HighTower Advisors LLC Acquires 183,245 Shares of LyondellBasell Industries N.V. $LYB

HighTower Advisors LLC boosted its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 8.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,409,446 shares of the specialty chemicals company’s stock after purchasing an additional 183,245 shares during the quarter. HighTower Advisors LLC owned about 0.75% of LyondellBasell Industries worth $118,160,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. MTM Investment Management LLC bought a new stake in LyondellBasell Industries in the second quarter worth about $26,000. Parvin Asset Management LLC bought a new stake in LyondellBasell Industries during the 2nd quarter valued at about $26,000. Capital A Wealth Management LLC grew its stake in LyondellBasell Industries by 6,314.3% in the second quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 442 shares in the last quarter. EMC Capital Management purchased a new position in LyondellBasell Industries during the 2nd quarter valued at about $29,000. Finally, Quent Capital LLC purchased a new stake in shares of LyondellBasell Industries during the 3rd quarter worth $29,000. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Down 0.4%

NYSE:LYB opened at $57.54 on Monday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.77 and a quick ratio of 1.20. The company’s fifty day moving average price is $48.31 and its 200-day moving average price is $49.06. LyondellBasell Industries N.V. has a 1-year low of $41.58 and a 1-year high of $78.52. The firm has a market capitalization of $18.52 billion, a P/E ratio of -24.70, a PEG ratio of 0.39 and a beta of 0.70.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.44). LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.94%. The business had revenue of $7.09 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the previous year, the company posted $0.75 earnings per share. LyondellBasell Industries’s revenue for the quarter was down 9.2% compared to the same quarter last year. As a group, equities research analysts anticipate that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, December 1st were issued a dividend of $1.37 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $5.48 dividend on an annualized basis and a yield of 9.5%. LyondellBasell Industries’s dividend payout ratio is -235.19%.

Analyst Ratings Changes

LYB has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of LyondellBasell Industries in a research note on Thursday, January 22nd. KeyCorp reaffirmed a “sector weight” rating on shares of LyondellBasell Industries in a research report on Monday, February 2nd. Alembic Global Advisors raised shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, October 20th. Wolfe Research lowered their target price on shares of LyondellBasell Industries from $39.00 to $38.00 and set an “underperform” rating for the company in a research note on Monday, February 2nd. Finally, Wall Street Zen lowered shares of LyondellBasell Industries from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. One analyst has rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $51.00.

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.