Pacer Advisors Inc. Cuts Stock Position in LyondellBasell Industries N.V. $LYB

Pacer Advisors Inc. trimmed its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 80.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,617 shares of the specialty chemicals company’s stock after selling 94,049 shares during the period. Pacer Advisors Inc.’s holdings in LyondellBasell Industries were worth $1,822,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in LYB. State Street Corp grew its stake in shares of LyondellBasell Industries by 2.7% in the fourth quarter. State Street Corp now owns 13,544,711 shares of the specialty chemicals company’s stock valued at $586,486,000 after buying an additional 361,761 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in LyondellBasell Industries by 4.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,102,068 shares of the specialty chemicals company’s stock worth $437,420,000 after acquiring an additional 399,130 shares in the last quarter. Capital World Investors lifted its position in LyondellBasell Industries by 0.4% during the 4th quarter. Capital World Investors now owns 9,843,930 shares of the specialty chemicals company’s stock worth $426,242,000 after acquiring an additional 36,187 shares in the last quarter. Capital Research Global Investors boosted its holdings in LyondellBasell Industries by 108.7% in the 4th quarter. Capital Research Global Investors now owns 9,159,702 shares of the specialty chemicals company’s stock worth $396,615,000 after acquiring an additional 4,770,260 shares during the period. Finally, Morgan Stanley grew its position in LyondellBasell Industries by 16.9% in the fourth quarter. Morgan Stanley now owns 8,971,741 shares of the specialty chemicals company’s stock valued at $388,476,000 after acquiring an additional 1,300,271 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Mizuho boosted their target price on shares of LyondellBasell Industries from $62.00 to $66.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Wall Street Zen raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Saturday. Morgan Stanley dropped their price target on shares of LyondellBasell Industries from $77.00 to $72.00 and set an “overweight” rating on the stock in a research note on Monday, July 20th. Citigroup cut their price objective on shares of LyondellBasell Industries from $80.00 to $67.00 and set a “buy” rating on the stock in a report on Wednesday, June 24th. Finally, Royal Bank Of Canada raised their target price on LyondellBasell Industries from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $72.56.

LyondellBasell Industries Stock Performance

LyondellBasell Industries stock opened at $59.50 on Friday. LyondellBasell Industries N.V. has a 52 week low of $41.58 and a 52 week high of $83.94. The company has a current ratio of 1.64, a quick ratio of 1.07 and a debt-to-equity ratio of 1.05. The stock has a market cap of $19.22 billion, a P/E ratio of -52.65, a price-to-earnings-growth ratio of 0.16 and a beta of 0.31. The stock has a 50 day moving average of $59.71 and a 200-day moving average of $64.12.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.44 by $0.86. LyondellBasell Industries had a negative net margin of 1.13% and a positive return on equity of 17.44%. The business had revenue of $9.18 billion during the quarter, compared to analyst estimates of $9.21 billion. During the same quarter in the previous year, the firm earned $0.62 earnings per share. The business’s revenue was up 19.8% compared to the same quarter last year. On average, analysts expect that LyondellBasell Industries N.V. will post 9.39 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Monday, June 1st were given 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 4.6%. LyondellBasell Industries’s payout ratio is presently -244.25%.

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.