LyondellBasell Industries N.V. $LYB Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 17.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 112,854 shares of the specialty chemicals company’s stock after purchasing an additional 17,023 shares during the quarter. Commonwealth Equity Services LLC’s holdings in LyondellBasell Industries were worth $4,887,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of LyondellBasell Industries by 0.3% during the 3rd 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 in the last quarter. State Street Corp raised its position in shares of 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 acquiring an additional 267,799 shares in the last quarter. Capital World Investors raised its position in shares of LyondellBasell Industries by 0.4% during the 4th quarter. Capital World Investors now owns 9,843,930 shares of the specialty chemicals company’s stock worth $426,242,000 after acquiring an additional 36,187 shares in the last quarter. Capital Research Global Investors raised its position in shares of LyondellBasell Industries by 108.7% during the 4th quarter. Capital Research Global Investors now owns 9,159,702 shares of the specialty chemicals company’s stock worth $396,615,000 after acquiring an additional 4,770,260 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of LyondellBasell Industries by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 6,937,351 shares of the specialty chemicals company’s stock worth $300,998,000 after acquiring an additional 305,519 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the firm’s 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 approximately $359,107,643.34. This trade represents a 6.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. KeyCorp raised LyondellBasell Industries from a “sector weight” rating to an “overweight” rating and set a $73.00 target price on the stock in a research report on Wednesday, March 4th. UBS Group cut their target price on LyondellBasell Industries from $82.00 to $73.00 and set a “neutral” rating on the stock in a research report on Friday. Jefferies Financial Group raised their target price on LyondellBasell Industries from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, April 16th. BMO Capital Markets raised their target price on LyondellBasell Industries from $82.00 to $88.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 5th. Finally, Wells Fargo & Company raised LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $80.00 to $98.00 in a research report on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, LyondellBasell Industries has a consensus rating of “Hold” and a consensus target price of $76.71.

LyondellBasell Industries Stock Performance

Shares of LyondellBasell Industries stock opened at $64.58 on Friday. The firm’s fifty day simple moving average is $72.77 and its 200-day simple moving average is $59.82. The stock has a market capitalization of $20.84 billion, a price-to-earnings ratio of -25.93, a PEG ratio of 0.15 and a beta of 0.28. LyondellBasell Industries N.V. has a 12 month low of $41.58 and a 12 month high of $83.94. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.54 and a quick ratio of 1.03.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.18. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The company had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $7.53 billion. During the same period last year, the firm posted $0.33 EPS. LyondellBasell Industries’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, equities analysts forecast that LyondellBasell Industries N.V. will post 8.73 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Monday, June 1st will be given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Monday, June 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -110.84%.

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.