LyondellBasell Industries N.V. $LYB Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. reduced its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 18.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 129,571 shares of the specialty chemicals company’s stock after selling 29,192 shares during the period. Asset Management One Co. Ltd.’s holdings in LyondellBasell Industries were worth $6,354,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Crews Bank & Trust grew its stake in LyondellBasell Industries by 16.4% in the 2nd quarter. Crews Bank & Trust now owns 1,245 shares of the specialty chemicals company’s stock valued at $72,000 after acquiring an additional 175 shares during the period. New York Life Investment Management LLC lifted its holdings in LyondellBasell Industries by 0.5% during the second quarter. New York Life Investment Management LLC now owns 38,521 shares of the specialty chemicals company’s stock valued at $2,229,000 after purchasing an additional 193 shares in the last quarter. Central Pacific Bank Trust Division lifted its holdings in LyondellBasell Industries by 4.3% during the second quarter. Central Pacific Bank Trust Division now owns 4,830 shares of the specialty chemicals company’s stock valued at $279,000 after purchasing an additional 200 shares in the last quarter. State of Michigan Retirement System grew its position in shares of LyondellBasell Industries by 0.3% in the second quarter. State of Michigan Retirement System now owns 78,165 shares of the specialty chemicals company’s stock valued at $4,523,000 after purchasing an additional 200 shares during the period. Finally, Cooper Financial Group increased its stake in shares of LyondellBasell Industries by 4.3% during the third quarter. Cooper Financial Group now owns 5,146 shares of the specialty chemicals company’s stock worth $252,000 after purchasing an additional 211 shares in the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, EVP Kimberly A. Foley acquired 5,661 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were purchased at an average cost of $43.56 per share, for a total transaction 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 approximately $2,948,489.28. The trade was a 9.13% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Mizuho decreased their price target on shares of LyondellBasell Industries from $52.00 to $49.00 and set a “neutral” rating on the stock in a research note on Thursday, December 11th. BMO Capital Markets reissued an “underperform” rating and set a $36.00 target price (down previously from $48.00) on shares of LyondellBasell Industries in a report on Monday, December 15th. Rothschild & Co Redburn decreased their target price on LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, September 12th. The Goldman Sachs Group lowered their price target on LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating on the stock in a research note on Friday, October 17th. Finally, Wall Street Zen downgraded LyondellBasell Industries from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Two analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $53.33.

LyondellBasell Industries Price Performance

LYB stock opened at $47.66 on Friday. LyondellBasell Industries N.V. has a 1 year low of $41.58 and a 1 year high of $79.39. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.57 and a quick ratio of 0.93. The firm has a market capitalization of $15.34 billion, a PE ratio of -12.71 and a beta of 0.70. The business has a 50 day simple moving average of $44.51 and a 200-day simple moving average of $50.97.

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

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, December 1st were issued a $1.37 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $5.48 dividend on an annualized basis and a dividend yield of 11.5%. LyondellBasell Industries’s dividend payout ratio is currently -146.13%.

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.