New Age Alpha Advisors LLC cut its position in shares of LyondellBasell Industries N.V. (NYSE:LYB – Free Report) by 36.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 39,731 shares of the specialty chemicals company’s stock after selling 22,657 shares during the quarter. New Age Alpha Advisors LLC’s holdings in LyondellBasell Industries were worth $1,720,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of LYB. Stance Capital LLC acquired a new position in LyondellBasell Industries during the 3rd quarter worth approximately $27,000. ORG Partners LLC raised its holdings in shares of LyondellBasell Industries by 960.0% in the fourth quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock valued at $30,000 after purchasing an additional 624 shares during the last quarter. United Community Bank lifted its position in shares of LyondellBasell Industries by 83.2% in the third quarter. United Community Bank now owns 623 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 283 shares in the last quarter. Quarry LP acquired a new position in LyondellBasell Industries during the third quarter worth $31,000. Finally, Key Capital Management INC bought a new position in LyondellBasell Industries in the fourth quarter valued at $34,000. Institutional investors own 71.20% of the company’s stock.
Insider Activity
In other news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of LyondellBasell Industries stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 5,270,918 shares in the company, valued at approximately $359,107,643.34. The trade was a 6.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by insiders.
Analyst Ratings Changes
Read Our Latest Analysis on LyondellBasell Industries
LyondellBasell Industries Stock Performance
Shares of LYB stock opened at $67.61 on Thursday. The company has a fifty day moving average price of $73.81 and a two-hundred day moving average price of $58.81. LyondellBasell Industries N.V. has a one year low of $41.58 and a one year high of $83.94. The stock has a market cap of $21.82 billion, a P/E ratio of -27.15, a P/E/G 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 (NYSE:LYB – Get Free Report) last issued 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 analysts’ expectations of $7.53 billion. During the same period in the prior year, the firm earned $0.33 EPS. LyondellBasell Industries’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, equities analysts predict 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. Shareholders of record on Monday, June 1st will be paid a $0.69 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.76 annualized dividend and a yield of 4.1%. LyondellBasell Industries’s dividend payout ratio is currently -110.84%.
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.
Recommended Stories
- Five stocks we like better than LyondellBasell Industries
- Abercrombie Rallies as Strong Q1 Earnings Extend Winning Streak
- TeraWulf Bets on Power Infrastructure to Lead AI Build-Out
- Amazon’s Alexa for Shopping Strengthens an Already Strong Bull Case
- Keysight: The AI and Defense Stock Seeing Big Price Target Boosts
Want to see what other hedge funds are holding LYB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LyondellBasell Industries N.V. (NYSE:LYB – Free Report).
Receive News & Ratings for LyondellBasell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries and related companies with MarketBeat.com's FREE daily email newsletter.
