Swiss Life Asset Management Ltd Has $34.72 Million Stock Holdings in LyondellBasell Industries N.V. $LYB

Swiss Life Asset Management Ltd decreased its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 1.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 708,063 shares of the specialty chemicals company’s stock after selling 10,943 shares during the period. Swiss Life Asset Management Ltd owned about 0.22% of LyondellBasell Industries worth $34,723,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Rockefeller Capital Management L.P. raised its stake in LyondellBasell Industries by 62.2% during the second quarter. Rockefeller Capital Management L.P. now owns 42,321 shares of the specialty chemicals company’s stock worth $2,583,000 after acquiring an additional 16,234 shares in the last quarter. Kingsview Wealth Management LLC boosted its stake in shares of LyondellBasell Industries by 375.1% in the 2nd quarter. Kingsview Wealth Management LLC now owns 18,007 shares of the specialty chemicals company’s stock valued at $1,042,000 after purchasing an additional 14,217 shares in the last quarter. Hosking Partners LLP boosted its stake in shares of LyondellBasell Industries by 33.3% in the 3rd quarter. Hosking Partners LLP now owns 595,587 shares of the specialty chemicals company’s stock valued at $29,208,000 after purchasing an additional 148,673 shares in the last quarter. Norges Bank bought a new stake in shares of LyondellBasell Industries in the 2nd quarter worth about $280,000,000. Finally, Capital World Investors increased its position in shares of LyondellBasell Industries by 13.1% during the 3rd quarter. Capital World Investors now owns 9,807,743 shares of the specialty chemicals company’s stock worth $480,972,000 after purchasing an additional 1,135,258 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $68.13, for a total transaction of $26,199,255.24. Following the transaction, the insider directly owned 5,270,918 shares in the company, valued at approximately $359,107,643.34. This represents a 6.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

LYB has been the subject of several analyst reports. KeyCorp raised shares of LyondellBasell Industries from a “sector weight” rating to an “overweight” rating and set a $73.00 price target for the company in a report on Wednesday, March 4th. Wells Fargo & Company raised their price objective on shares of LyondellBasell Industries from $48.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, March 13th. The Goldman Sachs Group reiterated a “sell” rating on shares of LyondellBasell Industries in a research note on Monday, February 2nd. Bank of America reduced their target price 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, UBS Group raised LyondellBasell Industries from a “sell” rating to a “neutral” rating and raised their price target for the company from $42.00 to $73.00 in a report on Wednesday. One investment 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $63.22.

LyondellBasell Industries Stock Up 5.8%

Shares of LYB opened at $75.37 on Thursday. The firm has a market capitalization of $24.28 billion, a price-to-earnings ratio of -32.35, a PEG ratio of 0.61 and a beta of 0.64. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.20 and a current ratio of 1.77. The business’s fifty day moving average price is $57.05 and its two-hundred day moving average price is $50.56. LyondellBasell Industries N.V. has a 52 week low of $41.58 and a 52 week high of $76.10.

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). LyondellBasell Industries had a positive return on equity of 4.93% and a negative net margin of 2.46%.The firm 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 firm earned $0.75 EPS. The company’s revenue was down 9.2% compared to the same quarter last year. On average, analysts predict that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Monday, March 2nd. LyondellBasell Industries’s payout ratio is currently -118.45%.

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.