Altrius Capital Management Inc Purchases 27,855 Shares of LyondellBasell Industries N.V. $LYB

Altrius Capital Management Inc increased its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 19.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 169,105 shares of the specialty chemicals company’s stock after purchasing an additional 27,855 shares during the period. LyondellBasell Industries makes up approximately 1.9% of Altrius Capital Management Inc’s holdings, making the stock its 19th largest position. Altrius Capital Management Inc owned 0.05% of LyondellBasell Industries worth $8,293,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. swisspartners Advisors Ltd lifted its position in LyondellBasell Industries by 9.0% in the third quarter. swisspartners Advisors Ltd now owns 114,563 shares of the specialty chemicals company’s stock worth $5,632,000 after purchasing an additional 9,450 shares during the period. SBI Securities Co. Ltd. lifted its position in shares of LyondellBasell Industries by 89.0% during the third quarter. SBI Securities Co. Ltd. now owns 6,329 shares of the specialty chemicals company’s stock worth $310,000 after purchasing an additional 2,980 shares in the last quarter. Unison Advisors LLC increased its stake in shares of LyondellBasell Industries by 2.3% in the 3rd quarter. Unison Advisors LLC now owns 43,194 shares of the specialty chemicals company’s stock valued at $2,118,000 after buying an additional 951 shares during the period. Marco Investment Management LLC boosted its stake in shares of LyondellBasell Industries by 1.6% in the 3rd quarter. Marco Investment Management LLC now owns 178,796 shares of the specialty chemicals company’s stock valued at $8,768,000 after purchasing an additional 2,831 shares during the last quarter. Finally, Hartford Investment Management Co. acquired a new position in shares of LyondellBasell Industries in the 3rd quarter valued at $728,000. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Price Performance

Shares of NYSE:LYB opened at $57.19 on Thursday. LyondellBasell Industries N.V. has a 52 week low of $41.58 and a 52 week high of $78.52. 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 $18.41 billion, a PE ratio of -24.54, a price-to-earnings-growth ratio of 0.35 and a beta of 0.70. The firm’s fifty day moving average is $46.89 and its 200-day moving average is $49.47.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $7.09 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same period in the prior year, the company posted $0.75 EPS. The business’s revenue for the quarter was down 9.2% compared to the same quarter last year. Sell-side analysts predict that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, December 1st were issued a dividend of $1.37 per share. This represents a $5.48 dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date was Monday, December 1st. LyondellBasell Industries’s dividend payout ratio is presently -235.19%.

Insiders Place Their Bets

In other news, EVP Kimberly A. Foley acquired 5,661 shares of LyondellBasell Industries stock in a transaction on Wednesday, November 12th. The stock was purchased at an average price of $43.56 per share, with a total value of $246,593.16. Following the completion of 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LYB. UBS Group reduced their price target on shares of LyondellBasell Industries from $41.00 to $38.00 and set a “sell” rating on the stock in a research report on Tuesday, December 23rd. Wolfe Research lowered their price target on LyondellBasell Industries from $40.00 to $39.00 and set an “underperform” rating on the stock in a research report on Friday, January 16th. Wall Street Zen lowered LyondellBasell Industries from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. BMO Capital Markets restated an “underperform” rating and set a $36.00 price objective (down from $48.00) on shares of LyondellBasell Industries in a research report on Monday, December 15th. Finally, Mizuho boosted their price objective on shares of LyondellBasell Industries from $49.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, January 30th. One equities research analyst has rated the stock with a Buy rating, seventeen have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, LyondellBasell Industries presently has a consensus rating of “Reduce” and an average target price of $51.28.

LyondellBasell Industries 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.