LyondellBasell Industries N.V. (NYSE:LYB) Short Interest Down 18.9% in March

LyondellBasell Industries N.V. (NYSE:LYB) was the recipient of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 17,662,343 shares, a drop of 18.9% from the February 26th total of 21,771,403 shares. Based on an average daily volume of 12,209,409 shares, the days-to-cover ratio is currently 1.4 days. Approximately 5.5% of the shares of the company are short sold.

Insider Buying and Selling at LyondellBasell Industries

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

Hedge Funds Weigh In On LyondellBasell Industries

Several hedge funds have recently added to or reduced their stakes in LYB. Cooper Financial Group lifted its position in shares of LyondellBasell Industries by 4.3% in the third 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 in the last quarter. Investment Research Partners LLC raised its position in shares of LyondellBasell Industries by 4.4% in the fourth quarter. Investment Research Partners LLC now owns 5,100 shares of the specialty chemicals company’s stock valued at $221,000 after buying an additional 214 shares during the last quarter. Capital Investment Advisory Services LLC lifted its stake in shares of LyondellBasell Industries by 2.5% during the third quarter. Capital Investment Advisory Services LLC now owns 9,345 shares of the specialty chemicals company’s stock valued at $458,000 after buying an additional 226 shares during the period. U.S. Capital Wealth Advisors LLC lifted its stake in shares of LyondellBasell Industries by 1.4% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 18,020 shares of the specialty chemicals company’s stock valued at $884,000 after buying an additional 241 shares during the period. Finally, Rothschild Investment LLC boosted its position in LyondellBasell Industries by 3.5% during the fourth quarter. Rothschild Investment LLC now owns 8,025 shares of the specialty chemicals company’s stock worth $347,000 after acquiring an additional 272 shares during the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Price Performance

Shares of NYSE LYB traded down $1.88 during trading on Tuesday, hitting $80.50. 10,858,620 shares of the company were exchanged, compared to its average volume of 10,371,571. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.77 and a quick ratio of 1.20. LyondellBasell Industries has a 1 year low of $41.58 and a 1 year high of $83.94. The company has a market cap of $25.93 billion, a price-to-earnings ratio of -34.55, a PEG ratio of 0.47 and a beta of 0.64. The firm’s fifty day moving average price is $61.99 and its 200 day moving average price is $51.93.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Saturday, February 21st. The specialty chemicals company reported ($0.26) EPS for the quarter. LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.93%. The company had revenue of $7.09 billion during the quarter. On average, sell-side analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal 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 $0.69 dividend. The ex-dividend date was Monday, March 2nd. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.4%. LyondellBasell Industries’s dividend payout ratio (DPR) is currently -118.45%.

Wall Street Analyst Weigh In

LYB has been the subject of several recent analyst reports. Zacks Research upgraded shares of LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 2nd. Wolfe Research dropped their price target on shares of LyondellBasell Industries from $39.00 to $38.00 and set an “underperform” rating on the stock in a research note on Monday, February 2nd. Fermium Researc raised shares of LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, March 9th. Bank of America lowered their price objective on LyondellBasell Industries from $52.00 to $46.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of LyondellBasell Industries in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, LyondellBasell Industries presently has an average rating of “Hold” and a consensus price target of $66.56.

LyondellBasell Industries Company 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.