LyondellBasell Industries N.V. $LYB Holdings Decreased by LSV Asset Management

LSV Asset Management reduced its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 12.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 226,100 shares of the specialty chemicals company’s stock after selling 31,600 shares during the period. LSV Asset Management’s holdings in LyondellBasell Industries were worth $9,790,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stance Capital LLC bought a new stake in LyondellBasell Industries in the third quarter worth about $27,000. ORG Partners LLC raised its position in LyondellBasell Industries by 960.0% in the fourth quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock worth $30,000 after acquiring an additional 624 shares in the last quarter. United Community Bank raised its position in LyondellBasell Industries by 83.2% in the third quarter. United Community Bank now owns 623 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 283 shares in the last quarter. Quarry LP bought a new stake in LyondellBasell Industries in the third quarter worth about $31,000. Finally, Key Capital Management INC bought a new stake in LyondellBasell Industries in the fourth quarter worth about $34,000. 71.20% of the stock is currently owned by institutional investors.

Insider Activity at LyondellBasell Industries

In related news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $68.13, for a total value of $26,199,255.24. Following the completion of the sale, the insider owned 5,270,918 shares of the company’s stock, valued at approximately $359,107,643.34. The trade was a 6.80% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.14% of the company’s stock.

LyondellBasell Industries Stock Down 0.1%

LyondellBasell Industries stock opened at $69.66 on Tuesday. The firm has a market cap of $22.49 billion, a PE ratio of -27.98, a P/E/G ratio of 0.16 and a beta of 0.32. The firm’s 50 day moving average price is $73.95 and its two-hundred day moving average price is $58.45. LyondellBasell Industries N.V. has a twelve month low of $41.58 and a twelve month high of $83.94. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.54.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.31 by $0.18. The business had revenue of $7.20 billion during the quarter, compared to analysts’ expectations of $7.53 billion. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.33 EPS. On average, research analysts predict that LyondellBasell Industries N.V. will post 8.73 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Monday, June 1st will be paid a $0.69 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.76 annualized dividend and a dividend yield of 4.0%. LyondellBasell Industries’s payout ratio is presently -110.84%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their price target on LyondellBasell Industries from $75.00 to $80.00 and gave the stock a “hold” rating in a research note on Tuesday, May 5th. The Goldman Sachs Group lifted their price target on LyondellBasell Industries from $51.00 to $75.00 and gave the stock a “sell” rating in a research note on Monday, May 4th. Vertical Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Monday, March 9th. Royal Bank Of Canada lifted their target price on LyondellBasell Industries from $91.00 to $94.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Finally, Bank of America reaffirmed an “underperform” rating and set a $55.00 target price on shares of LyondellBasell Industries in a research note on Monday, April 6th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $76.76.

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.