CoreCap Advisors LLC Purchases 76,071 Shares of LyondellBasell Industries N.V. $LYB

CoreCap Advisors LLC raised its position in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 149,158.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 76,122 shares of the specialty chemicals company’s stock after purchasing an additional 76,071 shares during the quarter. CoreCap Advisors LLC’s holdings in LyondellBasell Industries were worth $4,008,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Capital Research Global Investors boosted its position in shares of LyondellBasell Industries by 108.7% during the 4th quarter. Capital Research Global Investors now owns 9,159,702 shares of the specialty chemicals company’s stock valued at $396,615,000 after acquiring an additional 4,770,260 shares during the last quarter. AQR Capital Management LLC increased its position in LyondellBasell Industries by 512.9% in the fourth quarter. AQR Capital Management LLC now owns 3,093,318 shares of the specialty chemicals company’s stock worth $133,941,000 after purchasing an additional 2,588,636 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in LyondellBasell Industries by 5,451.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,457,591 shares of the specialty chemicals company’s stock valued at $63,114,000 after purchasing an additional 1,431,334 shares in the last quarter. Morgan Stanley lifted its position in LyondellBasell Industries by 16.9% during the fourth quarter. Morgan Stanley now owns 8,971,741 shares of the specialty chemicals company’s stock valued at $388,476,000 after purchasing an additional 1,300,271 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of LyondellBasell Industries in the 4th quarter worth $52,210,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Trading Down 3.4%

Shares of LYB opened at $59.04 on Thursday. LyondellBasell Industries N.V. has a twelve month low of $41.58 and a twelve month 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 company’s fifty day simple moving average is $59.99 and its 200-day simple moving average is $64.08. The company has a market cap of $19.07 billion, a P/E ratio of -52.24, a P/E/G ratio of 0.19 and a beta of 0.31.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share for the quarter, topping the consensus estimate of $3.44 by $0.86. The business had revenue of $9.18 billion during the quarter, compared to the consensus estimate of $9.21 billion. LyondellBasell Industries had a positive return on equity of 17.44% and a negative net margin of 1.13%.The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same period last year, the company earned $0.62 earnings per share. As a group, analysts expect that LyondellBasell Industries N.V. will post 8.91 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Monday, June 1st. LyondellBasell Industries’s payout ratio is currently -244.25%.

Wall Street Analyst Weigh In

LYB has been the topic of a number of research reports. Weiss Ratings upgraded shares of LyondellBasell Industries from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. The Goldman Sachs Group increased their price target on shares of LyondellBasell Industries from $51.00 to $75.00 and gave the company a “sell” rating in a report on Monday, May 4th. Morgan Stanley reduced their price objective on LyondellBasell Industries from $77.00 to $72.00 and set an “overweight” rating on the stock in a research note on Monday, July 20th. JPMorgan Chase & Co. upgraded LyondellBasell Industries from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $75.00 to $80.00 in a research report on Monday. Finally, Wolfe Research raised their price objective on LyondellBasell Industries from $38.00 to $62.00 and gave the company an “underperform” rating in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned 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.com, the company has a consensus rating of “Hold” and a consensus price target of $72.56.

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.