Prudential PLC Acquires 9,186 Shares of LyondellBasell Industries N.V. $LYB

Prudential PLC raised its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 99.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 18,390 shares of the specialty chemicals company’s stock after purchasing an additional 9,186 shares during the period. Prudential PLC’s holdings in LyondellBasell Industries were worth $796,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stance Capital LLC purchased a new position in shares of LyondellBasell Industries during the third quarter valued at approximately $27,000. Quarry LP purchased a new stake in LyondellBasell Industries in the 3rd quarter valued at $31,000. Clearstead Advisors LLC lifted its stake in LyondellBasell Industries by 140.3% during the 4th quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company’s stock valued at $29,000 after acquiring an additional 390 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in LyondellBasell Industries during the 2nd quarter valued at $39,000. Finally, ORG Partners LLC boosted its holdings in LyondellBasell Industries by 960.0% during the 4th quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock worth $30,000 after acquiring an additional 624 shares during the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LYB. Fermium Researc raised shares of LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, March 9th. JPMorgan Chase & Co. lifted their price objective on shares of LyondellBasell Industries from $50.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Alembic Global Advisors raised shares of LyondellBasell Industries from a “neutral” rating to an “overweight” rating in a report on Thursday, April 9th. Bank of America reaffirmed an “underperform” rating and set a $55.00 price objective on shares of LyondellBasell Industries in a report on Monday, April 6th. Finally, Evercore lifted their price objective on shares of LyondellBasell Industries from $70.00 to $73.00 in a report on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $76.71.

LyondellBasell Industries Trading Up 0.1%

NYSE LYB opened at $64.58 on Monday. The stock has a market capitalization of $20.84 billion, a price-to-earnings ratio of -25.93, a PEG ratio of 0.15 and a beta of 0.28. LyondellBasell Industries N.V. has a one year low of $41.58 and a one year high of $83.94. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.54 and a quick ratio of 1.03. The business’s fifty day moving average is $72.77 and its 200-day moving average is $59.93.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.18. The company had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $7.53 billion. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.33 EPS. Equities research analysts predict that LyondellBasell Industries N.V. will post 8.73 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Monday, June 1st. LyondellBasell Industries’s payout ratio is presently -110.84%.

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.