LyondellBasell Industries N.V. $LYB Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 7.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 588,261 shares of the specialty chemicals company’s stock after selling 47,436 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in LyondellBasell Industries were worth $47,390,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. raised its holdings in shares of LyondellBasell Industries by 1.6% in the 1st quarter. Jamison Private Wealth Management Inc. now owns 10,915 shares of the specialty chemicals company’s stock valued at $879,000 after purchasing an additional 172 shares in the last quarter. Investment Research Partners LLC grew its stake in shares of LyondellBasell Industries by 4.4% during the fourth quarter. Investment Research Partners LLC now owns 5,100 shares of the specialty chemicals company’s stock worth $221,000 after purchasing an additional 214 shares in the last quarter. Rothschild Investment LLC increased its holdings in LyondellBasell Industries by 3.5% in the fourth quarter. Rothschild Investment LLC now owns 8,025 shares of the specialty chemicals company’s stock valued at $347,000 after buying an additional 272 shares during the last quarter. Moors & Cabot Inc. increased its holdings in LyondellBasell Industries by 5.6% in the third quarter. Moors & Cabot Inc. now owns 5,495 shares of the specialty chemicals company’s stock valued at $269,000 after buying an additional 293 shares during the last quarter. Finally, Vident Advisory LLC raised its stake in LyondellBasell Industries by 1.1% in the second quarter. Vident Advisory LLC now owns 26,406 shares of the specialty chemicals company’s stock valued at $1,528,000 after buying an additional 297 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LYB. Alembic Global Advisors lowered their price objective on LyondellBasell Industries from $95.00 to $83.00 and set an “overweight” rating for the company in a research report on Thursday, July 2nd. Royal Bank Of Canada decreased their target price on LyondellBasell Industries from $94.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, July 1st. Evercore upped their price target on LyondellBasell Industries from $70.00 to $73.00 in a report on Thursday, May 14th. Zacks Research lowered shares of LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of LyondellBasell Industries from $50.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $72.22.

LyondellBasell Industries Stock Down 0.1%

LYB opened at $56.30 on Monday. 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 stock has a market capitalization of $18.17 billion, a P/E ratio of -22.61, a price-to-earnings-growth ratio of 0.18 and a beta of 0.32. The business’s 50-day simple moving average is $64.46 and its 200-day simple moving average is $62.27.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.18. The firm had revenue of $7.20 billion during 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 was down 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 EPS. Analysts anticipate that LyondellBasell Industries N.V. will post 9.07 EPS for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Monday, June 1st were given a dividend of $0.69 per share. The ex-dividend date was Monday, June 1st. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.9%. LyondellBasell Industries’s dividend payout ratio (DPR) is -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.