Keybank National Association OH Purchases 35,841 Shares of LyondellBasell Industries N.V. $LYB

Keybank National Association OH raised its position in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 234.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,109 shares of the specialty chemicals company’s stock after purchasing an additional 35,841 shares during the period. Keybank National Association OH’s holdings in LyondellBasell Industries were worth $2,506,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LYB. New York Life Investment Management LLC lifted its holdings in shares of LyondellBasell Industries by 0.5% in the 2nd quarter. New York Life Investment Management LLC now owns 38,521 shares of the specialty chemicals company’s stock worth $2,229,000 after acquiring an additional 193 shares during the last quarter. State of Michigan Retirement System raised its holdings in LyondellBasell Industries by 0.3% during the 2nd 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 last quarter. Cooper Financial Group boosted its position in 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 during the period. U.S. Capital Wealth Advisors LLC grew its holdings in LyondellBasell Industries by 1.4% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 18,020 shares of the specialty chemicals company’s stock worth $884,000 after acquiring an additional 241 shares during the last quarter. Finally, Alan B Lancz & Associates Inc. grew its holdings in LyondellBasell Industries by 7.2% in the 2nd quarter. Alan B Lancz & Associates Inc. now owns 3,700 shares of the specialty chemicals company’s stock worth $214,000 after acquiring an additional 250 shares during the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wells Fargo & Company increased their target price on shares of LyondellBasell Industries from $45.00 to $48.00 and gave the stock an “equal weight” rating in a report on Monday. BMO Capital Markets restated an “underperform” rating and issued a $36.00 price objective (down from $48.00) on shares of LyondellBasell Industries in a report on Monday, December 15th. Jefferies Financial Group reduced 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. Royal Bank Of Canada increased their price objective on LyondellBasell Industries from $44.00 to $49.00 and gave the stock a “sector perform” rating in a report on Friday, January 16th. Finally, Zacks Research upgraded shares of LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 2nd. Two analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, LyondellBasell Industries has an average rating of “Reduce” and a consensus target price of $52.79.

Insiders Place Their Bets

In related news, EVP Kimberly A. Foley purchased 5,661 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were purchased at an average price of $43.56 per share, with a total value of $246,593.16. Following the acquisition, the executive vice president directly owned 67,688 shares in the company, valued at $2,948,489.28. The trade was a 9.13% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.14% of the company’s stock.

LyondellBasell Industries Stock Up 2.3%

NYSE:LYB opened at $50.15 on Tuesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.20 and a current ratio of 1.77. The firm has a market cap of $16.14 billion, a P/E ratio of -21.52 and a beta of 0.70. LyondellBasell Industries N.V. has a fifty-two week low of $41.58 and a fifty-two week high of $78.96. The firm has a 50-day simple moving average of $46.59 and a two-hundred day simple moving average of $49.48.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, January 30th. The specialty chemicals company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.44). LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.94%. The business had revenue of $7.09 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same period last year, the company posted $0.75 earnings per share. The business’s revenue was down 9.2% compared to the same quarter last year. Analysts predict 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 10.9%. The ex-dividend date was Monday, December 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -235.19%.

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.