LyondellBasell Industries N.V. $LYB Shares Bought by Hosking Partners LLP

Hosking Partners LLP lifted its position in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 33.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 595,587 shares of the specialty chemicals company’s stock after acquiring an additional 148,673 shares during the quarter. Hosking Partners LLP owned 0.19% of LyondellBasell Industries worth $29,208,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Park Avenue Securities LLC increased its position in shares of LyondellBasell Industries by 18.5% in the third quarter. Park Avenue Securities LLC now owns 21,038 shares of the specialty chemicals company’s stock valued at $1,032,000 after buying an additional 3,289 shares in the last quarter. Abundance Wealth Counselors increased its position in LyondellBasell Industries by 6.0% during the third quarter. Abundance Wealth Counselors now owns 13,766 shares of the specialty chemicals company’s stock worth $675,000 after buying an additional 784 shares in the last quarter. Greenleaf Trust raised its holdings in shares of LyondellBasell Industries by 24.6% in the third quarter. Greenleaf Trust now owns 6,527 shares of the specialty chemicals company’s stock worth $320,000 after acquiring an additional 1,290 shares during the last quarter. KG&L Capital Management LLC lifted its position in shares of LyondellBasell Industries by 10.3% in the third quarter. KG&L Capital Management LLC now owns 7,806 shares of the specialty chemicals company’s stock valued at $419,000 after acquiring an additional 730 shares in the last quarter. Finally, Centennial Wealth Advisory LLC increased its position in LyondellBasell Industries by 5.4% during the 3rd quarter. Centennial Wealth Advisory LLC now owns 11,686 shares of the specialty chemicals company’s stock worth $573,000 after purchasing an additional 597 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, EVP Kimberly A. Foley bought 5,661 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were bought at an average cost of $43.56 per share, with a total value of $246,593.16. Following the transaction, the executive vice president directly owned 67,688 shares in the company, valued at approximately $2,948,489.28. This trade represents a 9.13% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.14% of the stock is owned by corporate insiders.

LyondellBasell Industries Stock Down 2.8%

Shares of NYSE:LYB opened at $44.91 on Thursday. The company has a market capitalization of $14.46 billion, a price-to-earnings ratio of -11.98 and a beta of 0.70. The company has a 50 day moving average of $44.46 and a two-hundred day moving average of $50.99. LyondellBasell Industries N.V. has a 52-week low of $41.58 and a 52-week high of $79.39. The company has a quick ratio of 0.93, a current ratio of 1.57 and a debt-to-equity ratio of 1.00.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.21. LyondellBasell Industries had a negative net margin of 3.70% and a positive return on equity of 7.50%. The business had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $7.41 billion. During the same period in the prior year, the firm earned $1.88 earnings per share. The business’s quarterly revenue was down 10.2% compared to the same quarter last year. As a group, 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 disclosed a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, December 1st were paid a dividend of $1.37 per share. This represents a $5.48 dividend on an annualized basis and a yield of 12.2%. The ex-dividend date was Monday, December 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is -146.13%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on LYB shares. Zacks Research upgraded shares of LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 2nd. Jefferies Financial Group decreased their target price on shares of LyondellBasell Industries from $50.00 to $46.00 and set a “hold” rating on the stock in a research report on Monday, December 8th. Vertical Research lowered LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $48.00 price target on the stock. in a research note on Wednesday. Bank of America lowered their price objective on LyondellBasell Industries from $55.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating on the stock in a research report on Wednesday, October 1st. Two analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, LyondellBasell Industries currently has an average rating of “Reduce” and a consensus price target of $53.33.

About LyondellBasell Industries

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.