Foster & Motley Inc. Reduces Holdings in LyondellBasell Industries N.V. $LYB

Foster & Motley Inc. decreased its position in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 27.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,400 shares of the specialty chemicals company’s stock after selling 9,978 shares during the period. Foster & Motley Inc.’s holdings in LyondellBasell Industries were worth $1,143,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in LYB. Woodline Partners LP lifted its holdings in shares of LyondellBasell Industries by 40.4% in the 1st quarter. Woodline Partners LP now owns 21,899 shares of the specialty chemicals company’s stock worth $1,542,000 after acquiring an additional 6,297 shares during the last quarter. Focus Partners Wealth grew its holdings in LyondellBasell Industries by 35.4% during the 1st quarter. Focus Partners Wealth now owns 6,866 shares of the specialty chemicals company’s stock valued at $483,000 after purchasing an additional 1,796 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in LyondellBasell Industries in the 2nd quarter worth about $47,000. Northwestern Mutual Wealth Management Co. raised its position in LyondellBasell Industries by 41.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 33,326 shares of the specialty chemicals company’s stock worth $1,928,000 after purchasing an additional 9,749 shares during the period. Finally, Level Four Advisory Services LLC bought a new stake in LyondellBasell Industries in the second quarter worth about $305,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Performance

LyondellBasell Industries stock opened at $76.51 on Thursday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.20 and a current ratio of 1.77. The company has a market capitalization of $24.65 billion, a PE ratio of -32.83, a P/E/G ratio of 0.46 and a beta of 0.39. The company has a 50 day moving average price of $62.49 and a 200-day moving average price of $52.10. LyondellBasell Industries N.V. has a fifty-two week low of $41.58 and a fifty-two week high of $83.94.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Saturday, February 21st. The specialty chemicals company reported ($0.26) earnings per share (EPS) for the quarter. The firm had revenue of $7.09 billion during the quarter. LyondellBasell Industries had a positive return on equity of 4.93% and a negative net margin of 2.46%. As a group, equities analysts forecast that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, March 2nd were given a dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.6%. LyondellBasell Industries’s dividend payout ratio is presently -118.45%.

Insider Activity

In other 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 transaction of $26,199,255.24. Following the transaction, the insider owned 5,270,918 shares in the company, 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 filing with the SEC, which is accessible through this link. Insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. KeyCorp raised LyondellBasell Industries from a “sector weight” rating to an “overweight” rating and set a $73.00 target price on the stock in a research note on Wednesday, March 4th. Wall Street Zen upgraded LyondellBasell Industries from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Vertical Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Monday, March 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of LyondellBasell Industries in a research note on Thursday, January 22nd. Finally, Citigroup upgraded LyondellBasell Industries from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $49.00 to $76.00 in a research report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, LyondellBasell Industries has a consensus rating of “Hold” and an average price target of $66.89.

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.