Wedmont Private Capital Makes New Investment in LyondellBasell Industries N.V. $LYB

Wedmont Private Capital bought a new stake in LyondellBasell Industries N.V. (NYSE:LYB) in the fourth quarter, HoldingsChannel.com reports. The firm bought 7,957 shares of the specialty chemicals company’s stock, valued at approximately $357,000.

Several other institutional investors and hedge funds have also modified their holdings of LYB. Parvin Asset Management LLC acquired a new stake in LyondellBasell Industries in the 2nd quarter worth about $26,000. Capital A Wealth Management LLC grew its position in shares of LyondellBasell Industries by 6,314.3% during the 2nd quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 442 shares in the last quarter. Stance Capital LLC acquired a new position in shares of LyondellBasell Industries during the 3rd quarter worth approximately $27,000. Quent Capital LLC bought a new position in shares of LyondellBasell Industries during the third quarter worth approximately $29,000. Finally, Vermillion & White Wealth Management Group LLC raised its position in shares of 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 buying an additional 264 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of LyondellBasell Industries stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $68.13, for a total value of $26,199,255.24. Following the transaction, the insider owned 5,270,918 shares in the company, valued at $359,107,643.34. The trade was a 6.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.14% of the stock is owned by company insiders.

LyondellBasell Industries Stock Performance

Shares of NYSE:LYB opened at $77.23 on Thursday. LyondellBasell Industries N.V. has a 1 year low of $41.58 and a 1 year high of $77.37. The stock has a market capitalization of $24.88 billion, a price-to-earnings ratio of -33.15, a price-to-earnings-growth ratio of 0.42 and a beta of 0.64. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.77 and a quick ratio of 1.20. The company’s 50 day simple moving average is $59.60 and its 200 day simple moving average is $51.24.

LyondellBasell Industries (NYSE:LYB) last released 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 business had revenue of $7.09 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter in the previous year, the company earned $0.75 earnings per share. The firm’s revenue for the quarter was down 9.2% on a year-over-year basis. As a group, research analysts predict 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 given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Monday, March 2nd. LyondellBasell Industries’s dividend payout ratio is currently -118.45%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their price target on LyondellBasell Industries from $52.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, March 19th. Vertical Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Monday, March 9th. Royal Bank Of Canada upgraded LyondellBasell Industries from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $51.00 to $82.00 in a research report on Monday, March 9th. Zacks Research upgraded LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. Finally, Fermium Researc raised LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, LyondellBasell Industries presently has a consensus rating of “Hold” and an average target price of $65.61.

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.