Patriot Financial Group Insurance Agency LLC Takes $386,000 Position in LyondellBasell Industries N.V. $LYB

Patriot Financial Group Insurance Agency LLC bought a new stake in LyondellBasell Industries N.V. (NYSE:LYB) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,903 shares of the specialty chemicals company’s stock, valued at approximately $386,000.

Several other institutional investors and hedge funds also recently made changes to their positions in LYB. Capital Research Global Investors grew its position in shares of 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 valued at $215,258,000 after purchasing an additional 3,619,468 shares during the last quarter. Capital World Investors grew its position in shares of LyondellBasell Industries by 13.1% in the third 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 last quarter. Ameriprise Financial Inc. grew its position in shares of LyondellBasell Industries by 67.5% in the second 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 last quarter. AQR Capital Management LLC grew its position in shares of LyondellBasell Industries by 30.2% in the second quarter. AQR Capital Management LLC now owns 1,607,363 shares of the specialty chemicals company’s stock valued at $92,632,000 after purchasing an additional 372,817 shares during the last quarter. Finally, Gradient Investments LLC acquired a new position in shares of LyondellBasell Industries in the fourth quarter valued at approximately $12,504,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on LYB shares. Citigroup upped their target price on LyondellBasell Industries from $76.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, April 8th. UBS Group increased their price target on LyondellBasell Industries from $73.00 to $79.00 and gave the stock a “neutral” rating in a research report on Thursday, March 26th. Alembic Global Advisors raised LyondellBasell Industries from a “neutral” rating to an “overweight” rating in a research report on Thursday, April 9th. The Goldman Sachs Group reissued a “sell” rating on shares of LyondellBasell Industries in a research report on Monday, February 2nd. Finally, BMO Capital Markets increased their price target on LyondellBasell Industries from $68.00 to $82.00 and gave the stock a “market perform” rating in a research report on Monday, April 13th. One 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 stock. According to data from MarketBeat.com, LyondellBasell Industries has a consensus rating of “Hold” and an average target price of $71.06.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the firm’s stock in a transaction on 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 sale, the insider owned 5,270,918 shares of the company’s stock, valued at approximately $359,107,643.34. This trade represents a 6.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.14% of the company’s stock.

LyondellBasell Industries Trading Up 0.2%

Shares of NYSE:LYB opened at $66.40 on Monday. The company has a market capitalization of $21.43 billion, a P/E ratio of -28.50, a P/E/G ratio of 0.27 and a beta of 0.40. LyondellBasell Industries N.V. has a 1 year low of $41.58 and a 1 year high of $83.94. 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’s 50 day simple moving average is $68.07 and its 200 day simple moving average is $54.17.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Saturday, February 21st. The specialty chemicals company reported ($0.26) earnings per share for the quarter. The business had revenue of $7.09 billion during the quarter. LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.93%. On average, research analysts anticipate that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal 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 issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, March 2nd. LyondellBasell Industries’s dividend payout ratio (DPR) is currently -118.45%.

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.