Cincinnati Financial Corp Decreases Stake in LyondellBasell Industries N.V. $LYB

Cincinnati Financial Corp lessened its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 45.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 121,991 shares of the specialty chemicals company’s stock after selling 100,000 shares during the quarter. Cincinnati Financial Corp’s holdings in LyondellBasell Industries were worth $5,982,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Dodge & Cox raised its holdings in LyondellBasell Industries by 0.4% during the 2nd quarter. Dodge & Cox now owns 16,969,997 shares of the specialty chemicals company’s stock valued at $981,884,000 after buying an additional 73,965 shares during the last quarter. State Street Corp increased its position in shares of LyondellBasell Industries by 4.1% in the second quarter. State Street Corp now owns 12,915,151 shares of the specialty chemicals company’s stock valued at $747,271,000 after acquiring an additional 514,057 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of LyondellBasell Industries by 2.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 9,476,600 shares of the specialty chemicals company’s stock valued at $548,316,000 after acquiring an additional 237,038 shares during the period. Geode Capital Management LLC raised its stake in shares of LyondellBasell Industries by 0.4% during the second quarter. Geode Capital Management LLC now owns 6,824,462 shares of the specialty chemicals company’s stock valued at $395,486,000 after acquiring an additional 24,161 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of LyondellBasell Industries during the second quarter worth about $280,000,000. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

Shares of LYB stock opened at $57.70 on Wednesday. The business’s fifty day moving average is $47.47 and its 200 day moving average is $49.13. The company has a quick ratio of 1.20, a current ratio of 1.77 and a debt-to-equity ratio of 1.20. The stock has a market cap of $18.57 billion, a price-to-earnings ratio of -24.76, a PEG ratio of 0.38 and a beta of 0.70. LyondellBasell Industries N.V. has a twelve month low of $41.58 and a twelve month high of $78.52.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, January 30th. The specialty chemicals company reported ($0.26) 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 analysts’ expectations of $6.82 billion. LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.94%. The business’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.75 EPS. Research analysts expect that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Investors 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 annualized dividend and a yield of 9.5%. LyondellBasell Industries’s payout ratio is presently -235.19%.

Wall Street Analyst Weigh In

A number of research firms have commented on LYB. JPMorgan Chase & Co. lowered their price target on LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. BMO Capital Markets reissued an “underperform” rating and set a $36.00 target price (down from $48.00) on shares of LyondellBasell Industries in a research note on Monday, December 15th. Bank of America dropped their price target on LyondellBasell Industries from $52.00 to $46.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. The Goldman Sachs Group reissued a “sell” rating on shares of LyondellBasell Industries in a research report on Monday, February 2nd. Finally, Fermium Researc lowered shares of LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 3rd. One analyst has rated the stock with a Buy rating, seventeen have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $51.00.

About LyondellBasell Industries

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.