Janney Montgomery Scott LLC Has $4.10 Million Stake in LyondellBasell Industries N.V. $LYB

Janney Montgomery Scott LLC reduced its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 37.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,886 shares of the specialty chemicals company’s stock after selling 30,919 shares during the quarter. Janney Montgomery Scott LLC’s holdings in LyondellBasell Industries were worth $4,099,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of LYB. Stance Capital LLC acquired a new stake in shares of LyondellBasell Industries in the 3rd quarter valued at about $27,000. Banque Cantonale Vaudoise acquired a new position in shares of LyondellBasell Industries during the first quarter worth about $48,000. Quarry LP bought a new position in shares of LyondellBasell Industries during the third quarter worth about $31,000. Clearstead Advisors LLC raised its position 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 buying an additional 390 shares during the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new stake in LyondellBasell Industries in the 2nd quarter valued at approximately $39,000. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on LYB shares. Evercore upped their price target on LyondellBasell Industries from $70.00 to $73.00 in a research report on Thursday, May 14th. Mizuho cut their price objective on shares of LyondellBasell Industries from $76.00 to $62.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 1st. Bank of America reduced their target price on shares of LyondellBasell Industries from $68.00 to $48.00 and set an “underperform” rating for the company in a report on Tuesday, June 30th. Fermium Researc upgraded shares of LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 9th. Finally, Wolfe Research boosted their price target 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. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $72.22.

LyondellBasell Industries Stock Performance

Shares of NYSE LYB traded up $1.21 during midday trading on Tuesday, hitting $54.18. 356,066 shares of the company’s stock were exchanged, compared to its average volume of 6,910,843. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $17.49 billion, a PE ratio of -21.78, a price-to-earnings-growth ratio of 0.18 and a beta of 0.32. LyondellBasell Industries N.V. has a 12 month low of $41.58 and a 12 month high of $83.94. The company’s 50 day moving average price is $66.09 and its 200 day moving average price is $61.86.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $7.53 billion. During the same quarter last year, the firm posted $0.33 EPS. The company’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, analysts predict 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 announced a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Monday, June 1st were paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Monday, June 1st. LyondellBasell Industries’s dividend payout ratio (DPR) 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.