LyondellBasell Industries N.V. $LYB Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 50.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,504 shares of the specialty chemicals company’s stock after purchasing an additional 25,618 shares during the quarter. Janney Montgomery Scott LLC’s holdings in LyondellBasell Industries were worth $4,028,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. State Street Corp grew its position in LyondellBasell Industries by 2.7% during the 4th quarter. State Street Corp now owns 13,544,711 shares of the specialty chemicals company’s stock worth $586,486,000 after purchasing an additional 361,761 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of LyondellBasell Industries by 4.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,102,068 shares of the specialty chemicals company’s stock valued at $437,420,000 after buying an additional 399,130 shares during the last quarter. Capital World Investors boosted its stake in shares of LyondellBasell Industries by 0.4% during the fourth quarter. Capital World Investors now owns 9,843,930 shares of the specialty chemicals company’s stock worth $426,242,000 after buying an additional 36,187 shares during the period. Capital Research Global Investors boosted its stake in shares of LyondellBasell Industries by 108.7% during the fourth quarter. Capital Research Global Investors now owns 9,159,702 shares of the specialty chemicals company’s stock worth $396,615,000 after buying an additional 4,770,260 shares during the period. Finally, Morgan Stanley grew its holdings in shares of LyondellBasell Industries by 16.9% during the fourth quarter. Morgan Stanley now owns 8,971,741 shares of the specialty chemicals company’s stock worth $388,476,000 after buying an additional 1,300,271 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

LYB has been the topic of several recent research reports. Citigroup dropped their price target on LyondellBasell Industries from $80.00 to $67.00 and set a “buy” rating on the stock in a research report on Wednesday, June 24th. Royal Bank Of Canada lifted their target price on LyondellBasell Industries from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Morgan Stanley dropped their target price on LyondellBasell Industries from $77.00 to $72.00 and set an “overweight” rating on the stock in a report on Monday, July 20th. Mizuho upped their price target on LyondellBasell Industries from $62.00 to $66.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Finally, Zacks Research downgraded LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $72.56.

LyondellBasell Industries Stock Performance

NYSE:LYB opened at $63.76 on Friday. The firm’s fifty day simple moving average is $59.37 and its 200-day simple moving average is $64.55. The company has a quick ratio of 1.07, a current ratio of 1.64 and a debt-to-equity ratio of 1.05. The stock has a market cap of $20.60 billion, a PE ratio of -56.42, a price-to-earnings-growth ratio of 0.17 and a beta of 0.31. LyondellBasell Industries N.V. has a fifty-two week low of $41.58 and a fifty-two week high of $83.94.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, July 31st. The specialty chemicals company reported $4.30 EPS for the quarter, beating the consensus estimate of $3.44 by $0.86. The firm had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $9.21 billion. LyondellBasell Industries had a negative net margin of 1.13% and a positive return on equity of 17.44%. The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.62 earnings per share. Analysts expect that LyondellBasell Industries N.V. will post 9.39 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Monday, August 24th. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -244.25%.

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.