Wealthfront Advisers LLC Lowers Stock Holdings in LyondellBasell Industries N.V. $LYB

Wealthfront Advisers LLC cut its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 17.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 86,028 shares of the specialty chemicals company’s stock after selling 18,159 shares during the period. Wealthfront Advisers LLC’s holdings in LyondellBasell Industries were worth $4,219,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in LYB. Bank of Montreal Can grew its holdings in LyondellBasell Industries by 2.4% in the second quarter. Bank of Montreal Can now owns 651,236 shares of the specialty chemicals company’s stock valued at $37,681,000 after purchasing an additional 15,264 shares during the period. Rockefeller Capital Management L.P. raised its position in shares of LyondellBasell Industries by 62.2% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 42,321 shares of the specialty chemicals company’s stock worth $2,583,000 after buying an additional 16,234 shares during the period. Kingsview Wealth Management LLC boosted its holdings in LyondellBasell Industries by 375.1% in the second quarter. Kingsview Wealth Management LLC now owns 18,007 shares of the specialty chemicals company’s stock valued at $1,042,000 after acquiring an additional 14,217 shares during the last quarter. Hosking Partners LLP grew its position in LyondellBasell Industries by 33.3% during the third quarter. Hosking Partners LLP now owns 595,587 shares of the specialty chemicals company’s stock valued at $29,208,000 after acquiring an additional 148,673 shares during the period. Finally, Norges Bank acquired a new stake in LyondellBasell Industries during the second quarter worth about $280,000,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on LYB shares. Mizuho boosted their target price on LyondellBasell Industries from $49.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. Vertical Research downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $48.00 target price on the stock. in a research note on Wednesday, January 7th. Royal Bank Of Canada raised their target price on LyondellBasell Industries from $49.00 to $51.00 and gave the company a “sector perform” rating in a report on Tuesday, February 3rd. BMO Capital Markets restated an “underperform” rating and issued a $36.00 price target (down previously from $48.00) on shares of LyondellBasell Industries in a report on Monday, December 15th. Finally, Fermium Researc lowered shares of LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 3rd. One research analyst has rated the stock with a Buy rating, seventeen have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $51.00.

LyondellBasell Industries Stock Down 2.8%

Shares of NYSE:LYB opened at $57.80 on Friday. The firm has a market cap of $18.60 billion, a PE ratio of -24.81, a price-to-earnings-growth ratio of 0.41 and a beta of 0.70. The company has a fifty day simple moving average of $48.03 and a 200 day simple moving average of $49.26. The company has a current ratio of 1.77, a quick ratio of 1.20 and a debt-to-equity ratio of 1.20. LyondellBasell Industries N.V. has a 12-month low of $41.58 and a 12-month high of $78.52.

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

LyondellBasell Industries Dividend Announcement

The company 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. The ex-dividend date was Monday, December 1st. This represents a $5.48 annualized dividend and a yield of 9.5%. LyondellBasell Industries’s dividend payout ratio is presently -235.19%.

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.