Robeco Institutional Asset Management B.V. Trims Stake in LyondellBasell Industries N.V. $LYB

Robeco Institutional Asset Management B.V. reduced its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 83.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,903 shares of the specialty chemicals company’s stock after selling 249,406 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in LyondellBasell Industries were worth $2,398,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of LYB. Crews Bank & Trust raised its position in shares of LyondellBasell Industries by 16.4% in the 2nd quarter. Crews Bank & Trust now owns 1,245 shares of the specialty chemicals company’s stock worth $72,000 after acquiring an additional 175 shares in the last quarter. New York Life Investment Management LLC grew its stake in LyondellBasell Industries by 0.5% in the second quarter. New York Life Investment Management LLC now owns 38,521 shares of the specialty chemicals company’s stock worth $2,229,000 after purchasing an additional 193 shares during the period. Central Pacific Bank Trust Division raised its holdings in LyondellBasell Industries by 4.3% in the second quarter. Central Pacific Bank Trust Division now owns 4,830 shares of the specialty chemicals company’s stock worth $279,000 after purchasing an additional 200 shares in the last quarter. State of Michigan Retirement System lifted its position in LyondellBasell Industries by 0.3% during 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 buying an additional 200 shares during the period. Finally, Cooper Financial Group boosted its holdings in shares of LyondellBasell Industries by 4.3% during the 3rd quarter. Cooper Financial Group now owns 5,146 shares of the specialty chemicals company’s stock valued at $252,000 after buying an additional 211 shares in the last quarter. 71.20% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Kimberly A. Foley bought 5,661 shares of the stock in a transaction on Wednesday, November 12th. The shares were acquired at an average price of $43.56 per share, for a total transaction of $246,593.16. Following the purchase, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.14% of the company’s stock.

LyondellBasell Industries Price Performance

Shares of LYB opened at $48.70 on Monday. LyondellBasell Industries N.V. has a twelve month low of $41.58 and a twelve month high of $79.39. The company has a market capitalization of $15.67 billion, a P/E ratio of -12.99 and a beta of 0.70. The firm has a 50 day moving average of $44.55 and a 200 day moving average of $50.81. The company has a quick ratio of 0.93, a current ratio of 1.57 and a debt-to-equity ratio of 1.00.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.80 by $0.21. The business 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 company’s revenue was down 10.2% compared to the same quarter last year. During the same period last year, the business posted $1.88 EPS. As a group, equities research analysts anticipate that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm 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. This represents a $5.48 annualized dividend and a yield of 11.3%. The ex-dividend date was Monday, December 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -146.13%.

Analysts Set New Price Targets

Several brokerages recently issued reports on LYB. The Goldman Sachs Group decreased their price target on shares of LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating for the company in a research note on Friday, October 17th. Bank of America decreased their target price on shares of LyondellBasell Industries from $55.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Weiss Ratings reissued a “sell (d+)” rating on shares of LyondellBasell Industries in a research report on Wednesday, October 8th. Jefferies Financial Group cut their price target on LyondellBasell Industries from $50.00 to $46.00 and set a “hold” rating on the stock in a research note on Monday, December 8th. Finally, UBS Group lowered their price objective on LyondellBasell Industries from $41.00 to $38.00 and set a “sell” rating for the company in a research note on Tuesday, December 23rd. Two analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $53.33.

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.