LyondellBasell Industries N.V. $LYB Shares Purchased by ANTIPODES PARTNERS Ltd

ANTIPODES PARTNERS Ltd grew its position in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 13.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 238,718 shares of the specialty chemicals company’s stock after acquiring an additional 29,099 shares during the quarter. ANTIPODES PARTNERS Ltd owned about 0.07% of LyondellBasell Industries worth $11,708,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. New York Life Investment Management LLC grew its position in LyondellBasell Industries by 0.5% in the 2nd quarter. New York Life Investment Management LLC now owns 38,521 shares of the specialty chemicals company’s stock worth $2,229,000 after purchasing an additional 193 shares during the last quarter. State of Michigan Retirement System grew its holdings in LyondellBasell Industries by 0.3% in the 2nd quarter. State of Michigan Retirement System now owns 78,165 shares of the specialty chemicals company’s stock worth $4,523,000 after buying an additional 200 shares in the last quarter. Cooper Financial Group increased its position in LyondellBasell Industries by 4.3% in the 3rd quarter. Cooper Financial Group now owns 5,146 shares of the specialty chemicals company’s stock valued at $252,000 after acquiring an additional 211 shares during the period. Capital Investment Advisory Services LLC increased its position in LyondellBasell Industries by 2.5% in the 3rd quarter. Capital Investment Advisory Services LLC now owns 9,345 shares of the specialty chemicals company’s stock valued at $458,000 after acquiring an additional 226 shares during the period. Finally, U.S. Capital Wealth Advisors LLC raised its stake in LyondellBasell Industries by 1.4% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 18,020 shares of the specialty chemicals company’s stock valued at $884,000 after acquiring an additional 241 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their price target on LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. Wells Fargo & Company increased their target price on shares of LyondellBasell Industries from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday, February 2nd. Wall Street Zen downgraded shares of LyondellBasell Industries from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Royal Bank Of Canada increased their price objective on shares of LyondellBasell Industries from $49.00 to $51.00 and gave the company a “sector perform” rating in a report on Tuesday, February 3rd. Finally, Jefferies Financial Group dropped their target price on LyondellBasell Industries from $50.00 to $46.00 and set a “hold” rating on the stock in a report on Monday, December 8th. One analyst has rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, LyondellBasell Industries currently has a consensus rating of “Reduce” and an average price target of $51.00.

LyondellBasell Industries Stock Performance

Shares of LYB opened at $56.72 on Friday. LyondellBasell Industries N.V. has a 12-month low of $41.58 and a 12-month high of $78.41. The stock has a market capitalization of $18.26 billion, a P/E ratio of -24.34, a P/E/G ratio of 0.38 and a beta of 0.70. The firm’s 50 day moving average is $49.55 and its 200-day moving average is $49.21. 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 (NYSE:LYB) last issued 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). The business had revenue of $7.09 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.75 earnings per share. Equities research analysts anticipate that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Cuts Dividend

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