Plancorp LLC Takes $440,000 Position in LyondellBasell Industries N.V. $LYB

Plancorp LLC bought a new stake in LyondellBasell Industries N.V. (NYSE:LYB) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,164 shares of the specialty chemicals company’s stock, valued at approximately $440,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Muhlenkamp & Co. Inc. raised its position in shares of LyondellBasell Industries by 0.9% in the 4th quarter. Muhlenkamp & Co. Inc. now owns 185,821 shares of the specialty chemicals company’s stock valued at $8,046,000 after buying an additional 1,746 shares in the last quarter. Valley Wealth Managers Inc. raised its position in shares of LyondellBasell Industries by 4.8% in the 4th quarter. Valley Wealth Managers Inc. now owns 57,428 shares of the specialty chemicals company’s stock valued at $2,487,000 after buying an additional 2,656 shares in the last quarter. Versor Investments LP raised its position in shares of LyondellBasell Industries by 43.2% in the 4th quarter. Versor Investments LP now owns 25,779 shares of the specialty chemicals company’s stock valued at $1,116,000 after buying an additional 7,779 shares in the last quarter. Bailard Inc. raised its position in shares of LyondellBasell Industries by 10.9% in the 4th quarter. Bailard Inc. now owns 25,200 shares of the specialty chemicals company’s stock valued at $1,091,000 after buying an additional 2,476 shares in the last quarter. Finally, swisspartners Advisors Ltd raised its position in shares of LyondellBasell Industries by 62.9% in the 4th quarter. swisspartners Advisors Ltd now owns 186,663 shares of the specialty chemicals company’s stock valued at $8,072,000 after buying an additional 72,100 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the business’s stock in a transaction that occurred 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 sale, the insider directly owned 5,270,918 shares of the company’s stock, valued at $359,107,643.34. The trade was a 6.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.14% of the stock is owned by insiders.

LyondellBasell Industries Price Performance

LYB stock opened at $73.19 on Friday. LyondellBasell Industries N.V. has a 1 year low of $41.58 and a 1 year 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. The stock has a market cap of $23.63 billion, a price-to-earnings ratio of -29.39, a P/E/G ratio of 0.17 and a beta of 0.32. The company has a 50 day simple moving average of $73.28 and a 200 day simple moving average of $57.21.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $7.20 billion for the quarter, compared to analyst estimates of $7.53 billion. During the same period in the previous year, the firm posted $0.33 EPS. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. Research analysts anticipate that LyondellBasell Industries N.V. will post 8.73 EPS for the current fiscal year.

LyondellBasell Industries Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Monday, March 2nd. LyondellBasell Industries’s payout ratio is presently -110.84%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on LYB shares. Wells Fargo & Company lowered their price objective on shares of LyondellBasell Industries from $87.00 to $80.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 5th. JPMorgan Chase & Co. upped their price objective on shares of LyondellBasell Industries from $50.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Citigroup upped their price objective on shares of LyondellBasell Industries from $76.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, April 8th. The Goldman Sachs Group upped their price objective on shares of LyondellBasell Industries from $51.00 to $75.00 and gave the stock a “sell” rating in a research report on Monday, May 4th. Finally, Morgan Stanley upped their price objective on shares of LyondellBasell Industries from $52.00 to $77.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $76.76.

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.