Marathon Asset Management Ltd Has $13.18 Million Stock Position in LyondellBasell Industries N.V. $LYB

Marathon Asset Management Ltd lowered its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 7.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 304,367 shares of the specialty chemicals company’s stock after selling 24,662 shares during the quarter. Marathon Asset Management Ltd’s holdings in LyondellBasell Industries were worth $13,179,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of LYB. Woodline Partners LP increased its position 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 worth $1,542,000 after acquiring an additional 6,297 shares during the period. Focus Partners Wealth grew its holdings 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 purchasing an additional 1,796 shares during the last quarter. Baird Financial Group Inc. lifted its position in LyondellBasell Industries by 69.5% during the 2nd quarter. Baird Financial Group Inc. now owns 29,488 shares of the specialty chemicals company’s stock worth $1,706,000 after buying an additional 12,087 shares in the last quarter. Cerity Partners LLC lifted its position in LyondellBasell Industries by 13.9% during the 2nd quarter. Cerity Partners LLC now owns 49,348 shares of the specialty chemicals company’s stock worth $2,855,000 after buying an additional 6,032 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in LyondellBasell Industries by 9.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 41,416 shares of the specialty chemicals company’s stock worth $2,397,000 after buying an additional 3,715 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $68.13, for a total transaction of $26,199,255.24. Following the sale, the insider directly owned 5,270,918 shares in the company, valued at approximately $359,107,643.34. The trade was a 6.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.14% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on LYB shares. Wolfe Research upped their target price on shares of LyondellBasell Industries from $38.00 to $62.00 and gave the company an “underperform” rating in a research report on Tuesday, April 14th. Mizuho upped their price target on LyondellBasell Industries from $74.00 to $76.00 in a research note on Friday, May 1st. Weiss Ratings restated a “sell (d+)” rating on shares of LyondellBasell Industries in a report on Tuesday, April 21st. BMO Capital Markets raised their target price on shares of LyondellBasell Industries from $82.00 to $88.00 and gave the stock a “market perform” rating in a report on Tuesday, May 5th. Finally, The Goldman Sachs Group raised their price target on shares of LyondellBasell Industries from $51.00 to $75.00 and gave the stock a “sell” rating in a research note on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $76.76.

LyondellBasell Industries Stock Down 1.4%

LYB opened at $73.06 on Wednesday. LyondellBasell Industries N.V. has a fifty-two week low of $41.58 and a fifty-two week high of $83.94. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.54. The company has a market capitalization of $23.58 billion, a P/E ratio of -29.34, a P/E/G ratio of 0.17 and a beta of 0.32. The stock has a fifty day moving average of $73.82 and a 200-day moving average of $57.76.

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

LyondellBasell Industries Cuts Dividend

The business also recently disclosed 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 annualized dividend and a yield of 3.8%. LyondellBasell Industries’s dividend payout ratio is presently -110.84%.

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.