SBI Okasan Asset Management Co.Ltd. Makes New Investment in LyondellBasell Industries N.V. $LYB

SBI Okasan Asset Management Co.Ltd. purchased a new position in LyondellBasell Industries N.V. (NYSE:LYB) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,900 shares of the specialty chemicals company’s stock, valued at approximately $561,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital World Investors lifted its stake in shares of LyondellBasell Industries by 13.1% in the 3rd quarter. Capital World Investors now owns 9,807,743 shares of the specialty chemicals company’s stock valued at $480,972,000 after purchasing an additional 1,135,258 shares in the last quarter. Bruce & Co. Inc. increased its holdings in LyondellBasell Industries by 50.0% during the 3rd quarter. Bruce & Co. Inc. now owns 60,000 shares of the specialty chemicals company’s stock worth $2,942,000 after purchasing an additional 20,000 shares during the last quarter. TD Asset Management Inc increased its holdings in LyondellBasell Industries by 12.8% during the 3rd quarter. TD Asset Management Inc now owns 286,067 shares of the specialty chemicals company’s stock worth $14,029,000 after purchasing an additional 32,401 shares during the last quarter. Barclays PLC increased its holdings in LyondellBasell Industries by 3.5% during the 3rd quarter. Barclays PLC now owns 1,006,356 shares of the specialty chemicals company’s stock worth $49,352,000 after purchasing an additional 33,873 shares during the last quarter. Finally, Capital International Inc. CA increased its holdings in shares of LyondellBasell Industries by 29.2% in the 3rd quarter. Capital International Inc. CA now owns 69,146 shares of the specialty chemicals company’s stock valued at $3,391,000 after acquiring an additional 15,644 shares during the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the company’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 completion of the sale, the insider owned 5,270,918 shares in the company, valued at approximately $359,107,643.34. This represents a 6.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LYB. Wells Fargo & Company upgraded LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $80.00 to $98.00 in a report on Thursday. Mizuho boosted their price target on LyondellBasell Industries from $74.00 to $76.00 in a research report on Friday, May 1st. Zacks Research upgraded LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. BMO Capital Markets upped their price objective on LyondellBasell Industries from $82.00 to $88.00 and gave the company a “market perform” rating in a report on Tuesday, May 5th. Finally, Citigroup cut their target price on LyondellBasell Industries from $90.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $77.24.

LyondellBasell Industries Stock Performance

Shares of LYB stock opened at $66.49 on Friday. The firm has a market cap of $21.46 billion, a P/E ratio of -26.70, a PEG ratio of 0.16 and a beta of 0.32. The stock’s 50-day moving average is $73.57 and its two-hundred day moving average is $59.04. 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 current ratio of 1.54 and a quick ratio of 1.03.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.18. The company 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%.The firm’s revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.33 EPS. Analysts predict that LyondellBasell Industries N.V. will post 8.73 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Monday, June 1st. LyondellBasell Industries’s dividend payout ratio is -110.84%.

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.