Swedbank AB Grows Stake in LyondellBasell Industries N.V. $LYB

Swedbank AB boosted its position in LyondellBasell Industries N.V. (NYSE:LYB) by 16.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 242,726 shares of the specialty chemicals company’s stock after buying an additional 33,399 shares during the period. Swedbank AB’s holdings in LyondellBasell Industries were worth $10,510,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of LYB. Stance Capital LLC purchased a new position in LyondellBasell Industries in the 3rd quarter valued at approximately $27,000. Quent Capital LLC purchased a new position in LyondellBasell Industries in the 3rd quarter valued at approximately $29,000. ORG Partners LLC increased its stake in LyondellBasell Industries by 960.0% in the 4th quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock valued at $30,000 after purchasing an additional 624 shares in the last quarter. United Community Bank grew its holdings in LyondellBasell Industries by 83.2% during the 3rd quarter. United Community Bank now owns 623 shares of the specialty chemicals company’s stock valued at $31,000 after buying an additional 283 shares during the last quarter. Finally, Quarry LP acquired a new stake in LyondellBasell Industries during the 3rd quarter valued at $31,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $68.13, for a total transaction of $26,199,255.24. Following the sale, the insider owned 5,270,918 shares in the company, valued at $359,107,643.34. This trade represents a 6.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is owned by company insiders.

LyondellBasell Industries Price Performance

LYB stock opened at $71.79 on Friday. LyondellBasell Industries N.V. has a 52-week low of $41.58 and a 52-week high of $83.94. The stock’s fifty day simple moving average is $71.69 and its 200-day simple moving average is $56.25. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $23.17 billion, a price-to-earnings ratio of -28.83, a price-to-earnings-growth ratio of 0.17 and a beta of 0.32.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share (EPS) for the quarter, topping 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 business had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $7.53 billion. During the same quarter last year, the firm earned $0.33 earnings per share. The business’s revenue was down 6.3% on a year-over-year basis. Equities research analysts expect that LyondellBasell Industries N.V. will post 8.73 EPS for the current year.

LyondellBasell Industries Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.69 per share. The ex-dividend date was Monday, March 2nd. This represents a $2.76 annualized dividend and a dividend yield of 3.8%. LyondellBasell Industries’s dividend payout ratio (DPR) is -110.84%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LYB. KeyCorp upgraded LyondellBasell Industries from a “sector weight” rating to an “overweight” rating and set a $73.00 target price on the stock in a report on Wednesday, March 4th. Bank of America reiterated an “underperform” rating and set a $55.00 target price on shares of LyondellBasell Industries in a report on Monday, April 6th. Royal Bank Of Canada increased their target price on LyondellBasell Industries from $91.00 to $94.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Fermium Researc upgraded LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, March 9th. Finally, Wolfe Research increased their target price on LyondellBasell Industries from $38.00 to $62.00 and gave the company an “underperform” rating in a report on Tuesday, April 14th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $76.59.

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.