Lipe & Dalton Boosts Stake in LyondellBasell Industries N.V. $LYB

Lipe & Dalton boosted its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 40.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 42,520 shares of the specialty chemicals company’s stock after purchasing an additional 12,280 shares during the period. LyondellBasell Industries comprises approximately 1.8% of Lipe & Dalton’s portfolio, making the stock its 20th largest position. Lipe & Dalton’s holdings in LyondellBasell Industries were worth $3,425,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Stance Capital LLC purchased a new stake in shares of LyondellBasell Industries in the 3rd quarter valued at $27,000. Clearstead Advisors LLC boosted its holdings in LyondellBasell Industries by 140.3% during 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 during the period. ORG Partners LLC grew its position in LyondellBasell Industries by 960.0% in the 4th quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock valued at $30,000 after acquiring an additional 624 shares in the last quarter. Quarry LP purchased a new stake in LyondellBasell Industries during the third quarter worth about $31,000. Finally, Key Capital Management INC purchased a new stake in LyondellBasell Industries during the fourth quarter worth about $34,000. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Performance

NYSE LYB opened at $55.67 on Thursday. The company has a fifty day moving average of $65.12 and a two-hundred day moving average of $62.10. The company has a market capitalization of $17.97 billion, a PE ratio of -22.36, a P/E/G ratio of 0.17 and a beta of 0.32. LyondellBasell Industries N.V. has a 1 year low of $41.58 and a 1 year high of $83.94. 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 (NYSE:LYB) last posted its 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. The business had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $7.53 billion. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.The business’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.33 EPS. As a group, analysts expect that LyondellBasell Industries N.V. will post 8.84 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Monday, June 1st were given a dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.76 annualized dividend and a yield of 5.0%. LyondellBasell Industries’s payout ratio is -110.84%.

Analyst Upgrades and Downgrades

LYB has been the subject of a number of research reports. Morgan Stanley lifted their price objective on shares of LyondellBasell Industries from $52.00 to $77.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Citigroup decreased their price target on shares of LyondellBasell Industries from $80.00 to $67.00 and set a “buy” rating for the company in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft boosted their price target 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. Jefferies Financial Group increased their price objective on LyondellBasell Industries from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, April 16th. Finally, Wells Fargo & Company upgraded LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $80.00 to $98.00 in a report on Thursday, May 28th. 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $72.22.

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.