LyondellBasell Industries N.V. $LYB Shares Sold by Benedict Financial Advisors Inc.

Benedict Financial Advisors Inc. cut its position in LyondellBasell Industries N.V. (NYSE:LYB) by 62.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,558 shares of the specialty chemicals company’s stock after selling 12,680 shares during the period. Benedict Financial Advisors Inc.’s holdings in LyondellBasell Industries were worth $327,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Bayforest Capital Ltd grew its holdings in LyondellBasell Industries by 104.9% during the fourth quarter. Bayforest Capital Ltd now owns 9,747 shares of the specialty chemicals company’s stock worth $422,000 after acquiring an additional 4,989 shares during the period. Elevated Capital Advisors LLC grew its holdings in LyondellBasell Industries by 26.3% during the fourth quarter. Elevated Capital Advisors LLC now owns 22,233 shares of the specialty chemicals company’s stock worth $963,000 after acquiring an additional 4,624 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its holdings in LyondellBasell Industries by 5.6% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,722 shares of the specialty chemicals company’s stock worth $464,000 after acquiring an additional 565 shares during the period. Patriot Financial Group Insurance Agency LLC acquired a new stake in LyondellBasell Industries during the fourth quarter worth about $386,000. Finally, Merit Financial Group LLC boosted its position in LyondellBasell Industries by 14.9% during the fourth quarter. Merit Financial Group LLC now owns 8,809 shares of the specialty chemicals company’s stock worth $381,000 after purchasing an additional 1,143 shares in the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

LyondellBasell Industries Trading Down 11.8%

Shares of NYSE LYB opened at $66.40 on Friday. LyondellBasell Industries N.V. has a twelve month low of $41.58 and a twelve month high of $83.94. The company has a current ratio of 1.77, a quick ratio of 1.20 and a debt-to-equity ratio of 1.20. The stock has a fifty day simple moving average of $68.07 and a 200-day simple moving average of $54.13. The stock has a market capitalization of $21.43 billion, a PE ratio of -28.50, a PEG ratio of 0.31 and a beta of 0.40.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Saturday, February 21st. The specialty chemicals company reported ($0.26) earnings per share 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. On average, equities analysts forecast 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. Investors of record on Monday, March 2nd were paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Monday, March 2nd. LyondellBasell Industries’s payout ratio is presently -118.45%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LYB shares. Vertical Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Monday, March 9th. BMO Capital Markets raised their target price on LyondellBasell Industries from $68.00 to $82.00 and gave the company a “market perform” rating in a research report on Monday, April 13th. Jefferies Financial Group raised their target price on LyondellBasell Industries from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday. Mizuho increased their price target on LyondellBasell Industries from $62.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, March 23rd. Finally, Alembic Global Advisors raised LyondellBasell Industries from a “neutral” rating to an “overweight” rating in a report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, LyondellBasell Industries presently has a consensus rating of “Hold” and an average price target of $71.06.

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.