Federated Hermes Inc. Trims Holdings in LyondellBasell Industries N.V. $LYB

Federated Hermes Inc. reduced its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 99.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,053 shares of the specialty chemicals company’s stock after selling 2,400,692 shares during the quarter. Federated Hermes Inc.’s holdings in LyondellBasell Industries were worth $689,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of LYB. Dodge & Cox boosted its holdings in LyondellBasell Industries by 0.4% in the 2nd quarter. Dodge & Cox now owns 16,969,997 shares of the specialty chemicals company’s stock valued at $981,884,000 after purchasing an additional 73,965 shares during the last quarter. State Street Corp lifted its stake in shares of LyondellBasell Industries by 4.1% in the 2nd quarter. State Street Corp now owns 12,915,151 shares of the specialty chemicals company’s stock valued at $747,271,000 after purchasing an additional 514,057 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of LyondellBasell Industries by 2.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 9,476,600 shares of the specialty chemicals company’s stock worth $548,316,000 after purchasing an additional 237,038 shares during the period. Geode Capital Management LLC increased its position in shares of LyondellBasell Industries by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 6,824,462 shares of the specialty chemicals company’s stock worth $395,486,000 after purchasing an additional 24,161 shares during the last quarter. Finally, Norges Bank purchased a new stake in LyondellBasell Industries in the 2nd quarter valued at about $280,000,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Insider Buying and Selling 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 acquired at an average price of $43.56 per share, with a total value of $246,593.16. Following the transaction, 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 acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.14% of the company’s stock.

LyondellBasell Industries Stock Up 2.4%

LYB stock opened at $55.17 on Friday. LyondellBasell Industries N.V. has a fifty-two week low of $41.58 and a fifty-two week high of $78.52. The company’s 50 day moving average price is $47.12 and its 200 day moving average price is $49.34. 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 capitalization of $17.76 billion, a price-to-earnings ratio of -23.68, a PEG ratio of 0.38 and a beta of 0.70.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.44). The firm had revenue of $7.09 billion for the quarter, compared to analyst estimates of $6.82 billion. LyondellBasell Industries had a positive return on equity of 4.94% and a negative net margin of 2.46%.The company’s revenue was down 9.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.75 EPS. On average, equities research analysts anticipate that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, December 1st were issued a $1.37 dividend. The ex-dividend date was Monday, December 1st. This represents a $5.48 dividend on an annualized basis and a dividend yield of 9.9%. LyondellBasell Industries’s dividend payout ratio is presently -235.19%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Jefferies Financial Group decreased their price objective on shares of LyondellBasell Industries from $50.00 to $46.00 and set a “hold” rating on the stock in a report on Monday, December 8th. Wolfe Research decreased their price target on LyondellBasell Industries from $39.00 to $38.00 and set an “underperform” rating on the stock in a research note on Monday, February 2nd. Zacks Research raised LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 2nd. 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 report on Wednesday, January 7th. Finally, Royal Bank Of Canada increased their price target on shares of LyondellBasell Industries from $49.00 to $51.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, LyondellBasell Industries currently has an average rating of “Reduce” and an average price target of $51.00.

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.