Stablepoint Partners LLC Sells 17,027 Shares of LyondellBasell Industries N.V. $LYB

Stablepoint Partners LLC reduced its position in LyondellBasell Industries N.V. (NYSE:LYB) by 21.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 63,821 shares of the specialty chemicals company’s stock after selling 17,027 shares during the period. Stablepoint Partners LLC’s holdings in LyondellBasell Industries were worth $2,763,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Capital A Wealth Management LLC raised its stake in LyondellBasell Industries by 6,314.3% in the second quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 442 shares during the period. Parvin Asset Management LLC acquired a new stake in shares of LyondellBasell Industries in the second quarter valued at approximately $26,000. Vermillion & White Wealth Management Group LLC boosted its stake in shares of LyondellBasell Industries by 97.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 534 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 264 shares during the period. Stance Capital LLC acquired a new position in shares of LyondellBasell Industries during the 3rd quarter worth approximately $27,000. Finally, Quent Capital LLC acquired a new position in shares of LyondellBasell Industries during the 3rd quarter worth approximately $29,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

Wall Street Analysts Forecast Growth

LYB has been the subject of several research reports. KeyCorp raised LyondellBasell Industries from a “sector weight” rating to an “overweight” rating and set a $73.00 price target for the company in a report on Wednesday, March 4th. Wall Street Zen raised shares of LyondellBasell Industries from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. UBS Group raised shares of LyondellBasell Industries from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $42.00 to $73.00 in a report on Wednesday, March 18th. Citigroup upgraded shares of LyondellBasell Industries from a “neutral” rating to a “buy” rating and upped their price target for the company from $49.00 to $76.00 in a research note on Thursday, March 12th. Finally, Wells Fargo & Company raised their price objective on shares of LyondellBasell Industries from $48.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $65.61.

Insider Activity

In other news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $68.13, for a total transaction of $26,199,255.24. Following the transaction, the insider directly owned 5,270,918 shares of the company’s stock, valued at approximately $359,107,643.34. This trade represents a 6.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by insiders.

LyondellBasell Industries Stock Up 0.6%

LYB opened at $77.66 on Friday. LyondellBasell Industries N.V. has a fifty-two week low of $41.58 and a fifty-two week high of $78.68. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.20 and a current ratio of 1.77. The company has a market capitalization of $25.02 billion, a P/E ratio of -33.33, a P/E/G ratio of 0.44 and a beta of 0.64. The stock has a fifty day moving average of $60.14 and a 200-day moving average of $51.42.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, February 20th. The specialty chemicals company reported ($0.26) EPS for the quarter. LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.93%. The business had revenue of $7.09 billion during the quarter. On average, equities analysts expect that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were issued a $0.69 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $2.76 dividend on an annualized basis and a yield of 3.6%. LyondellBasell Industries’s payout ratio is currently -118.45%.

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.