Aberdeen Group plc Lowers Stock Position in LyondellBasell Industries N.V. $LYB

Aberdeen Group plc trimmed its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 16.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 134,221 shares of the specialty chemicals company’s stock after selling 25,864 shares during the period. Aberdeen Group plc’s holdings in LyondellBasell Industries were worth $6,494,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. Norges Bank purchased a new stake in LyondellBasell Industries in the second quarter valued at approximately $280,000,000. Soundwatch Capital LLC acquired a new position in LyondellBasell Industries during the 2nd quarter worth about $268,123,000. Ameriprise Financial Inc. lifted its stake in LyondellBasell Industries by 67.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,372,998 shares of the specialty chemicals company’s stock worth $79,438,000 after acquiring an additional 553,081 shares in the last quarter. State Street Corp grew its position in 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 acquiring an additional 514,057 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in LyondellBasell Industries by 30.2% during the second quarter. AQR Capital Management LLC now owns 1,607,363 shares of the specialty chemicals company’s stock worth $92,632,000 after purchasing an additional 372,817 shares during the period. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on LYB shares. Citigroup lifted their price objective on shares of LyondellBasell Industries from $46.00 to $49.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. UBS Group dropped their price target on shares of LyondellBasell Industries from $41.00 to $38.00 and set a “sell” rating for the company in a research note on Tuesday, December 23rd. KeyCorp reaffirmed a “sector weight” rating on shares of LyondellBasell Industries in a research report on Monday, February 2nd. Fermium Researc lowered LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 3rd. Finally, Bank of America cut their target price on shares of LyondellBasell Industries from $52.00 to $46.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, LyondellBasell Industries presently has a consensus rating of “Reduce” and a consensus target price of $51.00.

LyondellBasell Industries Stock Performance

NYSE LYB opened at $56.72 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.77 and a quick ratio of 1.20. LyondellBasell Industries N.V. has a 1 year low of $41.58 and a 1 year high of $78.41. The company has a market capitalization of $18.26 billion, a PE ratio of -24.34, a P/E/G ratio of 0.38 and a beta of 0.70. The company has a fifty day moving average of $49.55 and a two-hundred day moving average of $49.21.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results 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). 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 firm’s revenue for the quarter was down 9.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 EPS. As a group, analysts expect that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 9th. Shareholders of record on Monday, March 2nd will be paid a $0.69 dividend. The ex-dividend date is Monday, March 2nd. This represents a $2.76 dividend on an annualized basis and a yield of 4.9%. LyondellBasell Industries’s payout ratio is currently -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.