Wealth Enhancement Advisory Services LLC Has $2.63 Million Stock Holdings in LyondellBasell Industries N.V. $LYB

Wealth Enhancement Advisory Services LLC lifted its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 32.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,986 shares of the specialty chemicals company’s stock after buying an additional 14,006 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in LyondellBasell Industries were worth $2,633,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in LYB. Vanguard Group Inc. raised its stake in shares of LyondellBasell Industries by 0.3% in the third quarter. Vanguard Group Inc. now owns 30,965,458 shares of the specialty chemicals company’s stock worth $1,518,546,000 after acquiring an additional 84,251 shares during the last quarter. Dodge & Cox raised its position in LyondellBasell Industries by 0.4% in the 2nd quarter. Dodge & Cox now owns 16,969,997 shares of the specialty chemicals company’s stock worth $981,884,000 after purchasing an additional 73,965 shares during the last quarter. State Street Corp lifted its holdings in LyondellBasell Industries by 2.1% during the 3rd quarter. State Street Corp now owns 13,182,950 shares of the specialty chemicals company’s stock worth $646,492,000 after buying an additional 267,799 shares in the last quarter. Capital World Investors lifted its holdings in LyondellBasell Industries by 13.1% during the 3rd quarter. Capital World Investors now owns 9,807,743 shares of the specialty chemicals company’s stock worth $480,972,000 after buying an additional 1,135,258 shares in the last quarter. Finally, Capital Research Global Investors boosted its position in LyondellBasell Industries by 470.1% in the 3rd quarter. Capital Research Global Investors now owns 4,389,442 shares of the specialty chemicals company’s stock valued at $215,258,000 after buying an additional 3,619,468 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

LYB has been the subject of a number of recent research reports. Wolfe Research dropped their target price on LyondellBasell Industries from $39.00 to $38.00 and set an “underperform” rating for the company in a research report on Monday, February 2nd. Citigroup raised LyondellBasell Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $49.00 to $76.00 in a report on Thursday, March 12th. BMO Capital Markets raised shares of LyondellBasell Industries from an “underperform” rating to a “market perform” rating and raised their target price for the company from $38.00 to $68.00 in a research note on Thursday, March 5th. The Goldman Sachs Group reiterated a “sell” rating on shares of LyondellBasell Industries in a research report on Monday, February 2nd. Finally, Mizuho boosted their price target on shares of LyondellBasell Industries from $62.00 to $74.00 and gave the stock a “neutral” rating in a research note on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $66.89.

Insiders Place Their Bets

In other news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of LyondellBasell Industries stock in a transaction 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 $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 SEC, which is available through this hyperlink. Company insiders own 0.14% of the company’s stock.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock opened at $76.51 on Thursday. The company has a current ratio of 1.77, a quick ratio of 1.20 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $24.65 billion, a P/E ratio of -32.83, a PEG ratio of 0.46 and a beta of 0.64. The business has a 50-day moving average of $62.49 and a 200-day moving average of $52.10. 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 announced its quarterly earnings results on Saturday, February 21st. The specialty chemicals company reported ($0.26) earnings per share for the quarter. LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.93%. The firm had revenue of $7.09 billion during the quarter. On average, equities analysts anticipate that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Cuts Dividend

The company also recently announced 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 was Monday, March 2nd. This represents a $2.76 annualized dividend and a yield of 3.6%. LyondellBasell Industries’s dividend payout ratio (DPR) is -118.45%.

LyondellBasell Industries Company 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.