LyondellBasell Industries N.V. $LYB Shares Sold by XML Financial LLC

XML Financial LLC cut its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 36.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,916 shares of the specialty chemicals company’s stock after selling 12,404 shares during the period. XML Financial LLC’s holdings in LyondellBasell Industries were worth $949,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Capital World Investors increased its holdings in shares of LyondellBasell Industries by 13.1% in the 3rd quarter. Capital World Investors now owns 9,807,743 shares of the specialty chemicals company’s stock worth $480,972,000 after acquiring an additional 1,135,258 shares during the period. Bruce & Co. Inc. grew its position in LyondellBasell Industries by 50.0% in the 3rd quarter. Bruce & Co. Inc. now owns 60,000 shares of the specialty chemicals company’s stock worth $2,942,000 after purchasing an additional 20,000 shares during the last quarter. TD Asset Management Inc increased its stake in shares of LyondellBasell Industries by 12.8% in the third quarter. TD Asset Management Inc now owns 286,067 shares of the specialty chemicals company’s stock valued at $14,029,000 after purchasing an additional 32,401 shares during the period. Barclays PLC raised its holdings in shares of LyondellBasell Industries by 3.5% during the third quarter. Barclays PLC now owns 1,006,356 shares of the specialty chemicals company’s stock valued at $49,352,000 after buying an additional 33,873 shares during the last quarter. Finally, Capital International Inc. CA raised its holdings in shares of LyondellBasell Industries by 29.2% during the third quarter. Capital International Inc. CA now owns 69,146 shares of the specialty chemicals company’s stock valued at $3,391,000 after buying an additional 15,644 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

Shares of NYSE:LYB opened at $64.58 on Monday. The stock has a market cap of $20.84 billion, a price-to-earnings ratio of -25.93, a PEG ratio of 0.15 and a beta of 0.28. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.54 and a quick ratio of 1.03. LyondellBasell Industries N.V. has a 12 month low of $41.58 and a 12 month high of $83.94. The stock’s 50 day moving average price is $72.77 and its 200 day moving average price is $59.93.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.18. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.The company had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $7.53 billion. During the same period last year, the firm earned $0.33 EPS. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. Equities research analysts anticipate that LyondellBasell Industries N.V. will post 8.73 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Monday, June 1st will be issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Monday, June 1st. LyondellBasell Industries’s payout ratio is presently -110.84%.

Analyst Ratings Changes

A number of brokerages recently issued reports on LYB. Mizuho increased their price objective on LyondellBasell Industries from $74.00 to $76.00 in a report on Friday, May 1st. Royal Bank Of Canada boosted their price target on LyondellBasell Industries from $91.00 to $94.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Wolfe Research increased their price target on LyondellBasell Industries from $38.00 to $62.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 14th. Wells Fargo & Company raised LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $80.00 to $98.00 in a report on Thursday, May 28th. Finally, UBS Group reduced their price objective on shares of LyondellBasell Industries from $82.00 to $73.00 and set a “neutral” rating for the company in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $76.71.

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.