Symphony Financial Ltd. Co. Has $2.38 Million Position in LyondellBasell Industries N.V. $LYB

Symphony Financial Ltd. Co. grew its position in LyondellBasell Industries N.V. (NYSE:LYB) by 1,049.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 48,926 shares of the specialty chemicals company’s stock after purchasing an additional 44,671 shares during the period. Symphony Financial Ltd. Co.’s holdings in LyondellBasell Industries were worth $2,381,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Woodline Partners LP boosted its position 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 in the last quarter. Focus Partners Wealth raised its stake in shares of LyondellBasell Industries by 35.4% in the first quarter. Focus Partners Wealth now owns 6,866 shares of the specialty chemicals company’s stock valued at $483,000 after acquiring an additional 1,796 shares during the last quarter. Park Avenue Securities LLC acquired a new position in shares of LyondellBasell Industries in the 2nd quarter worth approximately $1,027,000. GAMMA Investing LLC grew its position in LyondellBasell Industries by 203.7% during the 2nd quarter. GAMMA Investing LLC now owns 9,157 shares of the specialty chemicals company’s stock worth $530,000 after acquiring an additional 6,142 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in LyondellBasell Industries by 29.2% in the 2nd quarter. Fifth Third Bancorp now owns 31,193 shares of the specialty chemicals company’s stock valued at $1,805,000 after purchasing an additional 7,059 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LYB. Vertical Research lowered LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $48.00 target price for the company. in a research note on Wednesday, January 7th. Wolfe Research decreased their price objective on LyondellBasell Industries from $40.00 to $39.00 and set an “underperform” rating on the stock in a research report on Friday, January 16th. Bank of America dropped their target price on LyondellBasell Industries from $52.00 to $46.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft decreased their price target on LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating on the stock in a report on Wednesday, October 1st. Finally, Zacks Research raised shares of LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, LyondellBasell Industries currently has a consensus rating of “Reduce” and an average target price of $52.42.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, EVP Kimberly A. Foley bought 5,661 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was purchased at an average cost of $43.56 per share, with a total value of $246,593.16. Following the completion of the purchase, the executive vice president owned 67,688 shares in the company, valued at approximately $2,948,489.28. The trade was a 9.13% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.14% of the company’s stock.

LyondellBasell Industries Stock Performance

Shares of NYSE:LYB opened at $50.96 on Friday. The firm’s 50 day simple moving average is $45.83 and its 200 day simple moving average is $50.25. LyondellBasell Industries N.V. has a fifty-two week low of $41.58 and a fifty-two week high of $79.39. The company has a market capitalization of $16.40 billion, a price-to-earnings ratio of -13.59 and a beta of 0.70. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.57 and a quick ratio of 0.93.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.80 by $0.21. The firm had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $7.41 billion. LyondellBasell Industries had a negative net margin of 3.70% and a positive return on equity of 7.50%. The business’s quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.88 earnings per share. As a group, sell-side analysts forecast that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, December 1st were paid a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a yield of 10.8%. The ex-dividend date of this dividend was Monday, December 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -146.13%.

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.