LyondellBasell Industries N.V. $LYB Shares Bought by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC grew its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 278.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 17,616 shares of the specialty chemicals company’s stock after buying an additional 12,967 shares during the quarter. Pallas Capital Advisors LLC’s holdings in LyondellBasell Industries were worth $927,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in LYB. Woodline Partners LP grew its holdings in LyondellBasell Industries by 40.4% during the 1st quarter. Woodline Partners LP now owns 21,899 shares of the specialty chemicals company’s stock worth $1,542,000 after acquiring an additional 6,297 shares in the last quarter. Focus Partners Wealth raised its holdings in shares of LyondellBasell Industries by 35.4% in the 1st quarter. Focus Partners Wealth now owns 6,866 shares of the specialty chemicals company’s stock valued at $483,000 after purchasing an additional 1,796 shares in the last quarter. Baird Financial Group Inc. raised its holdings in shares of LyondellBasell Industries by 69.5% in the 2nd quarter. Baird Financial Group Inc. now owns 29,488 shares of the specialty chemicals company’s stock valued at $1,706,000 after purchasing an additional 12,087 shares in the last quarter. Cerity Partners LLC lifted its position in shares of LyondellBasell Industries by 13.9% during the 2nd quarter. Cerity Partners LLC now owns 49,348 shares of the specialty chemicals company’s stock worth $2,855,000 after purchasing an additional 6,032 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in shares of LyondellBasell Industries by 9.9% during the second quarter. Daiwa Securities Group Inc. now owns 41,416 shares of the specialty chemicals company’s stock worth $2,397,000 after purchasing an additional 3,715 shares in the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LYB has been the subject of a number of recent analyst reports. Zacks Research downgraded LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. JPMorgan Chase & Co. upgraded LyondellBasell Industries from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $75.00 to $80.00 in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft raised their target price on LyondellBasell Industries from $75.00 to $80.00 and gave the stock a “hold” rating in a research report on Tuesday, May 5th. Citigroup lowered their price target on LyondellBasell Industries from $80.00 to $67.00 and set a “buy” rating for the company in a report on Wednesday, June 24th. Finally, Mizuho increased their price target on shares of LyondellBasell Industries from $62.00 to $66.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $72.56.

LyondellBasell Industries Stock Performance

NYSE LYB opened at $65.34 on Wednesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.64 and a quick ratio of 1.07. LyondellBasell Industries N.V. has a 1 year low of $41.58 and a 1 year high of $83.94. The company has a market capitalization of $21.11 billion, a PE ratio of -57.82, a P/E/G ratio of 0.17 and a beta of 0.31. The company has a fifty day moving average of $59.41 and a two-hundred day moving average of $64.86.

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

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given a dividend of $0.69 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $2.76 annualized dividend and a yield of 4.2%. LyondellBasell Industries’s payout ratio is -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.