LyondellBasell Industries N.V. $LYB Stock Holdings Decreased by DDD Partners LLC

DDD Partners LLC lessened its position in LyondellBasell Industries N.V. (NYSE:LYB) by 19.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 292,750 shares of the specialty chemicals company’s stock after selling 71,376 shares during the quarter. DDD Partners LLC owned approximately 0.09% of LyondellBasell Industries worth $14,356,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MTM Investment Management LLC acquired a new stake in LyondellBasell Industries during the 2nd quarter valued at $26,000. Parvin Asset Management LLC purchased a new position in shares of LyondellBasell Industries during the second quarter valued at $26,000. Capital A Wealth Management LLC raised its position in LyondellBasell Industries by 6,314.3% during the second quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 442 shares during the period. EMC Capital Management purchased a new stake in LyondellBasell Industries in the 2nd quarter worth about $29,000. Finally, Quent Capital LLC acquired a new stake in LyondellBasell Industries during the 3rd quarter worth about $29,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LYB. Mizuho upped their target price on LyondellBasell Industries from $49.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, January 30th. Wall Street Zen downgraded shares of LyondellBasell Industries from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Fermium Researc cut shares of LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 3rd. Vertical Research downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $48.00 price target on the stock. in a research note on Wednesday, January 7th. Finally, Zacks Research raised LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. One research analyst has rated the stock with a Buy rating, seventeen have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, LyondellBasell Industries has an average rating of “Reduce” and a consensus target price of $51.00.

LyondellBasell Industries Price Performance

NYSE LYB opened at $57.54 on Friday. LyondellBasell Industries N.V. has a 1 year low of $41.58 and a 1 year high of $78.52. The company has a fifty day simple moving average of $48.31 and a 200 day simple moving average of $49.22. The company has a current ratio of 1.77, a quick ratio of 1.20 and a debt-to-equity ratio of 1.20. The company has a market cap of $18.52 billion, a P/E ratio of -24.70, a P/E/G ratio of 0.39 and a beta of 0.70.

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 analysts’ consensus estimates of $0.18 by ($0.44). The firm had revenue of $7.09 billion for the quarter, compared to analyst estimates of $6.82 billion. LyondellBasell Industries had a positive return on equity of 4.94% and a negative net margin of 2.46%.The firm’s revenue was down 9.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.75 EPS. On average, sell-side analysts predict that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, December 1st were issued a $1.37 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $5.48 dividend on an annualized basis and a yield of 9.5%. LyondellBasell Industries’s dividend payout ratio (DPR) is -235.19%.

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.