8,814 Shares in LyondellBasell Industries N.V. $LYB Acquired by North Dakota State Investment Board

North Dakota State Investment Board bought a new position in shares of LyondellBasell Industries N.V. (NYSE:LYBFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,814 shares of the specialty chemicals company’s stock, valued at approximately $382,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. DNB Asset Management AS raised its holdings in LyondellBasell Industries by 5.1% during the fourth quarter. DNB Asset Management AS now owns 54,534 shares of the specialty chemicals company’s stock worth $2,361,000 after purchasing an additional 2,664 shares in the last quarter. Applied Finance Capital Management LLC raised its holdings in LyondellBasell Industries by 7.5% during the fourth quarter. Applied Finance Capital Management LLC now owns 21,707 shares of the specialty chemicals company’s stock worth $940,000 after purchasing an additional 1,517 shares in the last quarter. Tejara Capital Ltd bought a new stake in LyondellBasell Industries during the fourth quarter worth approximately $1,425,000. Cornerstone Wealth Management LLC raised its holdings in LyondellBasell Industries by 5.7% during the fourth quarter. Cornerstone Wealth Management LLC now owns 6,112 shares of the specialty chemicals company’s stock worth $265,000 after purchasing an additional 330 shares in the last quarter. Finally, Plancorp LLC purchased a new position in LyondellBasell Industries during the 4th quarter worth approximately $440,000. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Down 0.6%

LyondellBasell Industries stock opened at $69.66 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 1.12. LyondellBasell Industries N.V. has a 12-month low of $41.58 and a 12-month high of $83.94. The firm’s fifty day moving average is $74.04 and its 200 day moving average is $58.19. The company has a market capitalization of $22.49 billion, a PE ratio of -27.98, a PEG ratio of 0.16 and a beta of 0.32.

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

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.69 per share. The ex-dividend date is Monday, June 1st. This represents a $2.76 annualized dividend and a yield of 4.0%. LyondellBasell Industries’s dividend payout ratio is presently -110.84%.

Insiders Place Their Bets

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the company’s stock in a transaction on 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 owned 5,270,918 shares in the company, valued at approximately $359,107,643.34. This represents a 6.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on LYB shares. Bank of America restated an “underperform” rating and issued a $55.00 price objective on shares of LyondellBasell Industries in a report on Monday, April 6th. Evercore lifted their price target on shares of LyondellBasell Industries from $70.00 to $73.00 in a report on Thursday, May 14th. Citigroup boosted their target price on shares of LyondellBasell Industries from $76.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, April 8th. Vertical Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Monday, March 9th. Finally, BMO Capital Markets boosted their price target on shares of LyondellBasell Industries from $82.00 to $88.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 5th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $76.76.

Get Our Latest Stock Report on LYB

LyondellBasell Industries Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

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