LyondellBasell Industries N.V. $LYB Shares Sold by Xponance Inc.

Xponance Inc. lowered its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 49.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,230 shares of the specialty chemicals company’s stock after selling 42,111 shares during the quarter. Xponance Inc.’s holdings in LyondellBasell Industries were worth $2,071,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State of Michigan Retirement System lifted its holdings in shares of LyondellBasell Industries by 0.3% in the 2nd quarter. State of Michigan Retirement System now owns 78,165 shares of the specialty chemicals company’s stock valued at $4,523,000 after purchasing an additional 200 shares during the last quarter. Cooper Financial Group increased its holdings in shares of LyondellBasell Industries by 4.3% in the 3rd quarter. Cooper Financial Group now owns 5,146 shares of the specialty chemicals company’s stock valued at $252,000 after acquiring an additional 211 shares during the period. Capital Investment Advisory Services LLC raised its position in LyondellBasell Industries by 2.5% in the 3rd quarter. Capital Investment Advisory Services LLC now owns 9,345 shares of the specialty chemicals company’s stock valued at $458,000 after purchasing an additional 226 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its position in LyondellBasell Industries by 1.4% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 18,020 shares of the specialty chemicals company’s stock worth $884,000 after purchasing an additional 241 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC increased its stake in 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 valued at $31,000 after purchasing an additional 264 shares during the period. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Performance

Shares of LYB opened at $58.20 on Wednesday. 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 N.V. has a 52-week low of $41.58 and a 52-week high of $78.41. The company has a 50-day simple moving average of $51.54 and a 200-day simple moving average of $49.50. The company has a market capitalization of $18.75 billion, a PE ratio of -24.98, a P/E/G ratio of 0.42 and a beta of 0.64.

LyondellBasell Industries (NYSE:LYB) last issued its 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 company had revenue of $7.09 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company’s quarterly revenue was down 9.2% compared to the same quarter last year. Equities research analysts predict that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 9th. Investors of record on Monday, March 2nd will be issued a dividend of $0.69 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $2.76 annualized dividend and a yield of 4.7%. LyondellBasell Industries’s payout ratio is currently -118.45%.

Wall Street Analysts Forecast Growth

LYB has been the topic of a number of research reports. Jefferies Financial Group lowered their price target on LyondellBasell Industries from $50.00 to $46.00 and set a “hold” rating on the stock in a report on Monday, December 8th. The Goldman Sachs Group reissued a “sell” rating on shares of LyondellBasell Industries in a report on Monday, February 2nd. Wells Fargo & Company increased their price target on LyondellBasell Industries from $45.00 to $48.00 and gave the stock an “equal weight” rating in a report on Monday, February 2nd. Mizuho upped their price objective on shares of LyondellBasell Industries from $49.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Finally, Bank of America dropped their price target on shares of LyondellBasell Industries from $52.00 to $46.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Two analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, LyondellBasell Industries has an average rating of “Reduce” and an average target price of $52.33.

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.