AustralianSuper Pty Ltd Sells 575,214 Shares of LyondellBasell Industries N.V. $LYB

AustralianSuper Pty Ltd trimmed its position in LyondellBasell Industries N.V. (NYSE:LYB) by 42.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 792,283 shares of the specialty chemicals company’s stock after selling 575,214 shares during the quarter. AustralianSuper Pty Ltd owned 0.25% of LyondellBasell Industries worth $38,854,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Capital A Wealth Management LLC lifted its stake in LyondellBasell Industries by 6,314.3% in the second quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 442 shares during the period. MTM Investment Management LLC bought a new stake in shares of LyondellBasell Industries in the 2nd quarter valued at about $26,000. Parvin Asset Management LLC purchased a new stake in shares of LyondellBasell Industries in the 2nd quarter worth approximately $26,000. EMC Capital Management bought a new position in shares of LyondellBasell Industries during the second quarter valued at approximately $29,000. Finally, Vermillion & White Wealth Management Group LLC increased its holdings in LyondellBasell Industries by 97.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 534 shares of the specialty chemicals company’s stock valued at $31,000 after buying an additional 264 shares during the period. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

LYB has been the subject of a number of analyst reports. UBS Group lowered their target price on LyondellBasell Industries from $41.00 to $38.00 and set a “sell” rating for the company in a report on Tuesday, December 23rd. 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 research note on Wednesday, January 7th. The Goldman Sachs Group reiterated a “sell” rating on shares of LyondellBasell Industries in a research note on Monday, February 2nd. KeyCorp reissued a “sector weight” rating on shares of LyondellBasell Industries in a research report on Monday, February 2nd. Finally, Citigroup raised their price target on shares of LyondellBasell Industries from $46.00 to $49.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. One investment analyst has rated the stock with a Buy rating, seventeen have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, LyondellBasell Industries has an average rating of “Reduce” and an average price target of $51.12.

LyondellBasell Industries Stock Performance

Shares of NYSE LYB opened at $58.20 on Wednesday. The company has a 50 day simple moving average of $51.54 and a two-hundred day simple moving average of $49.50. The stock has a market cap of $18.75 billion, a price-to-earnings ratio of -24.98, a PEG ratio of 0.42 and a beta of 0.64. The company has a current ratio of 1.77, a quick ratio of 1.20 and a debt-to-equity ratio of 1.20. LyondellBasell Industries N.V. has a 12 month low of $41.58 and a 12 month high of $78.41.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data 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). The business had revenue of $7.09 billion during the quarter, compared to analyst estimates of $6.82 billion. LyondellBasell Industries had a positive return on equity of 4.93% and a negative net margin of 2.46%.The firm’s revenue was down 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.75 EPS. As a group, analysts predict that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 9th. Stockholders of record on Monday, March 2nd will be issued a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, March 2nd. LyondellBasell Industries’s payout ratio is -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.