TD Asset Management Inc Decreases Holdings in LyondellBasell Industries N.V. $LYB

TD Asset Management Inc reduced its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 31.5% in the 4th quarter, HoldingsChannel reports. The fund owned 196,013 shares of the specialty chemicals company’s stock after selling 90,054 shares during the quarter. TD Asset Management Inc’s holdings in LyondellBasell Industries were worth $8,487,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in LYB. Stance Capital LLC purchased a new stake in LyondellBasell Industries during the third quarter worth approximately $27,000. Clearstead Advisors LLC increased its stake in LyondellBasell Industries by 140.3% in the fourth quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 390 shares during the last quarter. ORG Partners LLC raised its holdings in LyondellBasell Industries by 960.0% during the fourth quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 624 shares in the last quarter. Quarry LP purchased a new stake in shares of LyondellBasell Industries during the 3rd quarter worth approximately $31,000. Finally, Key Capital Management INC acquired a new position in shares of LyondellBasell Industries in the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on LYB shares. Citigroup cut their price target on shares of LyondellBasell Industries from $90.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, May 27th. Wall Street Zen upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. The Goldman Sachs Group raised their price objective on LyondellBasell Industries from $51.00 to $75.00 and gave the stock a “sell” rating in a report on Monday, May 4th. Evercore boosted their target price on LyondellBasell Industries from $70.00 to $73.00 in a report on Thursday, May 14th. Finally, Jefferies Financial Group upped their target price on LyondellBasell Industries from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, April 16th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $76.71.

LyondellBasell Industries Trading Down 1.4%

NYSE LYB opened at $63.53 on Wednesday. The firm’s fifty day moving average is $72.17 and its two-hundred day moving average is $60.23. LyondellBasell Industries N.V. has a one year low of $41.58 and a one year 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 firm has a market cap of $20.51 billion, a PE ratio of -25.51, a P/E/G ratio of 0.15 and a beta of 0.28.

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 analysts’ consensus estimates of $0.31 by $0.18. The firm had revenue of $7.20 billion for the quarter, compared to analyst estimates of $7.53 billion. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.The business’s revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the company posted $0.33 earnings per share. Analysts expect that LyondellBasell Industries N.V. will post 8.73 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Monday, June 1st were given a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Monday, June 1st. LyondellBasell Industries’s dividend payout ratio (DPR) 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.