Bank Pictet & Cie Europe AG Has $1.23 Million Stock Position in LyondellBasell Industries N.V. $LYB

Bank Pictet & Cie Europe AG lifted its position in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 45.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,420 shares of the specialty chemicals company’s stock after acquiring an additional 8,878 shares during the quarter. Bank Pictet & Cie Europe AG’s holdings in LyondellBasell Industries were worth $1,231,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Hosking Partners LLP boosted its stake in shares of LyondellBasell Industries by 33.3% in the 3rd 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 last quarter. Capital World Investors raised its stake in shares of LyondellBasell Industries by 13.1% during the third quarter. Capital World Investors now owns 9,807,743 shares of the specialty chemicals company’s stock worth $480,972,000 after buying an additional 1,135,258 shares during the last quarter. TD Asset Management Inc lifted its holdings in LyondellBasell Industries by 12.8% in the third quarter. TD Asset Management Inc now owns 286,067 shares of the specialty chemicals company’s stock valued at $14,029,000 after buying an additional 32,401 shares during the period. Bruce & Co. Inc. lifted its holdings in LyondellBasell Industries by 50.0% in the third quarter. Bruce & Co. Inc. now owns 60,000 shares of the specialty chemicals company’s stock valued at $2,942,000 after buying an additional 20,000 shares during the period. Finally, First Horizon Corp bought a new position in LyondellBasell Industries in the third quarter valued at approximately $8,965,000. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Trading Down 5.0%

LYB opened at $76.51 on Thursday. The firm’s fifty day moving average is $62.49 and its two-hundred day moving average is $52.10. The firm has a market cap of $24.65 billion, a PE ratio of -32.83, a price-to-earnings-growth ratio of 0.46 and a beta of 0.39. LyondellBasell Industries N.V. has a twelve month low of $41.58 and a twelve month high of $83.94. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.20 and a current ratio of 1.77.

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

LyondellBasell Industries Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Monday, March 2nd. LyondellBasell Industries’s payout ratio is presently -118.45%.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $68.13, for a total value of $26,199,255.24. Following the completion of the sale, the insider directly owned 5,270,918 shares in the company, valued at $359,107,643.34. This represents a 6.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

LYB has been the subject of several recent research reports. Bank of America dropped their target price on shares of LyondellBasell Industries from $52.00 to $46.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Wells Fargo & Company raised their price target on LyondellBasell Industries from $70.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft lifted their price objective on LyondellBasell Industries from $52.00 to $75.00 and gave the stock a “hold” rating in a research note on Thursday, March 19th. Vertical Research upgraded 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. Finally, UBS Group increased their target price on LyondellBasell Industries from $73.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $66.89.

LyondellBasell Industries Company 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.