Geode Capital Management LLC Acquires 305,519 Shares of LyondellBasell Industries N.V. $LYB

Geode Capital Management LLC grew its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 4.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,937,351 shares of the specialty chemicals company’s stock after purchasing an additional 305,519 shares during the period. Geode Capital Management LLC’s holdings in LyondellBasell Industries were worth $300,998,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Kestra Investment Management LLC boosted its stake in shares of LyondellBasell Industries by 5.3% during the 4th quarter. Kestra Investment Management LLC now owns 28,139 shares of the specialty chemicals company’s stock valued at $1,218,000 after purchasing an additional 1,411 shares in the last quarter. Harbour Investments Inc. boosted its stake in shares of LyondellBasell Industries by 74.7% during the 4th quarter. Harbour Investments Inc. now owns 884 shares of the specialty chemicals company’s stock valued at $38,000 after purchasing an additional 378 shares in the last quarter. Allstate Corp boosted its stake in shares of LyondellBasell Industries by 94.6% during the 4th quarter. Allstate Corp now owns 17,934 shares of the specialty chemicals company’s stock valued at $777,000 after purchasing an additional 8,720 shares in the last quarter. Clearstead Advisors LLC boosted its stake in shares of LyondellBasell Industries by 140.3% during the 4th quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 390 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in shares of LyondellBasell Industries by 38.0% during the 4th quarter. Hantz Financial Services Inc. now owns 2,268 shares of the specialty chemicals company’s stock valued at $98,000 after purchasing an additional 624 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the company’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 value of $26,199,255.24. Following the completion of the transaction, the insider directly owned 5,270,918 shares in the company, valued at $359,107,643.34. This represents a 6.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.14% of the stock is currently owned by insiders.

LyondellBasell Industries Stock Performance

Shares of NYSE LYB opened at $67.14 on Tuesday. The firm has a 50 day moving average of $73.42 and a 200 day moving average of $59.32. 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 market capitalization of $21.67 billion, a price-to-earnings ratio of -26.97, a price-to-earnings-growth ratio of 0.15 and a beta of 0.28. LyondellBasell Industries N.V. has a 12-month low of $41.58 and a 12-month high of $83.94.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly 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. The business had revenue of $7.20 billion during the quarter, compared to analyst estimates 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 revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 earnings per share. On average, research analysts anticipate that LyondellBasell Industries N.V. will post 8.73 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Monday, June 1st will be given a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Monday, June 1st. LyondellBasell Industries’s dividend payout ratio is presently -110.84%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of LyondellBasell Industries from $52.00 to $77.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Weiss Ratings raised shares of LyondellBasell Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, May 19th. Bank of America reissued an “underperform” rating and set a $55.00 price target on shares of LyondellBasell Industries in a research report on Monday, April 6th. Royal Bank Of Canada lifted their price target on shares of LyondellBasell Industries from $91.00 to $94.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Finally, KeyCorp raised shares of LyondellBasell Industries from a “sector weight” rating to an “overweight” rating and set a $73.00 price target for the company in a research report on Wednesday, March 4th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $77.24.

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.