Wealthfront Advisers LLC Lowers Stock Holdings in LyondellBasell Industries N.V. $LYB

Wealthfront Advisers LLC lessened its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 17.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,028 shares of the specialty chemicals company’s stock after selling 18,159 shares during the quarter. Wealthfront Advisers LLC’s holdings in LyondellBasell Industries were worth $4,219,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Woodline Partners LP boosted its holdings in shares of LyondellBasell Industries by 40.4% in the first quarter. Woodline Partners LP now owns 21,899 shares of the specialty chemicals company’s stock valued at $1,542,000 after acquiring an additional 6,297 shares in the last quarter. Focus Partners Wealth boosted its holdings in LyondellBasell Industries by 35.4% in 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 in the last quarter. Blue Trust Inc. increased its position in LyondellBasell Industries by 27.3% during the 2nd quarter. Blue Trust Inc. now owns 2,660 shares of the specialty chemicals company’s stock worth $154,000 after purchasing an additional 571 shares during the period. Aberdeen Group plc raised its stake in shares of LyondellBasell Industries by 4.6% during the 2nd quarter. Aberdeen Group plc now owns 160,085 shares of the specialty chemicals company’s stock worth $9,295,000 after buying an additional 7,010 shares in the last quarter. Finally, Apollon Wealth Management LLC raised its stake in shares of LyondellBasell Industries by 55.2% during the 2nd quarter. Apollon Wealth Management LLC now owns 12,451 shares of the specialty chemicals company’s stock worth $720,000 after buying an additional 4,429 shares in the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Down 2.8%

LYB stock opened at $57.80 on Friday. 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 $48.03 and its 200-day simple moving average is $49.26. LyondellBasell Industries N.V. has a 12 month low of $41.58 and a 12 month high of $78.52. The firm has a market capitalization of $18.60 billion, a PE ratio of -24.81, a P/E/G ratio of 0.41 and a beta of 0.70.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.44). The company had revenue of $7.09 billion during 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%. LyondellBasell Industries’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.75 EPS. Equities analysts expect that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, December 1st were paid a $1.37 dividend. 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 Analysts Forecast Growth

A number of research analysts recently weighed in on LYB shares. The Goldman Sachs Group reaffirmed a “sell” rating on shares of LyondellBasell Industries in a report on Monday, February 2nd. UBS Group cut their price target on shares of LyondellBasell Industries from $41.00 to $38.00 and set a “sell” rating for the company in a report on Tuesday, December 23rd. Royal Bank Of Canada boosted their price objective on shares of LyondellBasell Industries from $49.00 to $51.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 3rd. Wells Fargo & Company increased their target price on shares of LyondellBasell Industries from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Monday, February 2nd. Finally, Alembic Global Advisors upgraded LyondellBasell Industries to a “hold” rating in a report on Monday, October 20th. One investment analyst has rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $51.00.

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.