First Trust Advisors LP Reduces Position in LyondellBasell Industries N.V. $LYB

First Trust Advisors LP decreased its position in LyondellBasell Industries N.V. (NYSE:LYB) by 44.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 261,647 shares of the specialty chemicals company’s stock after selling 208,068 shares during the period. First Trust Advisors LP’s holdings in LyondellBasell Industries were worth $21,078,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in LYB. Oxbow Advisors LLC purchased a new position in shares of LyondellBasell Industries in the fourth quarter valued at about $4,616,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of LyondellBasell Industries by 32.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 56,986 shares of the specialty chemicals company’s stock valued at $2,633,000 after acquiring an additional 14,006 shares during the last quarter. Swedbank AB boosted its holdings in shares of LyondellBasell Industries by 16.0% during the fourth quarter. Swedbank AB now owns 242,726 shares of the specialty chemicals company’s stock worth $10,510,000 after purchasing an additional 33,399 shares during the period. Stanley Laman Group Ltd. boosted its holdings in shares of LyondellBasell Industries by 66.0% during the fourth quarter. Stanley Laman Group Ltd. now owns 53,423 shares of the specialty chemicals company’s stock worth $2,313,000 after purchasing an additional 21,235 shares during the period. Finally, Tejara Capital Ltd purchased a new position in LyondellBasell Industries during the 4th quarter valued at about $1,425,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Performance

Shares of LYB opened at $60.50 on Thursday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.54 and a quick ratio of 1.03. LyondellBasell Industries N.V. has a one year low of $41.58 and a one year high of $83.94. The company has a 50-day simple moving average of $60.83 and a two-hundred day simple moving average of $63.69. The firm has a market capitalization of $19.53 billion, a PE ratio of -24.30, a price-to-earnings-growth ratio of 0.19 and a beta of 0.32.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.18. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.The firm had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $7.53 billion. During the same quarter in the prior year, the business earned $0.33 EPS. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, analysts anticipate that LyondellBasell Industries N.V. will post 8.57 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Monday, June 1st were given a dividend of $0.69 per share. The ex-dividend date was Monday, June 1st. This represents a $2.76 annualized dividend and a dividend yield of 4.6%. LyondellBasell Industries’s payout ratio is currently -110.84%.

Wall Street Analysts Forecast Growth

LYB has been the subject of a number of recent analyst reports. Citigroup lowered their price target on LyondellBasell Industries from $80.00 to $67.00 and set a “buy” rating for the company in a research report on Wednesday, June 24th. Wells Fargo & Company raised LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $80.00 to $98.00 in a research note on Thursday, May 28th. Bank of America decreased their target price on LyondellBasell Industries from $68.00 to $48.00 and set an “underperform” rating for the company in a report on Tuesday, June 30th. BMO Capital Markets dropped their price target on LyondellBasell Industries from $88.00 to $64.00 and set a “market perform” rating for the company in a research note on Monday, July 6th. Finally, Evercore lifted their price target on shares of LyondellBasell Industries from $70.00 to $73.00 in a report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $71.94.

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.