LyondellBasell Industries N.V. $LYB Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd reduced its position in LyondellBasell Industries N.V. (NYSE:LYB) by 85.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,439 shares of the specialty chemicals company’s stock after selling 90,747 shares during the period. WINTON GROUP Ltd’s holdings in LyondellBasell Industries were worth $757,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of LYB. Rockefeller Capital Management L.P. grew its holdings in shares of LyondellBasell Industries by 62.2% during the second 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 in the last quarter. Kingsview Wealth Management LLC boosted its position in LyondellBasell Industries by 375.1% during the second quarter. Kingsview Wealth Management LLC now owns 18,007 shares of the specialty chemicals company’s stock worth $1,042,000 after acquiring an additional 14,217 shares during the last quarter. Hosking Partners LLP boosted 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 worth $29,208,000 after acquiring an additional 148,673 shares during the last quarter. Norges Bank purchased a new stake in LyondellBasell Industries in the 2nd quarter worth approximately $280,000,000. Finally, Wealthedge Investment Advisors LLC acquired a new position in LyondellBasell Industries in the 2nd quarter valued at $2,192,000. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LYB. Weiss Ratings reissued a “sell (d+)” rating on shares of LyondellBasell Industries in a research note on Thursday, January 22nd. BMO Capital Markets upgraded LyondellBasell Industries from an “underperform” rating to a “market perform” rating and upped their target price for the company from $38.00 to $68.00 in a research note on Thursday, March 5th. Citigroup upgraded LyondellBasell Industries from a “neutral” rating to a “buy” rating and increased their target price for the stock from $49.00 to $76.00 in a research report on Thursday. Wells Fargo & Company set a $76.00 price target on LyondellBasell Industries in a research note on Thursday. Finally, Mizuho lifted their price target on LyondellBasell Industries from $49.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, thirteen have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $61.61.

LyondellBasell Industries Trading Down 2.4%

Shares of NYSE LYB traded down $1.81 during trading on Friday, hitting $72.52. 3,105,053 shares of the company traded hands, compared to its average volume of 7,567,842. The firm has a market capitalization of $23.37 billion, a P/E ratio of -31.02, a P/E/G ratio of 0.57 and a beta of 0.64. The company has a quick ratio of 1.20, a current ratio of 1.77 and a debt-to-equity ratio of 1.20. The company has a 50-day moving average price of $54.87 and a 200-day moving average price of $50.15. LyondellBasell Industries N.V. has a 1 year low of $41.58 and a 1 year high of $75.62.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results 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). LyondellBasell Industries had a positive return on equity of 4.93% and a negative net margin of 2.46%.The firm had revenue of $7.09 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same period last year, the business posted $0.75 earnings per share. The company’s quarterly revenue was down 9.2% compared to the same quarter last year. On average, equities analysts predict that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, March 2nd were issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Monday, March 2nd. LyondellBasell Industries’s dividend payout ratio (DPR) is -118.45%.

Insider Buying and Selling at LyondellBasell Industries

In other news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of LyondellBasell Industries stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $68.13, for a total value of $26,199,255.24. Following the transaction, 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 document filed with the SEC, which is available at this link. 0.14% of the stock is owned by corporate insiders.

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.