CenterBook Partners LP Boosts Stock Position in LyondellBasell Industries N.V. $LYB

CenterBook Partners LP raised its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 73.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 81,540 shares of the specialty chemicals company’s stock after acquiring an additional 34,436 shares during the period. CenterBook Partners LP’s holdings in LyondellBasell Industries were worth $3,999,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. NEOS Investment Management LLC grew its position in LyondellBasell Industries by 50.8% in the 3rd quarter. NEOS Investment Management LLC now owns 26,028 shares of the specialty chemicals company’s stock valued at $1,276,000 after buying an additional 8,766 shares during the last quarter. GSA Capital Partners LLP raised its position in LyondellBasell Industries by 22.5% during the 3rd quarter. GSA Capital Partners LLP now owns 7,146 shares of the specialty chemicals company’s stock worth $350,000 after buying an additional 1,313 shares during the last quarter. Guidance Capital Inc. lifted its stake in shares of LyondellBasell Industries by 13.3% in the 3rd quarter. Guidance Capital Inc. now owns 17,388 shares of the specialty chemicals company’s stock worth $828,000 after acquiring an additional 2,041 shares during the period. Vanguard Group Inc. boosted its holdings in shares of LyondellBasell Industries by 0.3% in the third quarter. Vanguard Group Inc. now owns 30,965,458 shares of the specialty chemicals company’s stock valued at $1,518,546,000 after acquiring an additional 84,251 shares in the last quarter. Finally, Smithfield Trust Co increased its stake in shares of LyondellBasell Industries by 1,017.8% during the third quarter. Smithfield Trust Co now owns 1,509 shares of the specialty chemicals company’s stock worth $73,000 after acquiring an additional 1,374 shares during the period. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Trading Up 0.1%

Shares of LYB stock opened at $56.04 on Thursday. The stock has a market cap of $18.04 billion, a P/E ratio of -24.05, a P/E/G ratio of 0.38 and a beta of 0.70. The company has a quick ratio of 1.20, a current ratio of 1.77 and a debt-to-equity ratio of 1.20. LyondellBasell Industries N.V. has a fifty-two week low of $41.58 and a fifty-two week high of $78.41. The business has a fifty day simple moving average of $49.10 and a 200-day simple moving average of $49.13.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, January 30th. The specialty chemicals company reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.44). LyondellBasell Industries had a positive return on equity of 4.94% and a negative net margin of 2.46%.The business had revenue of $7.09 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the prior year, the firm earned $0.75 earnings per share. LyondellBasell Industries’s quarterly revenue was down 9.2% on a year-over-year basis. On average, analysts forecast that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, December 1st were given a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a dividend yield of 9.8%. The ex-dividend date was Monday, December 1st. LyondellBasell Industries’s payout ratio is currently -235.19%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on LYB shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of LyondellBasell Industries in a report on Thursday, January 22nd. Citigroup lifted their price target on LyondellBasell Industries from $46.00 to $49.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Jefferies Financial Group cut their price objective on LyondellBasell Industries from $50.00 to $46.00 and set a “hold” rating for the company in a research report on Monday, December 8th. Bank of America reduced their target price on LyondellBasell Industries from $52.00 to $46.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of LyondellBasell Industries in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, LyondellBasell Industries has an average rating of “Reduce” and an average target price of $51.00.

About LyondellBasell Industries

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.