LyondellBasell Industries N.V. $LYB Shares Sold by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd reduced its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 8.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 647,205 shares of the specialty chemicals company’s stock after selling 60,858 shares during the period. Swiss Life Asset Management Ltd’s holdings in LyondellBasell Industries were worth $28,024,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in LyondellBasell Industries by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 30,965,458 shares of the specialty chemicals company’s stock worth $1,518,546,000 after purchasing an additional 84,251 shares during the period. State Street Corp grew its position in LyondellBasell Industries by 2.1% during the 3rd quarter. State Street Corp now owns 13,182,950 shares of the specialty chemicals company’s stock worth $646,492,000 after purchasing an additional 267,799 shares during the period. Capital World Investors grew its position in LyondellBasell Industries by 13.1% during the 3rd quarter. Capital World Investors now owns 9,807,743 shares of the specialty chemicals company’s stock worth $480,972,000 after purchasing an additional 1,135,258 shares during the period. Capital Research Global Investors grew its position in LyondellBasell Industries by 470.1% during the 3rd quarter. Capital Research Global Investors now owns 4,389,442 shares of the specialty chemicals company’s stock worth $215,258,000 after purchasing an additional 3,619,468 shares during the period. Finally, Capital International Investors grew its position in LyondellBasell Industries by 0.4% during the 3rd quarter. Capital International Investors now owns 2,807,960 shares of the specialty chemicals company’s stock worth $137,702,000 after purchasing an additional 10,349 shares during the period. 71.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on LYB. KeyCorp raised LyondellBasell Industries from a “sector weight” rating to an “overweight” rating and set a $73.00 price target on the stock in a research report on Wednesday, March 4th. Bank of America reaffirmed an “underperform” rating and set a $55.00 price target on shares of LyondellBasell Industries in a research report on Monday, April 6th. Mizuho raised their target price on LyondellBasell Industries from $74.00 to $76.00 in a research report on Friday, May 1st. Jefferies Financial Group raised their target price on LyondellBasell Industries from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, April 16th. Finally, Evercore raised their target price on LyondellBasell Industries from $57.00 to $70.00 in a research report on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $76.59.

Insiders Place Their Bets

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

LyondellBasell Industries Trading Up 2.5%

Shares of LyondellBasell Industries stock opened at $73.53 on Tuesday. The firm has a market capitalization of $23.73 billion, a PE ratio of -29.53, a P/E/G ratio of 0.17 and a beta of 0.32. LyondellBasell Industries N.V. has a twelve month low of $41.58 and a twelve month high of $83.94. The firm’s 50-day moving average price is $72.33 and its 200 day moving average price is $56.63. The company has a current ratio of 1.54, a quick ratio of 1.03 and a debt-to-equity ratio of 1.12.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.18. The firm had revenue of $7.20 billion for the quarter, compared to analyst estimates of $7.53 billion. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. LyondellBasell Industries’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period last year, the company posted $0.33 EPS. On average, sell-side analysts predict that LyondellBasell Industries N.V. will post 8.73 EPS for the current fiscal year.

LyondellBasell Industries Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Monday, March 2nd were paid a $0.69 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $2.76 dividend on an annualized basis and a yield of 3.8%. LyondellBasell Industries’s dividend payout ratio (DPR) is currently -110.84%.

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.