13,100 Shares in LyondellBasell Industries N.V. $LYB Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new position in shares of LyondellBasell Industries N.V. (NYSE:LYB) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 13,100 shares of the specialty chemicals company’s stock, valued at approximately $1,055,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Stance Capital LLC bought a new stake in shares of LyondellBasell Industries in the third quarter valued at about $27,000. Banque Cantonale Vaudoise bought a new position in shares of LyondellBasell Industries during the first quarter worth about $48,000. Quarry LP acquired a new stake in LyondellBasell Industries in the 3rd quarter valued at approximately $31,000. Clearstead Advisors LLC lifted its stake in LyondellBasell Industries by 140.3% in the 4th 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 in the last quarter. Finally, CYBER HORNET ETFs LLC bought a new stake in LyondellBasell Industries in the 2nd quarter valued at approximately $39,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on LYB. Morgan Stanley raised their target price on shares of LyondellBasell Industries from $52.00 to $77.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Wells Fargo & Company upgraded LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $80.00 to $98.00 in a research note on Thursday, May 28th. Royal Bank Of Canada cut their price objective on LyondellBasell Industries from $94.00 to $65.00 and set an “outperform” rating for the company in a report on Wednesday. Fermium Researc upgraded shares of LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, March 9th. Finally, Evercore upped their price target on shares of LyondellBasell Industries from $70.00 to $73.00 in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $73.56.

LyondellBasell Industries Stock Performance

LYB opened at $53.37 on Friday. 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 12-month low of $41.58 and a 12-month high of $83.94. The business has a 50 day moving average of $66.09 and a 200-day moving average of $61.73. The stock has a market cap of $17.23 billion, a price-to-earnings ratio of -21.44, a PEG 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 positive return on equity of 5.68% and a negative net margin of 2.68%.The business 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 earned $0.33 EPS. The firm’s revenue was down 6.3% compared to the same quarter last year. On average, equities research analysts expect that LyondellBasell Industries N.V. will post 8.58 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Monday, June 1st were issued a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 5.2%. The ex-dividend date was Monday, June 1st. LyondellBasell Industries’s payout ratio is currently -110.84%.

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.