LyondellBasell Industries N.V. $LYB Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN trimmed its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 73.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,350 shares of the specialty chemicals company’s stock after selling 31,950 shares during the period. OLD National Bancorp IN’s holdings in LyondellBasell Industries were worth $914,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of LYB. Louisiana State Employees Retirement System purchased a new stake in shares of LyondellBasell Industries during the 1st quarter worth $1,055,000. Triangle Securities Wealth Management purchased a new stake in LyondellBasell Industries during the first quarter worth about $1,109,000. Hoxton Planning & Management LLC grew its position in LyondellBasell Industries by 11.1% during the first quarter. Hoxton Planning & Management LLC now owns 8,335 shares of the specialty chemicals company’s stock worth $671,000 after buying an additional 833 shares during the period. MinichMacGregor Wealth Management LLC purchased a new position in LyondellBasell Industries in the first quarter valued at about $248,000. Finally, Fifth Third Wealth Advisors LLC increased its holdings in LyondellBasell Industries by 17.4% in the first quarter. Fifth Third Wealth Advisors LLC now owns 11,615 shares of the specialty chemicals company’s stock valued at $936,000 after buying an additional 1,718 shares in the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Trading Down 0.3%

Shares of LYB stock opened at $55.67 on Friday. The company has a market capitalization of $17.97 billion, a price-to-earnings ratio of -22.36, a PEG ratio of 0.12 and a beta of 0.28. The company has a current ratio of 1.54, a quick ratio of 1.03 and a debt-to-equity ratio of 1.12. The firm has a 50-day moving average price of $67.85 and a 200 day moving average price of $61.41. LyondellBasell Industries N.V. has a twelve month low of $41.58 and a twelve month high of $83.94.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.18. The business had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $7.53 billion. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 earnings per share. Research analysts forecast that LyondellBasell Industries N.V. will post 9.22 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Monday, June 1st were issued a $0.69 dividend. The ex-dividend date was Monday, June 1st. This represents a $2.76 annualized dividend and a yield of 5.0%. LyondellBasell Industries’s payout ratio is -110.84%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Vertical Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Monday, March 9th. Mizuho boosted their target price on LyondellBasell Industries from $74.00 to $76.00 in a research report on Friday, May 1st. Wolfe Research upped their target price on LyondellBasell Industries from $38.00 to $62.00 and gave the company an “underperform” rating in a report on Tuesday, April 14th. Wall Street Zen cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, 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 research note on Wednesday, March 4th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $75.94.

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.