LyondellBasell Industries N.V. $LYB Shares Sold by Xponance Inc.

Xponance Inc. lessened its position in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 49.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 42,230 shares of the specialty chemicals company’s stock after selling 42,111 shares during the quarter. Xponance Inc.’s holdings in LyondellBasell Industries were worth $2,071,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in LyondellBasell Industries in the second quarter valued at approximately $280,000,000. Soundwatch Capital LLC acquired a new stake in shares of LyondellBasell Industries in the second quarter worth $268,123,000. Ameriprise Financial Inc. raised its holdings in shares of LyondellBasell Industries by 67.5% during the second quarter. Ameriprise Financial Inc. now owns 1,372,998 shares of the specialty chemicals company’s stock worth $79,438,000 after purchasing an additional 553,081 shares during the last quarter. State Street Corp lifted its position in LyondellBasell Industries by 4.1% during the second quarter. State Street Corp now owns 12,915,151 shares of the specialty chemicals company’s stock valued at $747,271,000 after purchasing an additional 514,057 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in LyondellBasell Industries by 30.2% in the second quarter. AQR Capital Management LLC now owns 1,607,363 shares of the specialty chemicals company’s stock valued at $92,632,000 after purchasing an additional 372,817 shares during the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Up 0.6%

LYB stock opened at $58.20 on Wednesday. LyondellBasell Industries N.V. has a one year low of $41.58 and a one year high of $78.41. The firm has a market cap of $18.75 billion, a PE ratio of -24.98, a PEG ratio of 0.42 and a beta of 0.64. The firm’s 50 day moving average price is $51.54 and its 200-day moving average price is $49.50. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.20 and a current ratio of 1.77.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.44). The business had revenue of $7.09 billion during the quarter, compared to analysts’ expectations of $6.82 billion. LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.93%. LyondellBasell Industries’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.75 EPS. On average, equities research analysts anticipate that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 9th. Shareholders of record on Monday, March 2nd will be issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 4.7%. The ex-dividend date is Monday, March 2nd. LyondellBasell Industries’s payout ratio is -118.45%.

Analyst Ratings Changes

A number of analysts have recently commented on LYB shares. Wolfe Research lowered their target price on LyondellBasell Industries from $39.00 to $38.00 and set an “underperform” rating on the stock in a research note on Monday, February 2nd. The Goldman Sachs Group reissued a “sell” rating on shares of LyondellBasell Industries in a report on Monday, February 2nd. Vertical Research lowered LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $48.00 price target for the company. in a research note on Wednesday, January 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of LyondellBasell Industries in a research report on Thursday, January 22nd. Finally, Evercore reduced their target price on LyondellBasell Industries from $65.00 to $57.00 and set an “in-line” rating for the company in a research note on Tuesday, November 11th. Two analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $52.33.

About LyondellBasell Industries

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.