SBI Okasan Asset Management Co.Ltd. Buys New Position in LyondellBasell Industries N.V. $LYB

SBI Okasan Asset Management Co.Ltd. bought a new stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 12,900 shares of the specialty chemicals company’s stock, valued at approximately $561,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Woodline Partners LP lifted its position in shares of LyondellBasell Industries by 40.4% in the 1st quarter. Woodline Partners LP now owns 21,899 shares of the specialty chemicals company’s stock worth $1,542,000 after acquiring an additional 6,297 shares during the period. Focus Partners Wealth lifted its position in shares of LyondellBasell Industries by 35.4% in the 1st quarter. Focus Partners Wealth now owns 6,866 shares of the specialty chemicals company’s stock worth $483,000 after acquiring an additional 1,796 shares during the period. Baird Financial Group Inc. lifted its position in shares of LyondellBasell Industries by 69.5% in the 2nd quarter. Baird Financial Group Inc. now owns 29,488 shares of the specialty chemicals company’s stock worth $1,706,000 after acquiring an additional 12,087 shares during the period. Cerity Partners LLC lifted its position in shares of LyondellBasell Industries by 13.9% in the 2nd quarter. Cerity Partners LLC now owns 49,348 shares of the specialty chemicals company’s stock worth $2,855,000 after acquiring an additional 6,032 shares during the period. Finally, Daiwa Securities Group Inc. lifted its position in shares of LyondellBasell Industries by 9.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 41,416 shares of the specialty chemicals company’s stock worth $2,397,000 after acquiring an additional 3,715 shares during the period. Institutional investors own 71.20% of the company’s stock.

Insiders Place Their Bets

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of LyondellBasell Industries stock in a transaction dated 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 transaction, the insider directly owned 5,270,918 shares in the company, valued at approximately $359,107,643.34. The trade was a 6.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Zacks Research raised LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. Bank of America reissued an “underperform” rating and issued a $55.00 target price on shares of LyondellBasell Industries in a report on Monday, April 6th. Morgan Stanley increased their target price on LyondellBasell Industries from $52.00 to $77.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. KeyCorp raised LyondellBasell Industries from a “sector weight” rating to an “overweight” rating and set a $73.00 target price for the company in a report on Wednesday, March 4th. Finally, The Goldman Sachs Group increased their target price on LyondellBasell Industries from $51.00 to $75.00 and gave the stock a “sell” rating in a report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, LyondellBasell Industries has an average rating of “Hold” and a consensus target price of $77.24.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock opened at $66.49 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.54. The firm has a market cap of $21.46 billion, a P/E ratio of -26.70, a P/E/G ratio of 0.16 and a beta of 0.32. The business’s fifty day moving average is $73.57 and its two-hundred day moving average is $59.04. LyondellBasell Industries N.V. has a 52 week low of $41.58 and a 52 week high of $83.94.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.31 by $0.18. The company had revenue of $7.20 billion during the quarter, compared to analysts’ expectations of $7.53 billion. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.The business’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period last year, the firm earned $0.33 EPS. Equities research analysts forecast that LyondellBasell Industries N.V. will post 8.73 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.69 per share. The ex-dividend date is Monday, June 1st. This represents a $2.76 annualized dividend and a yield of 4.2%. LyondellBasell Industries’s payout ratio is currently -110.84%.

LyondellBasell Industries Company 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.