Swiss National Bank Sells 40,800 Shares of LyondellBasell Industries N.V. $LYB

Swiss National Bank decreased its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 5.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 741,300 shares of the specialty chemicals company’s stock after selling 40,800 shares during the quarter. Swiss National Bank’s holdings in LyondellBasell Industries were worth $36,353,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in LyondellBasell Industries during the second quarter valued at approximately $280,000,000. Soundwatch Capital LLC purchased a new position in LyondellBasell Industries in the 2nd quarter worth approximately $268,123,000. Ameriprise Financial Inc. increased its holdings in shares of LyondellBasell Industries by 67.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,372,998 shares of the specialty chemicals company’s stock worth $79,438,000 after buying an additional 553,081 shares during the last quarter. State Street Corp raised its position in shares of LyondellBasell Industries by 4.1% during the 2nd quarter. State Street Corp now owns 12,915,151 shares of the specialty chemicals company’s stock valued at $747,271,000 after buying an additional 514,057 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of LyondellBasell Industries by 30.2% during the 2nd quarter. AQR Capital Management LLC now owns 1,607,363 shares of the specialty chemicals company’s stock valued at $92,632,000 after buying an additional 372,817 shares in the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Trading Down 2.4%

LyondellBasell Industries stock traded down $1.81 during mid-day trading on Friday, hitting $72.52. The company’s stock had a trading volume of 3,105,053 shares, compared to its average volume of 7,567,842. The business has a 50 day moving average price of $54.87 and a 200-day moving average price of $50.15. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.77 and a quick ratio of 1.20. LyondellBasell Industries N.V. has a 12 month low of $41.58 and a 12 month high of $75.62. The stock has a market cap of $23.37 billion, a price-to-earnings ratio of -31.02, a price-to-earnings-growth ratio of 0.57 and a beta of 0.64.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, January 30th. The specialty chemicals company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.44). The company had revenue of $7.09 billion for the quarter, compared to the consensus estimate of $6.82 billion. LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.93%. The firm’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same period last year, the business posted $0.75 earnings per share. As a group, analysts forecast that LyondellBasell Industries N.V. will post 6.31 EPS for the current 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 given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 3.8%. The ex-dividend date was Monday, March 2nd. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -118.45%.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of LyondellBasell Industries stock in a transaction that occurred on Monday, March 9th. The stock was 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 $359,107,643.34. The trade was a 6.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on LYB shares. KeyCorp upgraded shares of LyondellBasell Industries from a “sector weight” rating to an “overweight” rating and set a $73.00 target price for the company in a research report on Wednesday, March 4th. Weiss Ratings restated a “sell (d+)” rating on shares of LyondellBasell Industries in a research report on Thursday, January 22nd. Vertical Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Monday. Wolfe Research reduced their price objective on LyondellBasell Industries from $39.00 to $38.00 and set an “underperform” rating on the stock in a research report on Monday, February 2nd. Finally, Citigroup raised LyondellBasell Industries from a “neutral” rating to a “buy” rating and raised their price objective for the company from $49.00 to $76.00 in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, thirteen have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.61.

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.