LyondellBasell Industries N.V. $LYB Shares Sold by XML Financial LLC

XML Financial LLC reduced its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 36.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,916 shares of the specialty chemicals company’s stock after selling 12,404 shares during the quarter. XML Financial LLC’s holdings in LyondellBasell Industries were worth $949,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Capital World Investors grew its holdings in 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 valued at $480,972,000 after purchasing an additional 1,135,258 shares in the last quarter. Bruce & Co. Inc. lifted its holdings in LyondellBasell Industries by 50.0% in the 3rd quarter. Bruce & Co. Inc. now owns 60,000 shares of the specialty chemicals company’s stock worth $2,942,000 after buying an additional 20,000 shares in the last quarter. TD Asset Management Inc boosted its position in LyondellBasell Industries by 12.8% in the 3rd quarter. TD Asset Management Inc now owns 286,067 shares of the specialty chemicals company’s stock valued at $14,029,000 after buying an additional 32,401 shares during the last quarter. Barclays PLC boosted its position in LyondellBasell Industries by 3.5% in the 3rd quarter. Barclays PLC now owns 1,006,356 shares of the specialty chemicals company’s stock valued at $49,352,000 after buying an additional 33,873 shares during the last quarter. Finally, Capital International Inc. CA grew its stake in shares of LyondellBasell Industries by 29.2% during the third quarter. Capital International Inc. CA now owns 69,146 shares of the specialty chemicals company’s stock valued at $3,391,000 after acquiring an additional 15,644 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

Shares of LYB opened at $64.58 on Monday. LyondellBasell Industries N.V. has a 52 week low of $41.58 and a 52 week high of $83.94. The company has a current ratio of 1.54, a quick ratio of 1.03 and a debt-to-equity ratio of 1.12. The firm has a market cap of $20.84 billion, a price-to-earnings ratio of -25.93, a PEG ratio of 0.15 and a beta of 0.28. The stock has a 50 day moving average of $72.77 and a 200-day moving average of $59.93.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.18. The firm had revenue of $7.20 billion during the quarter, compared to analyst estimates of $7.53 billion. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 earnings per share. As a group, analysts forecast that LyondellBasell Industries N.V. will post 8.73 EPS for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Monday, June 1st will be given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, June 1st. LyondellBasell Industries’s dividend payout ratio is currently -110.84%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. BMO Capital Markets boosted their price target on LyondellBasell Industries from $82.00 to $88.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 5th. KeyCorp upgraded LyondellBasell Industries from a “sector weight” rating to an “overweight” rating and set a $73.00 price objective for the company in a research note on Wednesday, March 4th. Wells Fargo & Company upgraded LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $80.00 to $98.00 in a report on Thursday, May 28th. Zacks Research upgraded LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 1st. Finally, Mizuho upped their price target on shares of LyondellBasell Industries from $74.00 to $76.00 in a report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $76.71.

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.