Swedbank AB lifted its stake in LyondellBasell Industries N.V. (NYSE:LYB – Free Report) by 16.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 242,726 shares of the specialty chemicals company’s stock after purchasing an additional 33,399 shares during the quarter. Swedbank AB’s holdings in LyondellBasell Industries were worth $10,510,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Woodline Partners LP lifted its position in LyondellBasell Industries by 40.4% in the 1st 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 lifted its position 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 acquiring an additional 1,796 shares in the last quarter. Baird Financial Group Inc. lifted its position in LyondellBasell Industries by 69.5% in the 2nd quarter. Baird Financial Group Inc. now owns 29,488 shares of the specialty chemicals company’s stock valued at $1,706,000 after acquiring an additional 12,087 shares in the last quarter. Cerity Partners LLC lifted its position in LyondellBasell Industries by 13.9% in the 2nd quarter. Cerity Partners LLC now owns 49,348 shares of the specialty chemicals company’s stock valued at $2,855,000 after acquiring an additional 6,032 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in LyondellBasell Industries by 9.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 41,416 shares of the specialty chemicals company’s stock valued at $2,397,000 after acquiring an additional 3,715 shares in the last quarter. 71.20% of the stock is owned by institutional investors.
LyondellBasell Industries Price Performance
NYSE LYB opened at $68.96 on Wednesday. The business’s fifty day moving average price is $73.88 and its 200-day moving average price is $58.63. The stock has a market capitalization of $22.26 billion, a price-to-earnings ratio of -27.69, a PEG ratio of 0.16 and a beta of 0.32. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.54 and a quick ratio of 1.03. LyondellBasell Industries N.V. has a 1-year low of $41.58 and a 1-year high of $83.94.
LyondellBasell Industries Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Monday, June 1st. LyondellBasell Industries’s dividend payout ratio is presently -110.84%.
Analyst Ratings Changes
Several equities analysts recently issued reports on LYB shares. Morgan Stanley upped their price objective on LyondellBasell Industries from $52.00 to $77.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Weiss Ratings raised LyondellBasell Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, May 19th. BMO Capital Markets upped their price objective on LyondellBasell Industries from $82.00 to $88.00 and gave the company a “market perform” rating in a research report on Tuesday, May 5th. Wells Fargo & Company lowered their price objective on LyondellBasell Industries from $87.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 5th. Finally, Zacks Research raised LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $76.76.
Check Out Our Latest Research Report on LYB
Insider Buying and Selling at LyondellBasell Industries
In other news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the stock in a transaction on Monday, March 9th. The stock was 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 of the company’s stock, valued at $359,107,643.34. This represents a 6.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is owned by insiders.
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.
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