Royal London Asset Management Ltd. Increases Stock Position in LyondellBasell Industries N.V. $LYB

Royal London Asset Management Ltd. raised its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 211.6% in the 2nd quarter, Holdings Channel reports. The firm owned 275,583 shares of the specialty chemicals company’s stock after acquiring an additional 187,142 shares during the period. Royal London Asset Management Ltd.’s holdings in LyondellBasell Industries were worth $14,509,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Mufg Securities Americas Inc. lifted its position in shares of LyondellBasell Industries by 9.2% in the second quarter. Mufg Securities Americas Inc. now owns 7,778 shares of the specialty chemicals company’s stock worth $410,000 after buying an additional 653 shares in the last quarter. Van ECK Associates Corp increased its stake in LyondellBasell Industries by 173.2% in the 2nd quarter. Van ECK Associates Corp now owns 34,797 shares of the specialty chemicals company’s stock worth $1,832,000 after acquiring an additional 22,062 shares during the last quarter. Nissay Asset Management Corp Japan bought a new stake in LyondellBasell Industries in the 2nd quarter worth approximately $1,844,000. Hsbc Holdings PLC raised its holdings in shares of LyondellBasell Industries by 3.3% during the 2nd quarter. Hsbc Holdings PLC now owns 461,504 shares of the specialty chemicals company’s stock worth $24,364,000 after acquiring an additional 14,862 shares in the last quarter. Finally, Dearborn Partners LLC bought a new position in shares of LyondellBasell Industries during the 2nd quarter valued at approximately $507,000. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Trading Up 0.0%

Shares of LYB opened at $63.69 on Monday. LyondellBasell Industries N.V. has a twelve month low of $41.58 and a twelve month high of $83.94. The company has a market cap of $20.57 billion, a P/E ratio of -56.36, a P/E/G ratio of 0.17 and a beta of 0.31. The company has a current ratio of 1.64, a quick ratio of 1.07 and a debt-to-equity ratio of 1.05. The company’s fifty day simple moving average is $59.79 and its 200-day simple moving average is $65.52.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results 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. The firm had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $9.21 billion. LyondellBasell Industries had a negative net margin of 1.13% and a positive return on equity of 17.44%. The firm’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.62 EPS. As a group, analysts expect that LyondellBasell Industries N.V. will post 9.2 EPS for the current year.

LyondellBasell Industries Announces Dividend

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 of this dividend is Monday, August 24th. This represents a $2.76 annualized dividend and a yield of 4.3%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -244.25%.

Analyst Ratings Changes

A number of research analysts recently weighed in on LYB shares. Wells Fargo & Company raised shares of LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $80.00 to $98.00 in a report on Thursday, May 28th. UBS Group lifted their price objective on shares of LyondellBasell Industries from $56.00 to $64.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 4th. Alembic Global Advisors reduced their target price on shares of LyondellBasell Industries from $95.00 to $83.00 and set an “overweight” rating on the stock in a report on Thursday, July 2nd. JPMorgan Chase & Co. raised shares of LyondellBasell Industries from a “neutral” rating to an “overweight” rating and increased their price target for the company from $75.00 to $80.00 in a report on Monday, August 3rd. Finally, Citigroup reduced their price objective on LyondellBasell Industries from $80.00 to $67.00 and set a “buy” rating on the stock in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company currently 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.