Viking Fund Management LLC Sells 79,000 Shares of LyondellBasell Industries N.V. $LYB

Viking Fund Management LLC lowered its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 94.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,000 shares of the specialty chemicals company’s stock after selling 79,000 shares during the period. Viking Fund Management LLC’s holdings in LyondellBasell Industries were worth $245,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in LYB. Castleview Partners LLC purchased a new position in shares of LyondellBasell Industries in the 3rd quarter worth about $200,000. Perpetual Ltd bought a new stake in LyondellBasell Industries in the third quarter worth about $292,000. U.S. Capital Wealth Advisors LLC raised its position in LyondellBasell Industries by 1.4% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 18,020 shares of the specialty chemicals company’s stock worth $884,000 after acquiring an additional 241 shares during the period. Kwmg LLC boosted its stake in LyondellBasell Industries by 11.3% in the third quarter. Kwmg LLC now owns 79,496 shares of the specialty chemicals company’s stock valued at $3,898,000 after acquiring an additional 8,091 shares during the last quarter. Finally, Czech National Bank grew its position in shares of LyondellBasell Industries by 4.0% during the 3rd quarter. Czech National Bank now owns 65,354 shares of the specialty chemicals company’s stock valued at $3,205,000 after acquiring an additional 2,490 shares during the period. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Performance

NYSE:LYB opened at $43.13 on Friday. The business’s fifty day moving average is $45.17 and its 200 day moving average is $52.36. The firm has a market cap of $13.88 billion, a price-to-earnings ratio of -11.50 and a beta of 0.71. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.93 and a current ratio of 1.57. LyondellBasell Industries N.V. has a 52-week low of $41.58 and a 52-week high of $79.39.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. LyondellBasell Industries had a positive return on equity of 7.50% and a negative net margin of 3.70%.The business had revenue of $7.73 billion during the quarter, compared to analyst estimates of $7.41 billion. During the same quarter in the previous year, the firm earned $1.88 EPS. The company’s quarterly revenue was down 10.2% compared to the same quarter last year. Research analysts predict that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, December 1st were issued a dividend of $1.37 per share. This represents a $5.48 dividend on an annualized basis and a yield of 12.7%. The ex-dividend date of this dividend was Monday, December 1st. LyondellBasell Industries’s dividend payout ratio is -146.13%.

Insiders Place Their Bets

In other news, EVP Kimberly A. Foley bought 5,661 shares of the stock in a transaction on Wednesday, November 12th. The shares were acquired at an average cost of $43.56 per share, for a total transaction of $246,593.16. Following the purchase, the executive vice president directly owned 67,688 shares of the company’s stock, valued at $2,948,489.28. This trade represents a 9.13% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on LYB. Deutsche Bank Aktiengesellschaft lowered their price target on shares of LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating on the stock in a report on Wednesday, October 1st. UBS Group dropped their price target on LyondellBasell Industries from $44.00 to $43.00 and set a “sell” rating on the stock in a research report on Monday, October 6th. Citigroup cut their price target on LyondellBasell Industries from $43.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday. JPMorgan Chase & Co. lowered their price objective on LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Finally, The Goldman Sachs Group dropped their price objective on shares of LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating on the stock in a report on Friday, October 17th. Two equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $53.94.

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.