Jefferies Financial Group Inc. grew its position in shares of LyondellBasell Industries N.V. (NYSE:LYB – Free Report) by 5,250.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 492,372 shares of the specialty chemicals company’s stock after purchasing an additional 483,170 shares during the quarter. Jefferies Financial Group Inc.’s holdings in LyondellBasell Industries were worth $21,320,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of LYB. Woodline Partners LP increased its position in shares of LyondellBasell Industries by 40.4% during the 1st quarter. Woodline Partners LP now owns 21,899 shares of the specialty chemicals company’s stock valued at $1,542,000 after purchasing an additional 6,297 shares during the last quarter. Focus Partners Wealth increased its position in shares of LyondellBasell Industries by 35.4% during the 1st quarter. Focus Partners Wealth now owns 6,866 shares of the specialty chemicals company’s stock valued at $483,000 after purchasing an additional 1,796 shares during the last quarter. Baird Financial Group Inc. increased its position in shares of LyondellBasell Industries by 69.5% during 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 purchasing an additional 12,087 shares during the last quarter. Cerity Partners LLC increased its position in shares of LyondellBasell Industries by 13.9% during the 2nd quarter. Cerity Partners LLC now owns 49,348 shares of the specialty chemicals company’s stock valued at $2,855,000 after purchasing an additional 6,032 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of LyondellBasell Industries by 9.9% during 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 purchasing an additional 3,715 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $68.13, for a total value of $26,199,255.24. Following the completion of the sale, the insider owned 5,270,918 shares in the company, valued at approximately $359,107,643.34. This trade represents a 6.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.14% of the company’s stock.
LyondellBasell Industries Price Performance
LyondellBasell Industries (NYSE:LYB – Get Free Report) last posted its quarterly earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.18. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.The business had revenue of $7.20 billion for the quarter, compared to analyst estimates of $7.53 billion. During the same period last year, the company earned $0.33 EPS. LyondellBasell Industries’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, analysts predict that LyondellBasell Industries N.V. will post 8.73 earnings per share for the current year.
LyondellBasell Industries Dividend Announcement
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 $0.69 dividend. 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 (DPR) is -110.84%.
Analyst Ratings Changes
LYB has been the topic of several recent research reports. Alembic Global Advisors upgraded LyondellBasell Industries from a “neutral” rating to an “overweight” rating in a research report on Thursday, April 9th. BMO Capital Markets increased 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. Deutsche Bank Aktiengesellschaft increased their price objective on LyondellBasell Industries from $75.00 to $80.00 and gave the company a “hold” rating in a research report on Tuesday, May 5th. UBS Group raised their price target on LyondellBasell Industries from $79.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. raised their price target on LyondellBasell Industries from $50.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Two research 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $76.76.
Check Out Our Latest Report on LyondellBasell Industries
About LyondellBasell Industries
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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