Harvest Investment Advisors LLC Takes $1.76 Million Position in LyondellBasell Industries N.V. $LYB

Harvest Investment Advisors LLC bought a new stake in LyondellBasell Industries N.V. (NYSE:LYB) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 40,674 shares of the specialty chemicals company’s stock, valued at approximately $1,761,000.

Several other hedge funds also recently modified their holdings of LYB. Capital Research Global Investors boosted its stake in shares of LyondellBasell Industries by 108.7% in the 4th quarter. Capital Research Global Investors now owns 9,159,702 shares of the specialty chemicals company’s stock valued at $396,615,000 after purchasing an additional 4,770,260 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of LyondellBasell Industries by 5,451.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,457,591 shares of the specialty chemicals company’s stock valued at $63,114,000 after acquiring an additional 1,431,334 shares during the period. Morgan Stanley raised its position in shares of LyondellBasell Industries by 16.9% in the 4th quarter. Morgan Stanley now owns 8,971,741 shares of the specialty chemicals company’s stock valued at $388,476,000 after acquiring an additional 1,300,271 shares during the period. Norges Bank acquired a new stake in shares of LyondellBasell Industries in the 4th quarter valued at approximately $52,210,000. Finally, Capital World Investors raised its position in shares of LyondellBasell Industries by 13.1% in the 3rd quarter. Capital World Investors now owns 9,807,743 shares of the specialty chemicals company’s stock valued at $480,972,000 after acquiring an additional 1,135,258 shares during the period. Institutional investors own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. BMO Capital Markets increased their price target on shares of LyondellBasell Industries from $82.00 to $88.00 and gave the company a “market perform” rating in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of LyondellBasell Industries from $75.00 to $80.00 and gave the company a “hold” rating in a research note on Tuesday, May 5th. Weiss Ratings raised shares of LyondellBasell Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 19th. Wall Street Zen raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, UBS Group cut their price target on shares of LyondellBasell Industries from $82.00 to $73.00 and set a “neutral” rating on the stock in a research note on Friday, June 5th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $76.71.

LyondellBasell Industries Price Performance

NYSE LYB opened at $62.44 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 1.12. LyondellBasell Industries N.V. has a 12-month low of $41.58 and a 12-month high of $83.94. The company has a market capitalization of $20.16 billion, a PE ratio of -25.08, a price-to-earnings-growth ratio of 0.15 and a beta of 0.28. The firm’s 50 day moving average is $70.56 and its 200-day moving average is $60.86.

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

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Monday, June 1st were issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Monday, June 1st. LyondellBasell Industries’s payout ratio is presently -110.84%.

LyondellBasell Industries Company 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.