LyondellBasell Industries N.V. $LYB Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 55.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 437,186 shares of the specialty chemicals company’s stock after selling 534,902 shares during the period. Envestnet Asset Management Inc. owned approximately 0.14% of LyondellBasell Industries worth $21,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in LYB. Capital A Wealth Management LLC increased its holdings 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 valued at $26,000 after acquiring an additional 442 shares in the last quarter. MTM Investment Management LLC acquired a new position in LyondellBasell Industries during the 2nd quarter valued at approximately $26,000. Parvin Asset Management LLC purchased a new position in shares of LyondellBasell Industries in the second quarter worth $26,000. EMC Capital Management acquired a new stake in LyondellBasell Industries during the 2nd quarter worth about $29,000. Finally, Vermillion & White Wealth Management Group LLC raised its stake in shares of LyondellBasell Industries by 97.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 534 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 264 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Wall Street Analysts Forecast Growth

LYB has been the topic of several research reports. Evercore cut their price target on shares of LyondellBasell Industries from $65.00 to $57.00 and set an “in-line” rating on the stock in a report on Tuesday, November 11th. BMO Capital Markets reaffirmed an “underperform” rating and issued a $36.00 price objective (down from $48.00) on shares of LyondellBasell Industries in a report on Monday, December 15th. The Goldman Sachs Group reissued a “sell” rating on shares of LyondellBasell Industries in a report on Monday, February 2nd. Wall Street Zen lowered shares of LyondellBasell Industries from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Finally, Vertical Research cut LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $48.00 price objective for the company. in a report on Wednesday, January 7th. One investment analyst has rated the stock with a Buy rating, seventeen have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $51.00.

LyondellBasell Industries Stock Down 0.4%

NYSE:LYB opened at $57.54 on Friday. LyondellBasell Industries N.V. has a 52 week low of $41.58 and a 52 week high of $78.52. The stock’s fifty day moving average is $48.31 and its two-hundred day moving average is $49.22. The stock has a market capitalization of $18.52 billion, a price-to-earnings ratio of -24.70, a price-to-earnings-growth ratio of 0.39 and a beta of 0.70. 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 earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.44). The firm had revenue of $7.09 billion for the quarter, compared to analyst estimates of $6.82 billion. LyondellBasell Industries had a positive return on equity of 4.94% and a negative net margin of 2.46%.LyondellBasell Industries’s revenue was down 9.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 EPS. Research analysts anticipate that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, December 1st were given a $1.37 dividend. This represents a $5.48 annualized dividend and a yield of 9.5%. The ex-dividend date of this dividend was Monday, December 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is currently -235.19%.

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.