Voya Investment Management LLC Sells 16,601 Shares of LyondellBasell Industries N.V. $LYB

Voya Investment Management LLC decreased its position in LyondellBasell Industries N.V. (NYSE:LYB) by 23.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,608 shares of the specialty chemicals company’s stock after selling 16,601 shares during the quarter. Voya Investment Management LLC’s holdings in LyondellBasell Industries were worth $2,678,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in LYB. Capital A Wealth Management LLC boosted its stake in 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 purchasing an additional 442 shares during the period. MTM Investment Management LLC acquired a new stake in shares of LyondellBasell Industries during the second quarter worth $26,000. Parvin Asset Management LLC bought a new stake in shares of LyondellBasell Industries in the second quarter valued at about $26,000. Hilltop National Bank acquired a new position in shares of LyondellBasell Industries in the second quarter valued at about $29,000. Finally, EMC Capital Management bought a new position in LyondellBasell Industries during the second quarter worth about $29,000. 71.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Kimberly A. Foley bought 5,661 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was purchased at an average price of $43.56 per share, with a total value of $246,593.16. Following the completion of the acquisition, the executive vice president owned 67,688 shares of the company’s stock, valued at $2,948,489.28. The trade was a 9.13% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.14% of the company’s stock.

LyondellBasell Industries Stock Up 0.9%

Shares of LYB opened at $43.27 on Friday. The firm has a 50 day simple moving average of $44.84 and a two-hundred day simple moving average of $51.85. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.57 and a quick ratio of 0.93. LyondellBasell Industries N.V. has a one year low of $41.58 and a one year high of $79.39. The company has a market cap of $13.93 billion, a P/E ratio of -11.54 and a beta of 0.71.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. LyondellBasell Industries had a positive return on equity of 7.50% and a negative net margin of 3.70%.The firm had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $7.41 billion. During the same quarter last year, the business posted $1.88 EPS. The company’s revenue was down 10.2% compared to the same quarter last year. Research analysts forecast that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

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

Analysts Set New Price Targets

LYB has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of LyondellBasell Industries from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating for the company in a research report on Wednesday, October 1st. Zacks Research upgraded LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 2nd. JPMorgan Chase & Co. lowered their price objective on LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $45.00 target price (down from $55.00) on shares of LyondellBasell Industries in a research report on Friday, December 19th. Two investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $53.65.

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.