Alpha Paradigm Partners LLC Invests $324,000 in LyondellBasell Industries (NYSE:LYB)

Alpha Paradigm Partners LLC bought a new position in LyondellBasell Industries (NYSE:LYB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,153 shares of the specialty chemicals company’s stock, valued at approximately $324,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of LYB. Sigma Planning Corp lifted its position in LyondellBasell Industries by 2.2% during the 2nd quarter. Sigma Planning Corp now owns 7,053 shares of the specialty chemicals company’s stock valued at $726,000 after purchasing an additional 155 shares during the period. IMA Wealth Inc. lifted its stake in LyondellBasell Industries by 21.8% in the second quarter. IMA Wealth Inc. now owns 26,926 shares of the specialty chemicals company’s stock valued at $2,770,000 after buying an additional 4,811 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in LyondellBasell Industries by 93.9% in the second quarter. Neuberger Berman Group LLC now owns 800,975 shares of the specialty chemicals company’s stock valued at $81,991,000 after buying an additional 387,855 shares in the last quarter. Jump Financial LLC bought a new position in LyondellBasell Industries in the second quarter valued at approximately $272,000. Finally, LPL Financial LLC lifted its stake in LyondellBasell Industries by 19.2% in the second quarter. LPL Financial LLC now owns 65,001 shares of the specialty chemicals company’s stock valued at $6,687,000 after buying an additional 10,490 shares in the last quarter. Institutional investors and hedge funds own 69.35% of the company’s stock.

Shares of LYB opened at $96.28 on Thursday. The company has a market cap of $32.21 billion, a price-to-earnings ratio of 7.90, a PEG ratio of 0.59 and a beta of 1.54. LyondellBasell Industries has a 1-year low of $66.72 and a 1-year high of $118.01. The company’s fifty day simple moving average is $97.29 and its 200 day simple moving average is $102.80. The company has a current ratio of 1.96, a quick ratio of 1.22 and a debt-to-equity ratio of 1.28.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, July 30th. The specialty chemicals company reported $6.13 EPS for the quarter, topping the Zacks’ consensus estimate of $5.67 by $0.46. LyondellBasell Industries had a net margin of 11.59% and a return on equity of 49.55%. The firm had revenue of $11.56 billion during the quarter, compared to analysts’ expectations of $11.09 billion. During the same period in the previous year, the business posted $0.71 earnings per share. The company’s revenue for the quarter was up 108.5% compared to the same quarter last year. As a group, research analysts forecast that LyondellBasell Industries will post 19.79 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 7th. Shareholders of record on Monday, August 30th were given a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, August 27th. This represents a $4.52 dividend on an annualized basis and a yield of 4.69%. LyondellBasell Industries’s dividend payout ratio (DPR) is 80.57%.

LYB has been the topic of a number of research reports. Zacks Investment Research lowered shares of LyondellBasell Industries from a “strong-buy” rating to a “hold” rating and set a $109.00 price target on the stock. in a research note on Tuesday, August 17th. Deutsche Bank Aktiengesellschaft cut their price target on shares of LyondellBasell Industries from $125.00 to $108.00 and set a “hold” rating on the stock in a research note on Monday, August 2nd. Alembic Global Advisors reaffirmed a “buy” rating and issued a $120.00 price target on shares of LyondellBasell Industries in a research note on Monday, August 9th. Bank of America lowered shares of LyondellBasell Industries from a “buy” rating to a “neutral” rating and cut their price target for the company from $117.00 to $114.00 in a research note on Friday, July 16th. Finally, Piper Sandler started coverage on shares of LyondellBasell Industries in a report on Monday, September 13th. They issued an “overweight” rating and a $78.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $106.60.

About LyondellBasell Industries

LyondellBasell Industries NV engages in the refinery and production of plastic resins and other chemicals. It operates through the following segments: Olefins and Polyolefins-Americas; Olefins and Polyolefins-Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.

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Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

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