apricus wealth LLC Purchases 11,250 Shares of LyondellBasell Industries N.V. $LYB

apricus wealth LLC lifted its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 52.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,555 shares of the specialty chemicals company’s stock after buying an additional 11,250 shares during the period. apricus wealth LLC’s holdings in LyondellBasell Industries were worth $1,410,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of LYB. Norges Bank purchased a new stake in shares of LyondellBasell Industries during the second quarter valued at approximately $280,000,000. Capital Research Global Investors boosted its position in LyondellBasell Industries by 470.1% in the third quarter. Capital Research Global Investors now owns 4,389,442 shares of the specialty chemicals company’s stock worth $215,258,000 after purchasing an additional 3,619,468 shares during the last quarter. Capital World Investors grew its stake in LyondellBasell Industries by 13.1% in the 3rd quarter. Capital World Investors now owns 9,807,743 shares of the specialty chemicals company’s stock valued at $480,972,000 after purchasing an additional 1,135,258 shares during the period. Ameriprise Financial Inc. grew its stake in LyondellBasell Industries by 67.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,372,998 shares of the specialty chemicals company’s stock valued at $79,438,000 after purchasing an additional 553,081 shares during the period. Finally, State Street Corp increased its position in shares of LyondellBasell Industries by 4.1% during 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. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock opened at $82.48 on Tuesday. The firm has a market capitalization of $26.57 billion, a P/E ratio of -35.40, a PEG ratio of 0.46 and a beta of 0.64. LyondellBasell Industries N.V. has a one year low of $41.58 and a one year high of $83.86. 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 business has a fifty day moving average price of $61.36 and a 200-day moving average price of $51.75.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Saturday, February 21st. The specialty chemicals company reported ($0.26) earnings per share (EPS) for the quarter. The company had revenue of $7.09 billion for the quarter. LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.93%. As a group, equities research analysts forecast that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, March 2nd were given a dividend of $0.69 per share. The ex-dividend date was Monday, March 2nd. This represents a $2.76 annualized dividend and a dividend yield of 3.3%. LyondellBasell Industries’s dividend payout ratio is currently -118.45%.

Wall Street Analysts Forecast Growth

LYB has been the topic of a number of research analyst reports. Zacks Research raised shares of LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 2nd. Fermium Researc raised shares of LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 9th. Citigroup upgraded shares of LyondellBasell Industries from a “neutral” rating to a “buy” rating and boosted their target price for the company from $49.00 to $76.00 in a research note on Thursday, March 12th. Jefferies Financial Group increased their target price on shares of LyondellBasell Industries from $51.00 to $70.00 and gave the company a “hold” rating in a research report on Tuesday, March 10th. Finally, Vertical Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $66.56.

Insider Buying and Selling at LyondellBasell Industries

In other news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $68.13, for a total value of $26,199,255.24. Following the sale, the insider directly owned 5,270,918 shares of the company’s stock, valued at approximately $359,107,643.34. This represents a 6.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

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.