ARGA Investment Management LP Has $1.81 Million Holdings in LyondellBasell Industries N.V. $LYB

ARGA Investment Management LP grew its position in LyondellBasell Industries N.V. (NYSE:LYB) by 211.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,817 shares of the specialty chemicals company’s stock after purchasing an additional 25,003 shares during the quarter. ARGA Investment Management LP’s holdings in LyondellBasell Industries were worth $1,806,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Capital A Wealth Management LLC grew its holdings 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 worth $26,000 after acquiring an additional 442 shares during the period. MTM Investment Management LLC acquired a new stake in LyondellBasell Industries during the second quarter worth approximately $26,000. Parvin Asset Management LLC acquired a new position in LyondellBasell Industries in the second quarter valued at approximately $26,000. Hilltop National Bank bought a new position in shares of LyondellBasell Industries during the 2nd quarter worth approximately $29,000. Finally, EMC Capital Management acquired a new stake in shares of LyondellBasell Industries during the 2nd quarter worth approximately $29,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, EVP Kimberly A. Foley bought 5,661 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were purchased at an average price of $43.56 per share, for a total transaction of $246,593.16. Following the purchase, the executive vice president directly owned 67,688 shares of the company’s stock, valued at approximately $2,948,489.28. This represents a 9.13% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.

LyondellBasell Industries Stock Performance

Shares of LyondellBasell Industries stock opened at $50.96 on Friday. LyondellBasell Industries N.V. has a 52 week low of $41.58 and a 52 week high of $79.39. The company has a quick ratio of 0.93, a current ratio of 1.57 and a debt-to-equity ratio of 1.00. The business has a 50 day moving average price of $45.83 and a 200-day moving average price of $50.25. The company has a market cap of $16.40 billion, a PE ratio of -13.59 and a beta of 0.70.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.21. LyondellBasell Industries had a positive return on equity of 7.50% and a negative net margin of 3.70%.The business had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $7.41 billion. During the same quarter in the prior year, the company posted $1.88 earnings per share. LyondellBasell Industries’s revenue was down 10.2% compared to the same quarter last year. Equities 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 declared a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, December 1st were issued a dividend of $1.37 per share. The ex-dividend date was Monday, December 1st. This represents a $5.48 annualized dividend and a yield of 10.8%. LyondellBasell Industries’s payout ratio is -146.13%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on LYB shares. Fermium Researc downgraded shares of LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 3rd. Zacks Research raised shares of LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 2nd. BMO Capital Markets reiterated an “underperform” rating and set a $36.00 price objective (down previously from $48.00) on shares of LyondellBasell Industries in a report on Monday, December 15th. Vertical Research downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $48.00 target price for the company. in a research note on Wednesday, January 7th. Finally, Jefferies Financial Group dropped 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. Two equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $52.42.

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.