CIBC Bancorp USA Inc. Buys Shares of 157,070 LyondellBasell Industries N.V. $LYB

CIBC Bancorp USA Inc. purchased a new position in shares of LyondellBasell Industries N.V. (NYSE:LYB) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 157,070 shares of the specialty chemicals company’s stock, valued at approximately $7,703,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LYB. Cooper Financial Group raised its position in shares of LyondellBasell Industries by 4.3% in the third quarter. Cooper Financial Group now owns 5,146 shares of the specialty chemicals company’s stock valued at $252,000 after buying an additional 211 shares during the last quarter. Capital Investment Advisory Services LLC raised its holdings 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 last quarter. U.S. Capital Wealth Advisors LLC lifted its stake in LyondellBasell Industries by 1.4% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 18,020 shares of the specialty chemicals company’s stock worth $884,000 after purchasing an additional 241 shares in the last quarter. Vermillion & White Wealth Management Group LLC boosted its holdings in shares of LyondellBasell Industries by 97.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 534 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 264 shares during the last quarter. Finally, Atalanta Sosnoff Capital LLC grew its position in shares of LyondellBasell Industries by 4.7% in the second quarter. Atalanta Sosnoff Capital LLC now owns 5,945 shares of the specialty chemicals company’s stock valued at $344,000 after purchasing an additional 268 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analysts Set New Price Targets

LYB has been the topic of a number of recent research reports. Mizuho boosted their price objective on LyondellBasell Industries from $49.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Vertical Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Monday, March 9th. Bank of America reduced 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. Weiss Ratings reissued a “sell (d+)” rating on shares of LyondellBasell Industries in a research note on Thursday, January 22nd. Finally, Wells Fargo & Company lifted their price target on shares of LyondellBasell Industries from $48.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, LyondellBasell Industries presently has a consensus rating of “Hold” and an average price target of $64.44.

Insider Activity

In other news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the business’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $68.13, for a total transaction of $26,199,255.24. Following the transaction, the insider directly owned 5,270,918 shares of the company’s stock, valued at approximately $359,107,643.34. The trade was a 6.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.14% of the stock is owned by corporate insiders.

LyondellBasell Industries Trading Down 1.7%

NYSE LYB opened at $73.30 on Friday. The company has a market cap of $23.62 billion, a P/E ratio of -31.46, a P/E/G ratio of 0.64 and a beta of 0.64. LyondellBasell Industries N.V. has a 12 month low of $41.58 and a 12 month high of $77.36. 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 50-day moving average of $58.08 and a 200-day moving average of $50.84.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.44). The company had revenue of $7.09 billion during the quarter, compared to analyst estimates of $6.82 billion. LyondellBasell Industries had a positive return on equity of 4.93% and a negative net margin of 2.46%.LyondellBasell Industries’s revenue was down 9.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.75 earnings per share. As a group, equities analysts predict that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, March 2nd were paid a $0.69 dividend. The ex-dividend date was Monday, March 2nd. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.8%. LyondellBasell Industries’s dividend payout ratio (DPR) is -118.45%.

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.