QRG Capital Management Inc. Has $6.03 Million Stock Holdings in LyondellBasell Industries N.V. $LYB

QRG Capital Management Inc. decreased its position in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 23.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 74,857 shares of the specialty chemicals company’s stock after selling 22,311 shares during the quarter. QRG Capital Management Inc.’s holdings in LyondellBasell Industries were worth $6,030,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Stance Capital LLC bought a new position in LyondellBasell Industries during the third quarter worth $27,000. Clearstead Advisors LLC boosted its position in LyondellBasell Industries by 140.3% during the fourth quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company’s stock valued at $29,000 after acquiring an additional 390 shares during the last quarter. ORG Partners LLC grew its holdings in LyondellBasell Industries by 960.0% during the 4th quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock worth $30,000 after acquiring an additional 624 shares during the period. Quarry LP bought a new position in shares of LyondellBasell Industries in the 3rd quarter worth about $31,000. Finally, Key Capital Management INC acquired a new position in shares of LyondellBasell Industries in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Trading Up 0.0%

NYSE LYB opened at $53.37 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 1.12. LyondellBasell Industries N.V. has a 52 week low of $41.58 and a 52 week high of $83.94. The business has a 50 day moving average price of $66.09 and a 200-day moving average price of $61.86. The company has a market cap of $17.23 billion, a price-to-earnings ratio of -21.44, a P/E/G ratio of 0.18 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 for the quarter, beating the consensus estimate of $0.31 by $0.18. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The business had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $7.53 billion. During the same quarter last year, the firm earned $0.33 EPS. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, equities analysts expect that LyondellBasell Industries N.V. will post 8.58 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Monday, June 1st were issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Monday, June 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -110.84%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Evercore lifted their target price on LyondellBasell Industries from $70.00 to $73.00 in a report on Thursday, May 14th. Wolfe Research raised their price objective 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. UBS Group lowered their price objective on shares of LyondellBasell Industries from $82.00 to $73.00 and set a “neutral” rating for the company in a research note on Friday, June 5th. Wall Street Zen upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Vertical Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Monday, March 9th. One 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $73.56.

About LyondellBasell Industries

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.