Wedge Capital Management L L P NC Has $5.91 Million Stock Position in LyondellBasell Industries N.V. $LYB

Wedge Capital Management L L P NC lifted its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 11.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 136,438 shares of the specialty chemicals company’s stock after acquiring an additional 13,701 shares during the period. Wedge Capital Management L L P NC’s holdings in LyondellBasell Industries were worth $5,908,000 at the end of the most recent reporting period.

Several other large investors 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% during 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 last quarter. Parvin Asset Management LLC bought a new stake in LyondellBasell Industries during the 2nd quarter worth approximately $26,000. Stance Capital LLC bought a new position in shares of LyondellBasell Industries in the third quarter valued at approximately $27,000. Quent Capital LLC bought a new position in shares of LyondellBasell Industries in the third quarter valued at approximately $29,000. Finally, United Community Bank boosted its position in shares of LyondellBasell Industries by 83.2% during the third quarter. United Community Bank now owns 623 shares of the specialty chemicals company’s stock valued at $31,000 after buying an additional 283 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. BMO Capital Markets upgraded LyondellBasell Industries from an “underperform” rating to a “market perform” rating and upped their price target for the stock from $38.00 to $68.00 in a report on Thursday, March 5th. Fermium Researc upgraded LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 9th. UBS Group upgraded shares of LyondellBasell Industries from a “sell” rating to a “neutral” rating and upped their target price for the stock from $42.00 to $73.00 in a research note on Wednesday, March 18th. Deutsche Bank Aktiengesellschaft increased 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. Finally, Bank of America dropped their price target on shares of LyondellBasell Industries from $52.00 to $46.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $65.61.

Insider Activity at LyondellBasell Industries

In other news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the stock in a transaction 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 transaction, the insider owned 5,270,918 shares in the company, valued at approximately $359,107,643.34. This represents a 6.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is owned by corporate insiders.

LyondellBasell Industries Stock Up 3.7%

LyondellBasell Industries stock opened at $80.59 on Friday. The firm has a 50 day moving average price of $60.73 and a 200-day moving average price of $51.58. The company has a quick ratio of 1.20, a current ratio of 1.77 and a debt-to-equity ratio of 1.20. LyondellBasell Industries N.V. has a twelve month low of $41.58 and a twelve month high of $81.26. The company has a market capitalization of $25.96 billion, a P/E ratio of -34.59, a P/E/G ratio of 0.46 and a beta of 0.64.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Saturday, February 21st. The specialty chemicals company reported ($0.26) EPS for the quarter. LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.93%. The firm had revenue of $7.09 billion during the quarter. As a group, equities analysts predict that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were paid a $0.69 dividend. The ex-dividend date was Monday, March 2nd. This represents a $2.76 annualized dividend and a dividend yield of 3.4%. LyondellBasell Industries’s payout ratio is presently -118.45%.

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.