LyondellBasell Industries N.V. $LYB Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH decreased its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 3.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 565,437 shares of the specialty chemicals company’s stock after selling 19,441 shares during the period. Allianz Asset Management GmbH owned approximately 0.18% of LyondellBasell Industries worth $27,729,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. MTM Investment Management LLC bought a new position in shares of LyondellBasell Industries in the second quarter valued at $26,000. Parvin Asset Management LLC acquired a new position in shares of LyondellBasell Industries in the 2nd quarter worth $26,000. Capital A Wealth Management LLC raised its position in shares of LyondellBasell Industries by 6,314.3% during the second quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 442 shares during the period. EMC Capital Management purchased a new stake in shares of LyondellBasell Industries during the second quarter valued at $29,000. Finally, Quent Capital LLC acquired a new position in shares of LyondellBasell Industries in the 3rd quarter valued at $29,000. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Stock Down 5.6%

LYB stock opened at $53.92 on Friday. The company has a 50 day moving average of $47.00 and a two-hundred day moving average of $49.50. The company has a market cap of $17.36 billion, a price-to-earnings ratio of -23.14, a PEG ratio of 0.39 and a beta of 0.70. LyondellBasell Industries N.V. has a 12-month low of $41.58 and a 12-month high of $78.52. The company has a quick ratio of 1.20, a current ratio of 1.77 and a debt-to-equity ratio of 1.20.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.44). LyondellBasell Industries had a positive return on equity of 4.94% and a negative net margin of 2.46%.The company had revenue of $7.09 billion during the quarter, compared to analyst estimates of $6.82 billion. The company’s revenue was down 9.2% compared to the same quarter last year. During the same period last year, the company posted $0.75 earnings per share. On average, equities analysts anticipate that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, December 1st were paid a dividend of $1.37 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $5.48 dividend on an annualized basis and a dividend yield of 10.2%. LyondellBasell Industries’s dividend payout ratio (DPR) is -235.19%.

Wall Street Analysts Forecast Growth

LYB has been the topic of several recent analyst reports. Bank of America cut their price objective on LyondellBasell Industries from $52.00 to $46.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Zacks Research upgraded shares of LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. Fermium Researc cut shares of LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 3rd. Alembic Global Advisors raised shares of LyondellBasell Industries to a “hold” rating in a research note on Monday, October 20th. Finally, UBS Group decreased their target price on LyondellBasell Industries from $41.00 to $38.00 and set a “sell” rating for the company in a research report on Tuesday, December 23rd. One equities research analyst has rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and an average price target of $51.28.

Insider Activity

In other news, EVP Kimberly A. Foley purchased 5,661 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was acquired at an average price of $43.56 per share, with a total value of $246,593.16. Following the purchase, the executive vice president owned 67,688 shares in the company, valued at $2,948,489.28. This represents a 9.13% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, 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.