1,205,771 Shares in LyondellBasell Industries N.V. $LYB Acquired by Norges Bank

Norges Bank purchased a new stake in LyondellBasell Industries N.V. (NYSE:LYB) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,205,771 shares of the specialty chemicals company’s stock, valued at approximately $52,210,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Stance Capital LLC bought a new stake in shares of LyondellBasell Industries in the 3rd quarter valued at $27,000. Quarry LP bought a new position in LyondellBasell Industries during the third quarter worth $31,000. Clearstead Advisors LLC grew its holdings in LyondellBasell Industries by 140.3% in the fourth quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 390 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in LyondellBasell Industries in the second quarter worth $39,000. Finally, ORG Partners LLC increased its stake in LyondellBasell Industries by 960.0% in the fourth quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock valued at $30,000 after purchasing an additional 624 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Stock Performance

NYSE LYB opened at $64.58 on Monday. The company has a fifty day moving average price of $72.77 and a 200-day moving average price of $59.93. The firm has a market cap of $20.84 billion, a price-to-earnings ratio of -25.93, a PEG ratio of 0.15 and a beta of 0.28. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.54 and a quick ratio of 1.03. LyondellBasell Industries N.V. has a 1 year low of $41.58 and a 1 year high of $83.94.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.18. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The business had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $7.53 billion. During the same period in the previous year, the company earned $0.33 earnings per share. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, equities research analysts predict that LyondellBasell Industries N.V. will post 8.73 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Monday, June 1st will be paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Monday, June 1st. LyondellBasell Industries’s payout ratio is presently -110.84%.

Analyst Ratings Changes

A number of research firms have recently issued reports on LYB. Wall Street Zen raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. The Goldman Sachs Group upped their price target on LyondellBasell Industries from $51.00 to $75.00 and gave the stock a “sell” rating in a research note on Monday, May 4th. Wolfe Research increased their price target on LyondellBasell Industries from $38.00 to $62.00 and gave the stock an “underperform” rating in a report on Tuesday, April 14th. Jefferies Financial Group raised their price objective on LyondellBasell Industries from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, April 16th. Finally, Mizuho upped their target price on LyondellBasell Industries from $74.00 to $76.00 in a research report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, LyondellBasell Industries currently has an average rating of “Hold” and an average target price of $76.71.

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.