Wealthfront Advisers LLC Has $8.57 Million Stake in LyondellBasell Industries N.V. $LYB

Wealthfront Advisers LLC grew its position in LyondellBasell Industries N.V. (NYSE:LYB) by 38.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 162,800 shares of the specialty chemicals company’s stock after purchasing an additional 45,130 shares during the period. Wealthfront Advisers LLC owned approximately 0.05% of LyondellBasell Industries worth $8,571,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Woodline Partners LP grew its holdings in LyondellBasell Industries by 40.4% during the first quarter. Woodline Partners LP now owns 21,899 shares of the specialty chemicals company’s stock worth $1,542,000 after purchasing an additional 6,297 shares during the period. Focus Partners Wealth lifted its position in shares of LyondellBasell Industries by 35.4% in the first quarter. Focus Partners Wealth now owns 6,866 shares of the specialty chemicals company’s stock valued at $483,000 after buying an additional 1,796 shares during the last quarter. Baird Financial Group Inc. boosted its stake in shares of LyondellBasell Industries by 69.5% during the 2nd quarter. Baird Financial Group Inc. now owns 29,488 shares of the specialty chemicals company’s stock worth $1,706,000 after acquiring an additional 12,087 shares during the period. Cerity Partners LLC raised its stake in LyondellBasell Industries by 13.9% in the 2nd quarter. Cerity Partners LLC now owns 49,348 shares of the specialty chemicals company’s stock valued at $2,855,000 after acquiring an additional 6,032 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in LyondellBasell Industries by 9.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 41,416 shares of the specialty chemicals company’s stock valued at $2,397,000 after purchasing an additional 3,715 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Performance

NYSE:LYB opened at $65.99 on Thursday. The business’s fifty day moving average is $59.43 and its 200 day moving average is $64.97. The firm has a market cap of $21.32 billion, a price-to-earnings ratio of -58.40, a PEG ratio of 0.17 and a beta of 0.31. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.07 and a current ratio of 1.64. LyondellBasell Industries N.V. has a 52-week low of $41.58 and a 52-week high of $83.94.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $9.18 billion for the quarter, compared to analysts’ expectations of $9.21 billion. During the same period in the prior year, the company posted $0.62 EPS. The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. Research analysts predict that LyondellBasell Industries N.V. will post 9.39 EPS for the current year.

LyondellBasell Industries Announces Dividend

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

Wall Street Analysts Forecast Growth

LYB has been the subject of several research analyst reports. Mizuho boosted their target price on LyondellBasell Industries from $62.00 to $66.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Alembic Global Advisors dropped their price objective on shares of LyondellBasell Industries from $95.00 to $83.00 and set an “overweight” rating for the company in a research note on Thursday, July 2nd. JPMorgan Chase & Co. upgraded shares of LyondellBasell Industries from a “neutral” rating to an “overweight” rating and raised their target price for the company from $75.00 to $80.00 in a research report on Monday, August 3rd. Zacks Research cut LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Finally, Royal Bank Of Canada lifted their price target on LyondellBasell Industries from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $72.56.

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.