DDD Partners LLC Sells 71,376 Shares of LyondellBasell Industries N.V. $LYB

DDD Partners LLC decreased its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 19.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 292,750 shares of the specialty chemicals company’s stock after selling 71,376 shares during the quarter. DDD Partners LLC’s holdings in LyondellBasell Industries were worth $14,356,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in LYB. Dodge & Cox raised its holdings in LyondellBasell Industries by 0.4% in the 2nd quarter. Dodge & Cox now owns 16,969,997 shares of the specialty chemicals company’s stock valued at $981,884,000 after acquiring an additional 73,965 shares in the last quarter. State Street Corp increased its position in shares of LyondellBasell Industries by 4.1% during the second quarter. State Street Corp now owns 12,915,151 shares of the specialty chemicals company’s stock valued at $747,271,000 after purchasing an additional 514,057 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of LyondellBasell Industries by 2.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 9,476,600 shares of the specialty chemicals company’s stock valued at $548,316,000 after purchasing an additional 237,038 shares in the last quarter. Geode Capital Management LLC lifted its position in LyondellBasell Industries by 0.4% in the second quarter. Geode Capital Management LLC now owns 6,824,462 shares of the specialty chemicals company’s stock worth $395,486,000 after purchasing an additional 24,161 shares during the period. Finally, Norges Bank acquired a new stake in LyondellBasell Industries during the second quarter worth $280,000,000. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Performance

NYSE LYB opened at $57.54 on Friday. LyondellBasell Industries N.V. has a 1-year low of $41.58 and a 1-year high of $78.52. The company has a 50 day moving average of $48.31 and a 200-day moving average of $49.22. The company has a current ratio of 1.77, a quick ratio of 1.20 and a debt-to-equity ratio of 1.20. The firm has a market cap of $18.52 billion, a price-to-earnings ratio of -24.70, a PEG ratio of 0.39 and a beta of 0.70.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.44). LyondellBasell Industries had a positive return on equity of 4.94% and a negative net margin of 2.46%.The business had revenue of $7.09 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter last year, the company earned $0.75 earnings per share. The firm’s revenue was down 9.2% on a year-over-year basis. On average, equities analysts forecast that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, December 1st were paid a $1.37 dividend. The ex-dividend date 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 -235.19%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on LYB shares. Evercore dropped their price objective on shares of LyondellBasell Industries from $65.00 to $57.00 and set an “in-line” rating for the company in a research note on Tuesday, November 11th. Wolfe Research lowered their target price on shares of LyondellBasell Industries from $39.00 to $38.00 and set an “underperform” rating on the stock in a research note on Monday, February 2nd. Alembic Global Advisors raised shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, October 20th. Wall Street Zen downgraded LyondellBasell Industries from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Finally, BMO Capital Markets reissued an “underperform” rating and issued a $36.00 target price (down from $48.00) on shares of LyondellBasell Industries in a report on Monday, December 15th. One analyst has rated the stock with a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $51.00.

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.