Public Employees Retirement System of Ohio Makes New $4.34 Million Investment in LyondellBasell Industries N.V. $LYB

Public Employees Retirement System of Ohio acquired a new position in shares of LyondellBasell Industries N.V. (NYSE:LYB) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 82,381 shares of the specialty chemicals company’s stock, valued at approximately $4,337,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in LYB. Dearborn Partners LLC purchased a new position in LyondellBasell Industries during the second quarter worth about $824,000. Advisors Preferred LLC acquired a new position in shares of LyondellBasell Industries during the 2nd quarter valued at about $2,423,000. Wealthfront Advisers LLC lifted its holdings in shares of LyondellBasell Industries by 38.4% during the 2nd quarter. Wealthfront Advisers LLC now owns 162,800 shares of the specialty chemicals company’s stock worth $8,571,000 after acquiring an additional 45,130 shares during the period. Meeder Advisory Services Inc. lifted its holdings in shares of LyondellBasell Industries by 10.6% during the 2nd quarter. Meeder Advisory Services Inc. now owns 5,122 shares of the specialty chemicals company’s stock worth $270,000 after acquiring an additional 491 shares during the period. Finally, Citizens Financial Group Inc. RI boosted its position in shares of LyondellBasell Industries by 232.9% in the second quarter. Citizens Financial Group Inc. RI now owns 11,208 shares of the specialty chemicals company’s stock worth $590,000 after acquiring an additional 7,841 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Performance

Shares of NYSE:LYB opened at $64.77 on Friday. The business’s 50-day simple moving average is $60.46 and its 200 day simple moving average is $65.73. The company has a market cap of $20.92 billion, a P/E ratio of -57.32, a PEG ratio of 0.18 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 one year low of $41.58 and a one year high of $83.94.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share 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 analysts’ expectations of $9.21 billion. During the same quarter in the prior year, the business earned $0.62 EPS. LyondellBasell Industries’s quarterly revenue was up 19.8% compared to the same quarter last year. On average, sell-side analysts forecast that LyondellBasell Industries N.V. will post 9.2 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 24th were issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Monday, August 24th. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -244.25%.

Wall Street Analysts Forecast Growth

LYB has been the subject of several research analyst reports. Evercore upped their price target on shares of LyondellBasell Industries from $70.00 to $73.00 in a research report on Thursday, May 14th. Bank of America lowered their price objective on shares of LyondellBasell Industries from $68.00 to $48.00 and set an “underperform” rating for the company in a research note on Tuesday, June 30th. Wells Fargo & Company raised LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $80.00 to $98.00 in a research report on Thursday, May 28th. Mizuho boosted their price target on LyondellBasell Industries from $62.00 to $66.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Finally, Alembic Global Advisors cut their price objective on LyondellBasell Industries from $95.00 to $83.00 and set an “overweight” rating on the stock in a report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $72.56.

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.