Capital International Inc. CA Boosts Stock Position in LyondellBasell Industries N.V. $LYB

Capital International Inc. CA raised its holdings in LyondellBasell Industries N.V. (NYSE:LYBFree Report) by 29.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,146 shares of the specialty chemicals company’s stock after purchasing an additional 15,644 shares during the quarter. Capital International Inc. CA’s holdings in LyondellBasell Industries were worth $3,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Rockefeller Capital Management L.P. raised its position in LyondellBasell Industries by 62.2% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 42,321 shares of the specialty chemicals company’s stock worth $2,583,000 after purchasing an additional 16,234 shares during the period. Kingsview Wealth Management LLC grew its stake in shares of LyondellBasell Industries by 375.1% during the second quarter. Kingsview Wealth Management LLC now owns 18,007 shares of the specialty chemicals company’s stock valued at $1,042,000 after buying an additional 14,217 shares during the last quarter. Hosking Partners LLP lifted its stake in shares of LyondellBasell Industries by 33.3% in the 3rd quarter. Hosking Partners LLP now owns 595,587 shares of the specialty chemicals company’s stock valued at $29,208,000 after acquiring an additional 148,673 shares during the last quarter. Norges Bank purchased a new stake in LyondellBasell Industries during the 2nd quarter valued at about $280,000,000. Finally, Wealthedge Investment Advisors LLC purchased a new position in LyondellBasell Industries in the 2nd quarter worth approximately $2,192,000. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Stock Up 2.7%

Shares of NYSE:LYB opened at $67.41 on Thursday. LyondellBasell Industries N.V. has a 52-week low of $41.58 and a 52-week high of $75.62. The firm has a market capitalization of $21.72 billion, a P/E ratio of -28.93, a P/E/G ratio of 0.59 and a beta of 0.64. The stock has a 50 day moving average price of $54.25 and a 200-day moving average price of $49.98. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.20 and a current ratio of 1.77.

LyondellBasell Industries (NYSE:LYBGet Free Report) last issued its quarterly earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.44). LyondellBasell Industries had a positive return on equity of 4.93% and a negative net margin of 2.46%.The firm had revenue of $7.09 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the previous year, the company earned $0.75 earnings per share. LyondellBasell Industries’s revenue for the quarter was down 9.2% on a year-over-year basis. As a group, equities 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 disclosed 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. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $2.76 annualized dividend and a yield of 4.1%. LyondellBasell Industries’s payout ratio is presently -118.45%.

LyondellBasell Industries News Summary

Here are the key news stories impacting LyondellBasell Industries this week:

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 that occurred on Monday, March 9th. The shares were sold at an average price of $68.13, for a total transaction of $26,199,255.24. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LYB. KeyCorp upgraded shares of LyondellBasell Industries from a “sector weight” rating to an “overweight” rating and set a $73.00 target price on the stock in a report on Wednesday, March 4th. Fermium Researc raised shares of LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a report on Monday. Citigroup boosted their price objective on shares of LyondellBasell Industries from $46.00 to $49.00 and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. Vertical Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Monday. Finally, Zacks Research upgraded LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 2nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fourteen have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, LyondellBasell Industries has a consensus rating of “Hold” and an average target price of $58.56.

Get Our Latest Research Report on LYB

LyondellBasell Industries Profile

(Free Report)

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.

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Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

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