Hartford Investment Management Co. Takes Position in LyondellBasell Industries N.V. $LYB

Hartford Investment Management Co. bought a new position in shares of LyondellBasell Industries N.V. (NYSE:LYB) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 14,850 shares of the specialty chemicals company’s stock, valued at approximately $728,000.

A number of other institutional investors also recently modified their holdings of the company. MTM Investment Management LLC bought a new stake in LyondellBasell Industries during the second quarter valued at about $26,000. Parvin Asset Management LLC bought a new stake in LyondellBasell Industries during the 2nd quarter valued at approximately $26,000. Capital A Wealth Management LLC grew its holdings in LyondellBasell Industries by 6,314.3% in the 2nd quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 442 shares during the last quarter. EMC Capital Management bought a new position in LyondellBasell Industries in the 2nd quarter worth approximately $29,000. Finally, Quent Capital LLC bought a new stake in shares of LyondellBasell Industries in the third quarter valued at approximately $29,000. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock opened at $53.92 on Friday. The business has a 50 day simple moving average of $47.00 and a 200 day simple moving average of $49.50. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.77 and a quick ratio of 1.20. The company has a market capitalization of $17.36 billion, a PE ratio of -23.14, a price-to-earnings-growth ratio of 0.39 and a beta of 0.70. LyondellBasell Industries N.V. has a one year low of $41.58 and a one year high of $78.52.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, January 30th. The specialty chemicals company reported ($0.26) earnings per share (EPS) 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 company had revenue of $7.09 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the previous year, the business posted $0.75 earnings per share. The firm’s revenue was down 9.2% compared to the same quarter last year. On average, sell-side analysts forecast that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, December 1st were paid a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a yield of 10.2%. The ex-dividend date of this dividend was Monday, December 1st. LyondellBasell Industries’s dividend payout ratio is currently -235.19%.

Analyst Upgrades and Downgrades

LYB has been the topic of a number of research reports. Zacks Research raised shares of LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. Jefferies Financial Group cut their price objective on shares of LyondellBasell Industries from $50.00 to $46.00 and set a “hold” rating for the company in a research report on Monday, December 8th. Vertical Research downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $48.00 target price on the stock. in a research report on Wednesday, January 7th. The Goldman Sachs Group reaffirmed a “sell” rating on shares of LyondellBasell Industries in a report on Monday. Finally, Wall Street Zen cut LyondellBasell Industries from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. One investment analyst has rated the stock with a Buy rating, seventeen have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, LyondellBasell Industries presently has an average rating of “Reduce” and an average price target of $51.28.

Insider Buying and Selling at LyondellBasell Industries

In other news, EVP Kimberly A. Foley bought 5,661 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was bought at an average price of $43.56 per share, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.14% of the company’s stock.

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.