Leonteq Securities AG Makes New Investment in LyondellBasell Industries N.V. $LYB

Leonteq Securities AG bought a new stake in LyondellBasell Industries N.V. (NYSE:LYB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 8,672 shares of the specialty chemicals company’s stock, valued at approximately $375,000.

Several other hedge funds and other institutional investors have also made changes to their positions in LYB. Capital Research Global Investors lifted its position in shares of LyondellBasell Industries by 470.1% in the third quarter. Capital Research Global Investors now owns 4,389,442 shares of the specialty chemicals company’s stock valued at $215,258,000 after acquiring an additional 3,619,468 shares in the last quarter. Capital World Investors lifted its position in shares of LyondellBasell Industries by 13.1% in the third quarter. Capital World Investors now owns 9,807,743 shares of the specialty chemicals company’s stock valued at $480,972,000 after acquiring an additional 1,135,258 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of LyondellBasell Industries by 67.5% in the second quarter. Ameriprise Financial Inc. now owns 1,372,998 shares of the specialty chemicals company’s stock valued at $79,438,000 after acquiring an additional 553,081 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of LyondellBasell Industries by 30.2% in the second quarter. AQR Capital Management LLC now owns 1,607,363 shares of the specialty chemicals company’s stock valued at $92,632,000 after acquiring an additional 372,817 shares in the last quarter. Finally, Gradient Investments LLC purchased a new position in shares of LyondellBasell Industries in the fourth quarter valued at approximately $12,504,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

NYSE:LYB opened at $69.66 on Friday. LyondellBasell Industries N.V. has a one year low of $41.58 and a one year high of $83.94. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.54. The stock has a market cap of $22.49 billion, a PE ratio of -27.98, a P/E/G ratio of 0.16 and a beta of 0.32. The stock has a 50 day moving average price of $74.04 and a 200 day moving average price of $58.19.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 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 firm had revenue of $7.20 billion during the quarter, compared to analysts’ expectations of $7.53 billion. During the same quarter last year, the firm earned $0.33 earnings per share. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. Equities research analysts expect that LyondellBasell Industries N.V. will post 8.73 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Monday, June 1st will be issued a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Monday, June 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is currently -110.84%.

Wall Street Analysts Forecast Growth

LYB has been the topic of several research reports. Alembic Global Advisors upgraded LyondellBasell Industries from a “neutral” rating to an “overweight” rating in a research report on Thursday, April 9th. Mizuho raised their target price on LyondellBasell Industries from $74.00 to $76.00 in a research report on Friday, May 1st. Bank of America restated an “underperform” rating and issued a $55.00 target price on shares of LyondellBasell Industries in a research report on Monday, April 6th. Wells Fargo & Company decreased their target price on LyondellBasell Industries from $87.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 5th. Finally, Vertical Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Monday, March 9th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, LyondellBasell Industries currently has an average rating of “Hold” and a consensus price target of $76.76.

Insider Activity at LyondellBasell Industries

In related news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $68.13, for a total value of $26,199,255.24. Following the completion of the sale, the insider owned 5,270,918 shares of the company’s stock, valued at approximately $359,107,643.34. This trade represents a 6.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.14% of the company’s stock.

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.