Osaic Holdings Inc. Purchases 46,618 Shares of LyondellBasell Industries N.V. $LYB

Osaic Holdings Inc. boosted its position in LyondellBasell Industries N.V. (NYSE:LYB) by 113.7% during the second quarter, HoldingsChannel reports. The fund owned 87,606 shares of the specialty chemicals company’s stock after buying an additional 46,618 shares during the quarter. Osaic Holdings Inc.’s holdings in LyondellBasell Industries were worth $5,425,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CW Advisors LLC purchased a new position in shares of LyondellBasell Industries in the first quarter worth about $572,000. Ameriprise Financial Inc. grew its stake in LyondellBasell Industries by 22.1% in the 1st quarter. Ameriprise Financial Inc. now owns 819,917 shares of the specialty chemicals company’s stock valued at $57,712,000 after buying an additional 148,526 shares in the last quarter. Kestra Advisory Services LLC grew its stake in LyondellBasell Industries by 12.5% in the 1st quarter. Kestra Advisory Services LLC now owns 15,101 shares of the specialty chemicals company’s stock valued at $1,063,000 after buying an additional 1,680 shares in the last quarter. Jump Financial LLC raised its holdings in LyondellBasell Industries by 59.0% during the 1st quarter. Jump Financial LLC now owns 15,167 shares of the specialty chemicals company’s stock valued at $1,068,000 after acquiring an additional 5,627 shares during the period. Finally, Samalin Investment Counsel LLC purchased a new stake in shares of LyondellBasell Industries during the first quarter worth $787,000. Institutional investors own 71.20% of the company’s stock.

Wall Street Analysts Forecast Growth

LYB has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft decreased their price objective on LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating on the stock in a research note on Wednesday, October 1st. Alembic Global Advisors upgraded LyondellBasell Industries to a “hold” rating in a research report on Monday, October 20th. Wells Fargo & Company restated an “equal weight” rating and issued a $45.00 price objective (down from $55.00) on shares of LyondellBasell Industries in a research report on Friday, December 19th. Mizuho lowered their target price on shares of LyondellBasell Industries from $52.00 to $49.00 and set a “neutral” rating on the stock in a research note on Thursday, December 11th. Finally, The Goldman Sachs Group reduced their price target on shares of LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating for the company in a research report on Friday, October 17th. Two investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $53.65.

LyondellBasell Industries Price Performance

Shares of NYSE:LYB opened at $42.61 on Wednesday. The company’s fifty day moving average price is $45.03 and its 200-day moving average price is $52.15. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.57 and a quick ratio of 0.93. The firm has a market capitalization of $13.72 billion, a price-to-earnings ratio of -11.36 and a beta of 0.71. LyondellBasell Industries N.V. has a one year low of $41.58 and a one year high of $79.39.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.21. The company had revenue of $7.73 billion during the quarter, compared to analyst estimates of $7.41 billion. LyondellBasell Industries had a negative net margin of 3.70% and a positive return on equity of 7.50%. The firm’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.88 earnings per share. On average, equities research analysts anticipate that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, December 1st were given a dividend of $1.37 per share. The ex-dividend date was Monday, December 1st. This represents a $5.48 annualized dividend and a dividend yield of 12.9%. LyondellBasell Industries’s dividend payout ratio is -146.13%.

Insider Buying and Selling at LyondellBasell Industries

In other news, EVP Kimberly A. Foley bought 5,661 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was bought at an average price of $43.56 per share, for a total transaction of $246,593.16. Following the transaction, the executive vice president directly owned 67,688 shares of the company’s stock, valued at $2,948,489.28. This represents a 9.13% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

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.