Swiss Life Asset Management Ltd Has $34.72 Million Stock Holdings in LyondellBasell Industries N.V. $LYB

Swiss Life Asset Management Ltd decreased its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 1.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 708,063 shares of the specialty chemicals company’s stock after selling 10,943 shares during the period. Swiss Life Asset Management Ltd’s holdings in LyondellBasell Industries were worth $34,723,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Woodline Partners LP lifted its stake in LyondellBasell Industries by 40.4% in the first quarter. Woodline Partners LP now owns 21,899 shares of the specialty chemicals company’s stock valued at $1,542,000 after buying an additional 6,297 shares during the period. Focus Partners Wealth grew its position in shares of LyondellBasell Industries by 35.4% during the 1st quarter. Focus Partners Wealth now owns 6,866 shares of the specialty chemicals company’s stock worth $483,000 after buying an additional 1,796 shares during the period. Allworth Financial LP grew its position in shares of LyondellBasell Industries by 46.0% during the 2nd quarter. Allworth Financial LP now owns 2,264 shares of the specialty chemicals company’s stock worth $131,000 after buying an additional 713 shares during the period. Police & Firemen s Retirement System of New Jersey increased its stake in shares of LyondellBasell Industries by 2.9% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 39,166 shares of the specialty chemicals company’s stock valued at $2,266,000 after acquiring an additional 1,107 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of LyondellBasell Industries by 6.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 63,060 shares of the specialty chemicals company’s stock valued at $3,649,000 after acquiring an additional 3,784 shares during the period. 71.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LYB has been the topic of several recent analyst reports. Wells Fargo & Company lifted their price objective on shares of LyondellBasell Industries from $48.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, March 13th. Royal Bank Of Canada upgraded shares of LyondellBasell Industries from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $51.00 to $82.00 in a report on Monday, March 9th. BMO Capital Markets raised shares of LyondellBasell Industries from an “underperform” rating to a “market perform” rating and lifted their price target for the stock from $38.00 to $68.00 in a research report on Thursday, March 5th. Mizuho boosted their price target on shares of LyondellBasell Industries from $49.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, January 30th. Finally, Wolfe Research lowered their price objective on shares of LyondellBasell Industries from $39.00 to $38.00 and set an “underperform” rating for the company in a research report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $63.22.

Insider Buying and Selling

In related news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the business’s stock in a transaction 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 sale, the insider directly owned 5,270,918 shares of the company’s stock, valued at approximately $359,107,643.34. The trade was a 6.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

LyondellBasell Industries Price Performance

Shares of LYB opened at $75.37 on Thursday. The stock has a 50 day simple moving average of $57.05 and a 200 day simple moving average of $50.56. LyondellBasell Industries N.V. has a 52-week low of $41.58 and a 52-week high of $76.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.20 and a current ratio of 1.77. The firm has a market capitalization of $24.28 billion, a PE ratio of -32.35, a P/E/G ratio of 0.61 and a beta of 0.64.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) EPS 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 company had revenue of $7.09 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same quarter last year, the business posted $0.75 earnings per share. The business’s quarterly revenue was down 9.2% on a year-over-year basis. Sell-side analysts predict that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Monday, March 2nd were issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Monday, March 2nd. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -118.45%.

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.