7,957 Shares in LyondellBasell Industries N.V. $LYB Bought by Wedmont Private Capital

Wedmont Private Capital bought a new stake in LyondellBasell Industries N.V. (NYSE:LYB) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 7,957 shares of the specialty chemicals company’s stock, valued at approximately $357,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of LyondellBasell Industries during the 2nd quarter worth approximately $280,000,000. Capital Research Global Investors raised its stake in shares of LyondellBasell Industries by 470.1% during the 3rd quarter. Capital Research Global Investors now owns 4,389,442 shares of the specialty chemicals company’s stock worth $215,258,000 after purchasing an additional 3,619,468 shares in the last quarter. Capital World Investors boosted its holdings in shares of LyondellBasell Industries by 13.1% in the 3rd quarter. Capital World Investors now owns 9,807,743 shares of the specialty chemicals company’s stock valued at $480,972,000 after buying an additional 1,135,258 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of LyondellBasell Industries by 67.5% in the second quarter. Ameriprise Financial Inc. now owns 1,372,998 shares of the specialty chemicals company’s stock valued at $79,438,000 after buying an additional 553,081 shares in the last quarter. Finally, State Street Corp grew its stake in shares of LyondellBasell Industries by 4.1% in 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 buying an additional 514,057 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LYB has been the topic of several analyst reports. UBS Group raised shares of LyondellBasell Industries from a “sell” rating to a “neutral” rating and upped their price target for the stock from $42.00 to $73.00 in a research report on Wednesday, March 18th. Bank of America lowered their price objective on shares of LyondellBasell Industries from $52.00 to $46.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Deutsche Bank Aktiengesellschaft upped their target price on shares of LyondellBasell Industries from $52.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, March 19th. The Goldman Sachs Group reiterated a “sell” rating on shares of LyondellBasell Industries in a research note on Monday, February 2nd. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of LyondellBasell Industries in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, LyondellBasell Industries presently has an average rating of “Hold” and a consensus target price of $65.61.

LyondellBasell Industries Trading Up 1.6%

LYB stock opened at $77.23 on Thursday. LyondellBasell Industries N.V. has a one year low of $41.58 and a one year high of $77.37. The stock has a market cap of $24.88 billion, a price-to-earnings ratio of -33.15, a price-to-earnings-growth ratio of 0.42 and a beta of 0.64. The company has a fifty day moving average price of $59.60 and a two-hundred day moving average price of $51.24. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.77 and a quick ratio of 1.20.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, January 30th. The specialty chemicals company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.44). The company had revenue of $7.09 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the company earned $0.75 earnings per share. Equities analysts anticipate that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were given a dividend of $0.69 per share. The ex-dividend date was Monday, March 2nd. This represents a $2.76 annualized dividend and a yield of 3.6%. LyondellBasell Industries’s dividend payout ratio (DPR) is -118.45%.

Insider Transactions 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 completion of the sale, the insider owned 5,270,918 shares in the company, valued at $359,107,643.34. The trade was a 6.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.14% of the stock is owned by company 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.