Marathon Asset Management Ltd Sells 101,000 Shares of LyondellBasell Industries N.V. $LYB

Marathon Asset Management Ltd cut its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 23.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 329,029 shares of the specialty chemicals company’s stock after selling 101,000 shares during the quarter. Marathon Asset Management Ltd’s holdings in LyondellBasell Industries were worth $16,135,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. MTM Investment Management LLC bought a new stake in LyondellBasell Industries in the second quarter worth $26,000. Parvin Asset Management LLC purchased a new position in shares of LyondellBasell Industries in the second quarter worth about $26,000. Capital A Wealth Management LLC lifted its stake in shares of LyondellBasell Industries by 6,314.3% in the 2nd quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 442 shares during the last quarter. Hilltop National Bank purchased a new stake in LyondellBasell Industries during the 2nd quarter valued at about $29,000. Finally, EMC Capital Management bought a new position in LyondellBasell Industries during the 2nd quarter worth approximately $29,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on LYB shares. The Goldman Sachs Group lowered their price objective on LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating for the company in a research report on Friday, October 17th. Evercore ISI lowered their price target on shares of LyondellBasell Industries from $65.00 to $57.00 and set an “in-line” rating for the company in a report on Tuesday, November 11th. BMO Capital Markets reissued an “underperform” rating and issued a $36.00 price target (down previously from $48.00) on shares of LyondellBasell Industries in a report on Monday, December 15th. Alembic Global Advisors upgraded shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, October 20th. Finally, JPMorgan Chase & Co. dropped their target price on shares of LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, November 3rd. Two analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, LyondellBasell Industries has a consensus rating of “Reduce” and an average price target of $53.65.

LyondellBasell Industries Stock Up 0.9%

Shares of NYSE LYB opened at $43.27 on Monday. The firm has a fifty day simple moving average of $44.84 and a two-hundred day simple moving average of $51.79. LyondellBasell Industries N.V. has a 12 month low of $41.58 and a 12 month high of $79.39. The company has a current ratio of 1.57, a quick ratio of 0.93 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $13.93 billion, a PE ratio of -11.54 and a beta of 0.71.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.21. LyondellBasell Industries had a negative net margin of 3.70% and a positive return on equity of 7.50%. The company had revenue of $7.73 billion for the quarter, compared to analysts’ expectations of $7.41 billion. During the same quarter in the previous year, the company earned $1.88 earnings per share. LyondellBasell Industries’s quarterly revenue was down 10.2% on a year-over-year basis. Equities analysts expect that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, December 1st were given a $1.37 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $5.48 annualized dividend and a dividend yield of 12.7%. LyondellBasell Industries’s dividend payout ratio is currently -146.13%.

Insider Activity at LyondellBasell Industries

In other news, EVP Kimberly A. Foley purchased 5,661 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were bought at an average cost of $43.56 per share, for a total transaction of $246,593.16. Following the completion of the transaction, the executive vice president directly owned 67,688 shares of the company’s stock, valued at $2,948,489.28. This trade represents a 9.13% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.14% of the stock is currently owned by insiders.

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.