Cincinnati Financial Corp Sells 100,000 Shares of LyondellBasell Industries N.V. $LYB

Cincinnati Financial Corp decreased its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 45.0% in the third quarter, Holdings Channel reports. The institutional investor owned 121,991 shares of the specialty chemicals company’s stock after selling 100,000 shares during the quarter. Cincinnati Financial Corp’s holdings in LyondellBasell Industries were worth $5,982,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Woodline Partners LP raised its position in shares of LyondellBasell Industries by 40.4% in the 1st quarter. Woodline Partners LP now owns 21,899 shares of the specialty chemicals company’s stock worth $1,542,000 after purchasing an additional 6,297 shares during the last quarter. Focus Partners Wealth increased its stake in LyondellBasell Industries by 35.4% during the 1st quarter. Focus Partners Wealth now owns 6,866 shares of the specialty chemicals company’s stock valued at $483,000 after purchasing an additional 1,796 shares in the last quarter. Vontobel Holding Ltd. raised its holdings in LyondellBasell Industries by 55.5% in the second quarter. Vontobel Holding Ltd. now owns 6,055 shares of the specialty chemicals company’s stock worth $350,000 after buying an additional 2,160 shares during the last quarter. Callan Family Office LLC bought a new position in shares of LyondellBasell Industries in the second quarter worth approximately $432,000. Finally, Blue Trust Inc. grew its holdings in shares of LyondellBasell Industries by 27.3% during the second quarter. Blue Trust Inc. now owns 2,660 shares of the specialty chemicals company’s stock valued at $154,000 after buying an additional 571 shares during the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on LYB shares. The Goldman Sachs Group restated a “sell” rating on shares of LyondellBasell Industries in a report on Monday, February 2nd. Weiss Ratings restated a “sell (d+)” rating on shares of LyondellBasell Industries in a research note on Thursday, January 22nd. Bank of America lowered their price target on LyondellBasell Industries from $52.00 to $46.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. UBS Group reduced their price objective on LyondellBasell Industries from $41.00 to $38.00 and set a “sell” rating for the company in a report on Tuesday, December 23rd. Finally, Fermium Researc cut shares of LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 3rd. One equities research analyst has rated the stock with a Buy rating, seventeen have issued a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $51.00.

LyondellBasell Industries Stock Performance

Shares of LYB opened at $57.70 on Wednesday. The firm has a market capitalization of $18.57 billion, a P/E ratio of -24.76, a PEG ratio of 0.38 and a beta of 0.70. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.77 and a quick ratio of 1.20. LyondellBasell Industries N.V. has a one year low of $41.58 and a one year high of $78.52. The business has a fifty day moving average of $47.47 and a 200 day moving average of $49.13.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.44). The firm had revenue of $7.09 billion during the quarter, compared to the consensus estimate of $6.82 billion. LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.94%. The firm’s revenue was down 9.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.75 EPS. As a group, sell-side analysts anticipate that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, December 1st were issued a $1.37 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $5.48 dividend on an annualized basis and a dividend yield of 9.5%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -235.19%.

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.