries by 5,451.2% in the fourth 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 purchasing an additional 1,431,334 shares in the last quarter. Finally, Morgan Stanley raised its position in shares of LyondellBasell Industries by 16.9% during the 4th 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 during the period. 71.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LYB has been the topic of several research analyst reports. Morgan Stanley lowered their price objective on LyondellBasell Industries from $77.00 to $72.00 and set an “overweight” rating on the stock in a research report on Monday, July 20th. UBS Group lifted their target price on LyondellBasell Industries from $56.00 to $64.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Wall Street Zen raised LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. BMO Capital Markets upped their price target on LyondellBasell Industries from $64.00 to $68.00 and gave the stock a “market perform” rating in a research note on Monday, August 3rd. 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 report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $72.56.

LyondellBasell Industries Stock Up 1.0%

Shares of LYB opened at $65.99 on Thursday. 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 firm has a market cap of $21.32 billion, a P/E ratio of -58.40, a PEG ratio of 0.17 and a beta of 0.31. The stock’s 50 day moving average is $59.43 and its two-hundred day moving average is $64.97. LyondellBasell Industries N.V. has a 12 month low of $41.58 and a 12 month high of $83.94.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, July 31st. The specialty chemicals company reported $4.30 EPS for the quarter, topping the consensus estimate of $3.44 by $0.86. The firm had revenue of $9.18 billion for the quarter, compared to analyst estimates of $9.21 billion. LyondellBasell Industries had a negative net margin of 1.13% and a positive return on equity of 17.44%. The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.62 EPS. Analysts predict that LyondellBasell Industries N.V. will post 9.39 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Monday, August 24th. LyondellBasell Industries’s payout ratio is currently -244.25%.

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.