LyondellBasell Industries N.V. $LYB Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lowered its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 35.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 124,860 shares of the specialty chemicals company’s stock after selling 67,779 shares during the period. Hsbc Holdings PLC’s holdings in LyondellBasell Industries were worth $5,418,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Stance Capital LLC purchased a new stake in LyondellBasell Industries in the 3rd quarter worth $27,000. Clearstead Advisors LLC lifted its holdings in LyondellBasell Industries by 140.3% during 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 in the last quarter. ORG Partners LLC lifted 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 valued at $30,000 after purchasing an additional 624 shares in the last quarter. Quarry LP acquired a new stake in shares of LyondellBasell Industries in the third quarter valued at about $31,000. Finally, Key Capital Management INC purchased a new stake in shares of LyondellBasell Industries during the fourth quarter worth about $34,000. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Performance

NYSE LYB opened at $55.33 on Friday. 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 stock’s fifty day moving average is $64.80 and its two-hundred day moving average is $62.18. The firm has a market capitalization of $17.86 billion, a P/E ratio of -22.22, a price-to-earnings-growth ratio of 0.18 and a beta of 0.32. LyondellBasell Industries N.V. has a fifty-two week low of $41.58 and a fifty-two week high of $83.94.

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, topping the consensus estimate of $0.31 by $0.18. The business 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 company’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 EPS. On average, research analysts anticipate that LyondellBasell Industries N.V. will post 8.84 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Monday, June 1st were paid a dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.76 dividend on an annualized basis and a yield of 5.0%. LyondellBasell Industries’s payout ratio is -110.84%.

Wall Street Analysts Forecast Growth

LYB has been the subject of several research analyst reports. Royal Bank Of Canada reduced their price target on shares of LyondellBasell Industries from $94.00 to $65.00 and set an “outperform” rating for the company in a research report on Wednesday, July 1st. Weiss Ratings lowered LyondellBasell Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, June 24th. Bank of America decreased their target price on LyondellBasell Industries from $68.00 to $48.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 30th. Wall Street Zen upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Sunday, July 5th. Finally, BMO Capital Markets decreased their price objective on LyondellBasell Industries from $88.00 to $64.00 and set a “market perform” rating on the stock in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $72.22.

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.