Pallas Capital Advisors LLC Raises Stake in LyondellBasell Industries N.V. $LYB

Pallas Capital Advisors LLC raised its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 278.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,616 shares of the specialty chemicals company’s stock after purchasing an additional 12,967 shares during the quarter. Pallas Capital Advisors LLC’s holdings in LyondellBasell Industries were worth $927,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Clearstead Advisors LLC grew its holdings in shares of LyondellBasell Industries by 140.3% during the fourth quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 390 shares during the last quarter. Quarry LP purchased a new stake in LyondellBasell Industries during the 3rd quarter valued at approximately $31,000. Fideuram Asset Management Ireland dac purchased a new stake in LyondellBasell Industries during the 4th quarter valued at approximately $34,000. Kelleher Financial Advisors lifted its position in LyondellBasell Industries by 4,112.5% during the 2nd quarter. Kelleher Financial Advisors now owns 674 shares of the specialty chemicals company’s stock worth $35,000 after acquiring an additional 658 shares during the period. Finally, Harbour Investments Inc. lifted its position in LyondellBasell Industries by 74.7% during the 4th quarter. Harbour Investments Inc. now owns 884 shares of the specialty chemicals company’s stock worth $38,000 after acquiring an additional 378 shares during the period. 71.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. 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 report on Thursday, May 28th. Bank of America decreased their price target on LyondellBasell Industries from $68.00 to $48.00 and set an “underperform” rating for the company in a report on Tuesday, June 30th. The Goldman Sachs Group lifted their price objective on shares of LyondellBasell Industries from $51.00 to $75.00 and gave the company a “sell” rating in a research report on Monday, May 4th. UBS Group boosted their price objective on shares of LyondellBasell Industries from $56.00 to $64.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Finally, Wall Street Zen upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $72.56.

LyondellBasell Industries Stock Performance

NYSE LYB opened at $65.34 on Wednesday. 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 business’s 50 day moving average is $59.41 and its two-hundred day moving average is $64.86. LyondellBasell Industries N.V. has a 12-month low of $41.58 and a 12-month high of $83.94. The stock has a market capitalization of $21.11 billion, a price-to-earnings ratio of -57.82, a PEG ratio of 0.17 and a beta of 0.31.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.44 by $0.86. The business had revenue of $9.18 billion during the quarter, compared to the consensus estimate of $9.21 billion. LyondellBasell Industries had a positive return on equity of 17.44% and a negative net margin of 1.13%.The company’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 EPS. Research analysts expect that LyondellBasell Industries N.V. will post 9.39 EPS for the current year.

LyondellBasell Industries Dividend Announcement

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

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.