LyondellBasell Industries N.V. $LYB Shares Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC increased its position in LyondellBasell Industries N.V. (NYSE:LYB) by 97.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 62,388 shares of the specialty chemicals company’s stock after buying an additional 30,784 shares during the period. New Age Alpha Advisors LLC’s holdings in LyondellBasell Industries were worth $3,336,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LYB. MTM Investment Management LLC purchased a new position in shares of LyondellBasell Industries in the 2nd quarter worth about $26,000. Parvin Asset Management LLC acquired a new stake in LyondellBasell Industries during the 2nd quarter worth approximately $26,000. Capital A Wealth Management LLC raised its holdings in LyondellBasell Industries by 6,314.3% in the second quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 442 shares during the period. EMC Capital Management acquired a new position in LyondellBasell Industries during the second quarter valued at approximately $29,000. Finally, Quent Capital LLC purchased a new stake in LyondellBasell Industries during the third quarter worth approximately $29,000. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wells Fargo & Company raised their target price on shares of LyondellBasell Industries from $45.00 to $48.00 and gave the company an “equal weight” rating in a research note on Monday, February 2nd. Royal Bank Of Canada raised their price objective on LyondellBasell Industries from $49.00 to $51.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 3rd. Zacks Research raised LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. Bank of America dropped their target price on LyondellBasell Industries from $52.00 to $46.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Finally, KeyCorp reissued a “sector weight” rating on shares of LyondellBasell Industries in a research report on Monday, February 2nd. One investment analyst has rated the stock with a Buy rating, seventeen have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, LyondellBasell Industries currently has an average rating of “Reduce” and a consensus target price of $51.12.

LyondellBasell Industries Trading Up 2.1%

NYSE:LYB opened at $57.51 on Monday. The stock has a market cap of $18.53 billion, a price-to-earnings ratio of -24.68, a price-to-earnings-growth ratio of 0.41 and a beta of 0.64. LyondellBasell Industries N.V. has a one year low of $41.58 and a one year high of $78.41. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.20 and a current ratio of 1.77. The business’s 50-day simple moving average is $50.94 and its 200 day simple moving average is $49.43.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, January 30th. The specialty chemicals company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.44). LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.93%. The business had revenue of $7.09 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same quarter last year, the business earned $0.75 EPS. LyondellBasell Industries’s revenue for the quarter was down 9.2% compared to the same quarter last year. As a group, sell-side analysts predict that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 9th. Investors of record on Monday, March 2nd will be paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Monday, March 2nd. LyondellBasell Industries’s payout ratio is -235.19%.

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.