MADDEN SECURITIES Corp Sells 14,620 Shares of LyondellBasell Industries N.V. $LYB

MADDEN SECURITIES Corp decreased its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 61.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 9,355 shares of the specialty chemicals company’s stock after selling 14,620 shares during the period. MADDEN SECURITIES Corp’s holdings in LyondellBasell Industries were worth $459,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Crews Bank & Trust grew its position in LyondellBasell Industries by 16.4% in the 2nd quarter. Crews Bank & Trust now owns 1,245 shares of the specialty chemicals company’s stock worth $72,000 after purchasing an additional 175 shares during the last quarter. New York Life Investment Management LLC lifted its stake in shares of LyondellBasell Industries by 0.5% in the second quarter. New York Life Investment Management LLC now owns 38,521 shares of the specialty chemicals company’s stock valued at $2,229,000 after buying an additional 193 shares during the period. Central Pacific Bank Trust Division increased its stake in LyondellBasell Industries by 4.3% during the second quarter. Central Pacific Bank Trust Division now owns 4,830 shares of the specialty chemicals company’s stock valued at $279,000 after acquiring an additional 200 shares during the period. State of Michigan Retirement System increased its stake in LyondellBasell Industries by 0.3% during the second quarter. State of Michigan Retirement System now owns 78,165 shares of the specialty chemicals company’s stock valued at $4,523,000 after acquiring an additional 200 shares during the period. Finally, Cooper Financial Group raised its holdings in LyondellBasell Industries by 4.3% in the 3rd quarter. Cooper Financial Group now owns 5,146 shares of the specialty chemicals company’s stock valued at $252,000 after acquiring an additional 211 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on LYB shares. Rothschild & Co Redburn cut their price target on LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating for the company in a report on Friday, September 12th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $45.00 target price (down previously from $55.00) on shares of LyondellBasell Industries in a research note on Friday, December 19th. Fermium Researc cut shares of LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 3rd. Zacks Research upgraded LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 2nd. Finally, BMO Capital Markets reissued an “underperform” rating and issued a $36.00 target price (down from $48.00) on shares of LyondellBasell Industries in a research note on Monday, December 15th. Two investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $53.33.

LyondellBasell Industries Stock Performance

Shares of LyondellBasell Industries stock opened at $48.70 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.57 and a quick ratio of 0.93. The firm has a market cap of $15.67 billion, a price-to-earnings ratio of -12.99 and a beta of 0.70. LyondellBasell Industries N.V. has a one year low of $41.58 and a one year high of $79.39. The stock’s 50-day moving average is $44.55 and its 200-day moving average is $50.91.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. The business had revenue of $7.73 billion for the quarter, compared to analyst estimates of $7.41 billion. LyondellBasell Industries had a positive return on equity of 7.50% and a negative net margin of 3.70%.LyondellBasell Industries’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.88 EPS. Equities analysts predict that LyondellBasell Industries N.V. will post 6.31 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, December 8th. Shareholders of record on Monday, December 1st were paid a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a yield of 11.3%. The ex-dividend date was Monday, December 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is currently -146.13%.

Insider Buying and Selling at LyondellBasell Industries

In related news, EVP Kimberly A. Foley acquired 5,661 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was bought at an average price of $43.56 per share, with a total value of $246,593.16. Following the acquisition, the executive vice president owned 67,688 shares in the company, valued at $2,948,489.28. This represents a 9.13% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is owned by company insiders.

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.