Dearborn Partners LLC Invests $824,000 in LyondellBasell Industries N.V. $LYB

Dearborn Partners LLC acquired a new stake in LyondellBasell Industries N.V. (NYSE:LYB) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,230 shares of the specialty chemicals company’s stock, valued at approximately $824,000.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its position in LyondellBasell Industries by 16.7% in the 2nd quarter. BlackRock Inc. now owns 29,298,859 shares of the specialty chemicals company’s stock valued at $1,542,585,000 after acquiring an additional 4,185,571 shares during the period. 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 worth $586,486,000 after purchasing an additional 361,761 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in LyondellBasell Industries by 4.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,102,068 shares of the specialty chemicals company’s stock valued at $437,420,000 after purchasing an additional 399,130 shares during the period. Capital World Investors raised 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 purchasing an additional 36,187 shares during the last quarter. Finally, Capital Research Global Investors raised its position in 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 worth $396,615,000 after purchasing an additional 4,770,260 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

Wall Street Analysts Forecast Growth

LYB has been the topic of a number of recent analyst reports. Royal Bank Of Canada lifted their price objective on LyondellBasell Industries from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Evercore raised their price target on shares of LyondellBasell Industries from $70.00 to $73.00 in a report on Thursday, May 14th. Wall Street Zen upgraded shares of LyondellBasell Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday. UBS Group upped their price objective on shares of LyondellBasell Industries from $56.00 to $64.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Finally, Morgan Stanley decreased their price objective on shares of LyondellBasell Industries from $77.00 to $72.00 and set an “overweight” rating for the company in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $72.56.

LyondellBasell Industries Stock Performance

Shares of LYB stock opened at $65.20 on Tuesday. The firm has a market capitalization of $21.06 billion, a PE ratio of -57.70, a price-to-earnings-growth ratio of 0.18 and a beta of 0.31. The firm has a fifty day simple moving average of $59.63 and a two-hundred day simple moving average of $65.31. The company has a current ratio of 1.64, a quick ratio of 1.07 and a debt-to-equity ratio of 1.05. LyondellBasell Industries N.V. has a 12 month low of $41.58 and a 12 month high of $83.94.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, July 31st. The specialty chemicals company reported $4.30 EPS for the quarter, topping analysts’ consensus estimates of $3.44 by $0.86. LyondellBasell Industries had a positive return on equity of 17.44% and a negative net margin of 1.13%.The firm had revenue of $9.18 billion during the quarter, compared to analyst estimates of $9.21 billion. During the same period in the previous year, the company posted $0.62 EPS. The company’s revenue for the quarter was up 19.8% on a year-over-year basis. Analysts forecast that LyondellBasell Industries N.V. will post 9.24 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be paid a $0.69 dividend. The ex-dividend date is Monday, August 24th. This represents a $2.76 annualized dividend and a yield of 4.2%. LyondellBasell Industries’s dividend payout ratio (DPR) is -244.25%.

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.