Cincinnati Insurance Co. Has $43.43 Million Stock Holdings in LyondellBasell Industries N.V. $LYB

Cincinnati Insurance Co. increased its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 12.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 885,666 shares of the specialty chemicals company’s stock after buying an additional 100,000 shares during the quarter. Cincinnati Insurance Co. owned 0.28% of LyondellBasell Industries worth $43,433,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of LYB. Bank of Montreal Can increased its holdings in shares of LyondellBasell Industries by 2.4% during the 2nd quarter. Bank of Montreal Can now owns 651,236 shares of the specialty chemicals company’s stock valued at $37,681,000 after acquiring an additional 15,264 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in LyondellBasell Industries by 62.2% during the second quarter. Rockefeller Capital Management L.P. now owns 42,321 shares of the specialty chemicals company’s stock worth $2,583,000 after purchasing an additional 16,234 shares during the period. Kingsview Wealth Management LLC boosted its position in LyondellBasell Industries by 375.1% during the second quarter. Kingsview Wealth Management LLC now owns 18,007 shares of the specialty chemicals company’s stock worth $1,042,000 after purchasing an additional 14,217 shares during the period. Hosking Partners LLP raised its position in shares of LyondellBasell Industries by 33.3% in the third quarter. Hosking Partners LLP now owns 595,587 shares of the specialty chemicals company’s stock valued at $29,208,000 after purchasing an additional 148,673 shares during the period. Finally, Norges Bank acquired a new stake in shares of LyondellBasell Industries in the second quarter worth $280,000,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Trading Up 4.0%

Shares of LYB stock opened at $57.70 on Wednesday. The firm has a 50-day moving average price of $47.47 and a 200 day moving average price of $49.13. The company has a quick ratio of 1.20, a current ratio of 1.77 and a debt-to-equity ratio of 1.20. LyondellBasell Industries N.V. has a 12-month low of $41.58 and a 12-month high of $78.52. The company has a market capitalization of $18.57 billion, a P/E ratio of -24.76, a P/E/G ratio of 0.38 and a beta of 0.70.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, January 30th. The specialty chemicals company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.44). LyondellBasell Industries had a positive return on equity of 4.94% and a negative net margin of 2.46%.The business had revenue of $7.09 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same period in the prior year, the firm posted $0.75 EPS. LyondellBasell Industries’s revenue for the quarter was down 9.2% compared to the same quarter last year. Research analysts forecast 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 announced a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, December 1st were paid a $1.37 dividend. This represents a $5.48 annualized dividend and a dividend yield of 9.5%. The ex-dividend date of this dividend was Monday, December 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is -235.19%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LYB. Jefferies Financial Group lowered their target price on shares of LyondellBasell Industries from $50.00 to $46.00 and set a “hold” rating on the stock in a research note on Monday, December 8th. Wolfe Research lowered their price target on LyondellBasell Industries from $39.00 to $38.00 and set an “underperform” rating on the stock in a research report on Monday, February 2nd. Evercore cut their price objective on LyondellBasell Industries from $65.00 to $57.00 and set an “in-line” rating for the company in a research report on Tuesday, November 11th. UBS Group lowered their target price on LyondellBasell Industries from $41.00 to $38.00 and set a “sell” rating on the stock in a report on Tuesday, December 23rd. Finally, The Goldman Sachs Group reiterated a “sell” rating on shares of LyondellBasell Industries in a report on Monday, February 2nd. One analyst has rated the stock with a Buy rating, seventeen have issued a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $51.00.

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.