Maryland State Retirement & Pension System Makes New Investment in LyondellBasell Industries N.V. $LYB

Maryland State Retirement & Pension System bought a new stake in LyondellBasell Industries N.V. (NYSE:LYB) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 12,772 shares of the specialty chemicals company’s stock, valued at approximately $1,029,000.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of LyondellBasell Industries from $50.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Bank of America dropped their price objective on shares of LyondellBasell Industries from $68.00 to $48.00 and set an “underperform” rating for the company in a research note on Tuesday, June 30th. UBS Group cut 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. Deutsche Bank Aktiengesellschaft boosted their target price 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, Wells Fargo & Company upgraded LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $80.00 to $98.00 in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $72.22.

LyondellBasell Industries Stock Down 0.4%

Shares of NYSE LYB opened at $57.79 on Friday. The company has a 50 day simple moving average of $63.17 and a 200 day simple moving average of $62.70. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.54 and a quick ratio of 1.03. LyondellBasell Industries N.V. has a 1 year low of $41.58 and a 1 year high of $83.94. The firm has a market cap of $18.66 billion, a PE ratio of -23.21, a price-to-earnings-growth ratio of 0.18 and a beta of 0.32.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $7.20 billion for the quarter, compared to analyst estimates of $7.53 billion. During the same period in the previous year, the firm posted $0.33 EPS. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, research analysts forecast that LyondellBasell Industries N.V. will post 9.07 EPS for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Monday, June 1st were paid a $0.69 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.76 annualized dividend and a dividend yield of 4.8%. LyondellBasell Industries’s payout ratio is currently -110.84%.

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.