Fox Run Management L.L.C. Has $836,000 Holdings in LyondellBasell Industries N.V. $LYB

Fox Run Management L.L.C. grew its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 328.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,873 shares of the specialty chemicals company’s stock after purchasing an additional 12,170 shares during the period. Fox Run Management L.L.C.’s holdings in LyondellBasell Industries were worth $836,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in LYB. Clearstead Advisors LLC raised its holdings 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. Quarry LP acquired a new stake in LyondellBasell Industries in the 3rd quarter valued at $31,000. Key Capital Management INC bought a new stake in LyondellBasell Industries in the fourth quarter valued at $34,000. Fideuram Asset Management Ireland dac bought a new stake in LyondellBasell Industries in the fourth quarter valued at $34,000. Finally, Harbour Investments Inc. raised its stake in LyondellBasell Industries by 74.7% during the fourth quarter. Harbour Investments Inc. now owns 884 shares of the specialty chemicals company’s stock worth $38,000 after acquiring an additional 378 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Trading Up 2.2%

LYB opened at $63.76 on Friday. 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 capitalization of $20.60 billion, a PE ratio of -56.42, a PEG ratio of 0.17 and a beta of 0.31. LyondellBasell Industries N.V. has a 1-year low of $41.58 and a 1-year high of $83.94. The firm has a 50-day moving average price of $59.37 and a two-hundred day moving average price of $64.55.

LyondellBasell Industries (NYSE:LYB) last announced its 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 company had revenue of $9.18 billion for the quarter, compared to analyst estimates of $9.21 billion. During the same period in the prior year, the business earned $0.62 earnings per share. LyondellBasell Industries’s quarterly revenue was up 19.8% on a year-over-year basis. As a group, equities analysts anticipate that LyondellBasell Industries N.V. will post 9.39 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be given a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 4.3%. The ex-dividend date is Monday, August 24th. LyondellBasell Industries’s payout ratio is -244.25%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on LYB shares. Wall Street Zen upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. JPMorgan Chase & Co. raised shares of LyondellBasell Industries from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $75.00 to $80.00 in a report on Monday, August 3rd. Alembic Global Advisors reduced their price target on shares of LyondellBasell Industries from $95.00 to $83.00 and set an “overweight” rating on the stock in a research report on Thursday, July 2nd. Bank of America decreased their price objective on shares of LyondellBasell Industries from $68.00 to $48.00 and set an “underperform” rating on the stock in a research note on Tuesday, June 30th. Finally, UBS Group raised their price objective on shares of LyondellBasell Industries from $56.00 to $64.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $72.56.

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.