Dana Investment Advisors Inc. Cuts Position in LyondellBasell Industries N.V. $LYB

Dana Investment Advisors Inc. lessened its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 31.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,781 shares of the specialty chemicals company’s stock after selling 7,332 shares during the period. Dana Investment Advisors Inc.’s holdings in LyondellBasell Industries were worth $683,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of LYB. Stance Capital LLC purchased a new stake in LyondellBasell Industries during the 3rd quarter worth approximately $27,000. ORG Partners LLC increased its stake in LyondellBasell Industries by 960.0% during the 4th quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock worth $30,000 after buying an additional 624 shares in the last quarter. United Community Bank increased its stake in LyondellBasell Industries by 83.2% during the 3rd quarter. United Community Bank now owns 623 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 283 shares in the last quarter. Quarry LP purchased a new stake in LyondellBasell Industries during the 3rd quarter worth approximately $31,000. Finally, Key Capital Management INC purchased a new stake in LyondellBasell Industries during the 4th quarter worth approximately $34,000. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Fermium Researc upgraded LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 9th. Jefferies Financial Group boosted their price objective on LyondellBasell Industries from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Thursday, April 16th. UBS Group boosted their price objective on LyondellBasell Industries from $79.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Royal Bank Of Canada boosted their price objective on LyondellBasell Industries from $91.00 to $94.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on LyondellBasell Industries from $75.00 to $80.00 and gave the stock a “hold” rating in a research note on Tuesday, May 5th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, LyondellBasell Industries currently has a consensus rating of “Hold” and a consensus price target of $76.76.

Insider Buying and Selling at LyondellBasell Industries

In other news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider directly owned 5,270,918 shares in the company, valued at $359,107,643.34. The trade was a 6.80% decrease in their position. The sale 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 Trading Down 1.3%

Shares of LyondellBasell Industries stock opened at $74.10 on Tuesday. The stock has a market cap of $23.92 billion, a P/E ratio of -29.76, a P/E/G ratio of 0.17 and a beta of 0.32. The stock’s 50 day simple moving average is $73.70 and its 200-day simple moving average is $57.58. LyondellBasell Industries N.V. has a 1-year low of $41.58 and a 1-year 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 issued its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share 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 analysts’ expectations 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 for the quarter was down 6.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 EPS. Analysts predict that LyondellBasell Industries N.V. will post 8.73 EPS for the current fiscal year.

LyondellBasell Industries Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Monday, March 2nd. LyondellBasell Industries’s payout ratio is currently -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.