Public Employees Retirement System of Ohio Takes $4.34 Million Position in LyondellBasell Industries N.V. $LYB

Public Employees Retirement System of Ohio acquired a new stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 82,381 shares of the specialty chemicals company’s stock, valued at approximately $4,337,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Capital Research Global Investors raised 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 purchasing an additional 4,770,260 shares during the last quarter. BlackRock Inc. raised its position in LyondellBasell Industries by 16.7% during the 2nd quarter. BlackRock Inc. now owns 29,298,859 shares of the specialty chemicals company’s stock worth $1,542,585,000 after buying an additional 4,185,571 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of LyondellBasell Industries by 512.9% in the 4th quarter. AQR Capital Management LLC now owns 3,093,318 shares of the specialty chemicals company’s stock worth $133,941,000 after acquiring an additional 2,588,636 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake 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 worth $63,114,000 after acquiring an additional 1,431,334 shares during the period. Finally, Morgan Stanley increased its stake 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 acquiring an additional 1,300,271 shares during the period. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Price Performance

LYB stock opened at $64.77 on Friday. The stock’s 50 day moving average price is $60.46 and its 200 day moving average price is $65.73. The firm has a market cap of $20.92 billion, a P/E ratio of -57.32, a PEG ratio of 0.18 and a beta of 0.31. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.07 and a current ratio of 1.64. 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, July 31st. The specialty chemicals company reported $4.30 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $9.18 billion during the quarter, compared to the consensus estimate of $9.21 billion. During the same quarter last year, the business posted $0.62 earnings per share. LyondellBasell Industries’s revenue was up 19.8% compared to the same quarter last year. On average, sell-side analysts expect that LyondellBasell Industries N.V. will post 9.2 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 24th were paid a $0.69 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $2.76 annualized dividend and a yield of 4.3%. LyondellBasell Industries’s payout ratio is presently -244.25%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LYB. Evercore raised their price objective on shares of LyondellBasell Industries from $70.00 to $73.00 in a research report on Thursday, May 14th. Alembic Global Advisors dropped their price objective on LyondellBasell Industries from $95.00 to $83.00 and set an “overweight” rating on the stock in a report on Thursday, July 2nd. UBS Group raised their target price on LyondellBasell Industries from $56.00 to $64.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Bank of America cut their price target on shares of LyondellBasell Industries from $68.00 to $48.00 and set an “underperform” rating for the company in a report on Tuesday, June 30th. Finally, Citigroup dropped their price objective on LyondellBasell Industries from $80.00 to $67.00 and set a “buy” rating for the company in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $72.56.

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.