Royal Fund Management LLC Acquires 13,800 Shares of LyondellBasell Industries N.V. $LYB

Royal Fund Management LLC grew its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 97.2% in the first quarter, HoldingsChannel.com reports. The firm owned 28,000 shares of the specialty chemicals company’s stock after purchasing an additional 13,800 shares during the period. Royal Fund Management LLC’s holdings in LyondellBasell Industries were worth $2,256,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in LYB. Banque Cantonale Vaudoise purchased a new stake in LyondellBasell Industries in the 1st quarter valued at about $48,000. Quarry LP bought a new stake in LyondellBasell Industries in the third quarter worth about $31,000. Clearstead Advisors LLC raised its position 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 acquiring an additional 390 shares during the period. CYBER HORNET ETFs LLC purchased a new position in LyondellBasell Industries in the second quarter valued at about $39,000. Finally, ORG Partners LLC grew its position in shares of LyondellBasell Industries by 960.0% during the 4th quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock valued at $30,000 after acquiring an additional 624 shares during the period. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Performance

Shares of LYB opened at $60.50 on Thursday. LyondellBasell Industries N.V. has a 12-month low of $41.58 and a 12-month high of $83.94. The company has a current ratio of 1.54, a quick ratio of 1.03 and a debt-to-equity ratio of 1.12. The company has a market cap of $19.53 billion, a PE ratio of -24.30, a price-to-earnings-growth ratio of 0.19 and a beta of 0.32. The stock has a 50-day moving average price of $60.83 and a 200-day moving average price of $63.69.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data 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. The company had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $7.53 billion. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. LyondellBasell Industries’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 earnings per share. As a group, equities analysts forecast that LyondellBasell Industries N.V. will post 8.57 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Monday, June 1st were issued a $0.69 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.6%. LyondellBasell Industries’s dividend payout ratio is presently -110.84%.

Analyst Ratings Changes

Several equities analysts have weighed in on LYB shares. Evercore increased their price objective on LyondellBasell Industries from $70.00 to $73.00 in a report on Thursday, May 14th. Jefferies Financial Group boosted their target price on LyondellBasell Industries from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, April 16th. Wells Fargo & Company raised LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $80.00 to $98.00 in a research report on Thursday, May 28th. Alembic Global Advisors cut their price target on LyondellBasell Industries from $95.00 to $83.00 and set an “overweight” rating for the company in a research note on Thursday, July 2nd. Finally, Royal Bank Of Canada lowered their price objective on LyondellBasell Industries from $94.00 to $65.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, LyondellBasell Industries currently has a consensus rating of “Hold” and an average target price of $71.94.

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.