TrueMark Investments LLC Takes Position in LyondellBasell Industries N.V. $LYB

TrueMark Investments LLC purchased a new position in shares of LyondellBasell Industries N.V. (NYSE:LYB) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 6,077 shares of the specialty chemicals company’s stock, valued at approximately $263,000.

Other hedge funds have also bought and sold shares of the company. Woodline Partners LP raised its stake in LyondellBasell Industries by 40.4% during 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 grew its position in shares of LyondellBasell Industries by 35.4% in the 1st quarter. Focus Partners Wealth now owns 6,866 shares of the specialty chemicals company’s stock worth $483,000 after acquiring an additional 1,796 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of LyondellBasell Industries by 6.3% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 18,101 shares of the specialty chemicals company’s stock worth $1,047,000 after acquiring an additional 1,072 shares in the last quarter. Choreo LLC increased its holdings in shares of LyondellBasell Industries by 11.7% in the 2nd quarter. Choreo LLC now owns 16,835 shares of the specialty chemicals company’s stock valued at $974,000 after acquiring an additional 1,757 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of LyondellBasell Industries during the 2nd quarter valued at approximately $47,000. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Price Performance

Shares of LYB opened at $82.48 on Tuesday. The company has a market cap of $26.57 billion, a P/E ratio of -35.40, a PEG ratio of 0.46 and a beta of 0.64. The stock has a fifty day moving average price of $61.36 and a 200 day moving average price of $51.75. 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 $83.86.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Saturday, February 21st. The specialty chemicals company reported ($0.26) earnings per share (EPS) for the quarter. LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.93%. The company had revenue of $7.09 billion during the quarter. On average, research analysts forecast that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Monday, March 2nd were given a $0.69 dividend. The ex-dividend date was Monday, March 2nd. This represents a $2.76 annualized dividend and a yield of 3.3%. LyondellBasell Industries’s dividend payout ratio (DPR) is currently -118.45%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on LYB shares. KeyCorp upgraded LyondellBasell Industries from a “sector weight” rating to an “overweight” rating and set a $73.00 price objective on the stock in a research note on Wednesday, March 4th. Bank of America lowered their target price on shares of LyondellBasell Industries from $52.00 to $46.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. UBS Group upgraded shares of LyondellBasell Industries from a “sell” rating to a “neutral” rating and raised their price target for the stock from $42.00 to $73.00 in a research report on Wednesday, March 18th. Zacks Research raised shares of LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 2nd. Finally, Jefferies Financial Group boosted their price objective on shares of LyondellBasell Industries from $51.00 to $70.00 and gave the company a “hold” rating in a research report on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $66.56.

Insiders Place Their Bets

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $68.13, for a total transaction of $26,199,255.24. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

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.