Thornburg Investment Management Inc. Cuts Stock Holdings in LyondellBasell Industries N.V. $LYB

Thornburg Investment Management Inc. lowered its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 91.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 82,904 shares of the specialty chemicals company’s stock after selling 894,177 shares during the quarter. Thornburg Investment Management Inc.’s holdings in LyondellBasell Industries were worth $4,365,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LYB. BlackRock Inc. raised its stake in LyondellBasell Industries by 16.7% in the second quarter. BlackRock Inc. now owns 29,298,859 shares of the specialty chemicals company’s stock worth $1,542,585,000 after buying an additional 4,185,571 shares in the last quarter. State Street Corp lifted its holdings in LyondellBasell Industries by 2.7% during the fourth quarter. State Street Corp now owns 13,544,711 shares of the specialty chemicals company’s stock worth $586,486,000 after buying an additional 361,761 shares during the period. Charles Schwab Investment Management Inc. boosted its position in LyondellBasell Industries by 4.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,102,068 shares of the specialty chemicals company’s stock valued at $437,420,000 after acquiring an additional 399,130 shares in the last quarter. Capital World Investors boosted its position in LyondellBasell Industries by 0.4% during the 4th quarter. Capital World Investors now owns 9,843,930 shares of the specialty chemicals company’s stock valued at $426,242,000 after acquiring an additional 36,187 shares in the last quarter. Finally, Capital Research Global Investors increased its holdings in shares of 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 valued at $396,615,000 after acquiring an additional 4,770,260 shares during the period. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Stock Performance

LYB opened at $63.69 on Friday. LyondellBasell Industries N.V. has a 52-week low of $41.58 and a 52-week high of $83.94. The company has a quick ratio of 1.07, a current ratio of 1.64 and a debt-to-equity ratio of 1.05. The company has a market cap of $20.57 billion, a P/E ratio of -56.36, a price-to-earnings-growth ratio of 0.17 and a beta of 0.31. The firm’s 50-day moving average price is $59.79 and its 200-day moving average price is $65.46.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 EPS for the quarter, topping analysts’ consensus estimates of $3.44 by $0.86. The company had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $9.21 billion. LyondellBasell Industries had a negative net margin of 1.13% and a positive return on equity of 17.44%. LyondellBasell Industries’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same period last year, the business earned $0.62 EPS. As a group, equities analysts anticipate that LyondellBasell Industries N.V. will post 9.2 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Monday, August 24th. LyondellBasell Industries’s payout ratio is presently -244.25%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Royal Bank Of Canada upped their price objective on LyondellBasell Industries from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Evercore boosted their target price on shares of LyondellBasell Industries from $70.00 to $73.00 in a report on Thursday, May 14th. Wall Street Zen raised shares of LyondellBasell Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 22nd. Zacks Research lowered shares of LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Finally, Citigroup lowered their price target on shares of LyondellBasell Industries from $80.00 to $67.00 and set a “buy” rating on the stock in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, LyondellBasell Industries has a consensus rating of “Hold” and an average target price of $72.56.

LyondellBasell Industries Company 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.