Muhlenkamp & Co. Inc. Makes New $9.03 Million Investment in LyondellBasell Industries N.V. $LYB

Muhlenkamp & Co. Inc. bought a new stake in LyondellBasell Industries N.V. (NYSE:LYB) in the third quarter, Holdings Channel.com reports. The institutional investor bought 184,075 shares of the specialty chemicals company’s stock, valued at approximately $9,027,000. LyondellBasell Industries accounts for approximately 2.5% of Muhlenkamp & Co. Inc.’s investment portfolio, making the stock its 19th largest holding.

Several other large investors have also recently bought and sold shares of LYB. Woodline Partners LP boosted its position in LyondellBasell Industries by 40.4% during the 1st quarter. Woodline Partners LP now owns 21,899 shares of the specialty chemicals company’s stock worth $1,542,000 after acquiring an additional 6,297 shares during the period. Focus Partners Wealth boosted its holdings in shares of LyondellBasell Industries by 35.4% during the first quarter. Focus Partners Wealth now owns 6,866 shares of the specialty chemicals company’s stock worth $483,000 after purchasing an additional 1,796 shares during the period. Nordea Investment Management AB grew its position in LyondellBasell Industries by 20.2% during the second quarter. Nordea Investment Management AB now owns 25,613 shares of the specialty chemicals company’s stock valued at $1,493,000 after purchasing an additional 4,299 shares in the last quarter. Stratos Wealth Partners LTD. lifted its position in LyondellBasell Industries by 14.7% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 3,547 shares of the specialty chemicals company’s stock worth $205,000 after buying an additional 454 shares in the last quarter. Finally, Chicago Partners Investment Group LLC acquired a new stake in shares of LyondellBasell Industries during the 2nd quarter valued at $184,000. 71.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on LYB shares. BMO Capital Markets reaffirmed an “underperform” rating and issued a $36.00 price target (down from $48.00) on shares of LyondellBasell Industries in a research note on Monday, December 15th. Evercore cut their price target on LyondellBasell Industries from $65.00 to $57.00 and set an “in-line” rating for the company in a research note on Tuesday, November 11th. Mizuho lifted their price target on LyondellBasell Industries from $49.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, January 30th. Wells Fargo & Company increased their price objective on LyondellBasell Industries from $45.00 to $48.00 and gave the stock an “equal weight” rating in a report on Monday, February 2nd. Finally, UBS Group reduced their target price on shares of LyondellBasell Industries from $41.00 to $38.00 and set a “sell” rating for the company in a research note on Tuesday, December 23rd. One investment analyst has rated the stock with a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $51.00.

LyondellBasell Industries Trading Up 0.1%

NYSE:LYB opened at $56.04 on Thursday. The company’s 50 day moving average is $49.10 and its 200-day moving average is $49.13. 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 12 month low of $41.58 and a 12 month high of $78.41. The firm has a market cap of $18.04 billion, a price-to-earnings ratio of -24.05, a P/E/G ratio of 0.38 and a beta of 0.70.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.44). The firm had revenue of $7.09 billion during the quarter, compared to analyst estimates of $6.82 billion. LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.94%. The business’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 earnings per share. Equities analysts anticipate that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Announces Dividend

The firm 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 of this dividend was Monday, December 1st. LyondellBasell Industries’s payout ratio is currently -235.19%.

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.