Manske Wealth Management Acquires 11,069 Shares of LyondellBasell Industries N.V. $LYB

Manske Wealth Management raised its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 26.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 53,001 shares of the specialty chemicals company’s stock after purchasing an additional 11,069 shares during the quarter. LyondellBasell Industries accounts for about 0.8% of Manske Wealth Management’s holdings, making the stock its 25th biggest position. Manske Wealth Management’s holdings in LyondellBasell Industries were worth $2,599,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. MTM Investment Management LLC bought a new stake in LyondellBasell Industries in the 2nd quarter valued at $26,000. Parvin Asset Management LLC acquired a new stake in shares of LyondellBasell Industries during the 2nd quarter worth about $26,000. Capital A Wealth Management LLC lifted its stake in shares of LyondellBasell Industries by 6,314.3% during the 2nd quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 442 shares during the last quarter. EMC Capital Management bought a new stake in shares of LyondellBasell Industries during the 2nd quarter worth about $29,000. Finally, Quent Capital LLC acquired a new position in LyondellBasell Industries in the 3rd quarter valued at about $29,000. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Stock Up 0.8%

LYB stock opened at $57.96 on Tuesday. LyondellBasell Industries N.V. has a 52 week low of $41.58 and a 52 week high of $78.41. The business has a 50-day simple moving average of $51.22 and a 200 day simple moving average of $49.47. 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 market cap of $18.67 billion, a PE ratio of -24.88, a price-to-earnings-growth ratio of 0.41 and a beta of 0.64.

LyondellBasell Industries (NYSE:LYB) last released 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 negative net margin of 2.46% and a positive return on equity of 4.93%. The firm had revenue of $7.09 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the prior year, the business earned $0.75 earnings per share. LyondellBasell Industries’s quarterly revenue was down 9.2% compared to the same quarter last year. Sell-side analysts anticipate that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 9th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 4.8%. The ex-dividend date is Monday, March 2nd. LyondellBasell Industries’s payout ratio is currently -235.19%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LYB. Weiss Ratings restated a “sell (d+)” rating on shares of LyondellBasell Industries in a report on Thursday, January 22nd. Vertical Research lowered LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $48.00 price objective on the stock. in a report on Wednesday, January 7th. KeyCorp reissued a “sector weight” rating on shares of LyondellBasell Industries in a report on Monday, February 2nd. Zacks Research upgraded shares of LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 2nd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. One analyst has rated the stock with a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $51.12.

About LyondellBasell Industries

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.