LyondellBasell Industries N.V. $LYB Stock Holdings Lessened by Swedbank AB

Swedbank AB reduced its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 8.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 209,327 shares of the specialty chemicals company’s stock after selling 19,175 shares during the quarter. Swedbank AB’s holdings in LyondellBasell Industries were worth $10,265,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. MTM Investment Management LLC acquired a new stake in shares of LyondellBasell Industries during the 2nd quarter valued at $26,000. Parvin Asset Management LLC purchased a new stake in shares of LyondellBasell Industries during the second quarter worth $26,000. Capital A Wealth Management LLC raised its holdings in shares of LyondellBasell Industries by 6,314.3% during the second quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 442 shares in the last quarter. Hilltop National Bank acquired a new stake in LyondellBasell Industries during the second quarter valued at $29,000. Finally, EMC Capital Management purchased a new position in LyondellBasell Industries in the second quarter valued at about $29,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, EVP Kimberly A. Foley purchased 5,661 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were bought at an average cost of $43.56 per share, with a total value of $246,593.16. Following the transaction, the executive vice president directly owned 67,688 shares in the company, valued at approximately $2,948,489.28. This represents a 9.13% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.14% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LYB. Wall Street Zen lowered LyondellBasell Industries from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Citigroup reduced their target price on shares of LyondellBasell Industries from $43.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, December 18th. Alembic Global Advisors raised shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, October 20th. Weiss Ratings restated a “sell (d+)” rating on shares of LyondellBasell Industries in a report on Wednesday, October 8th. Finally, BMO Capital Markets reaffirmed an “underperform” rating and issued a $36.00 price objective (down previously from $48.00) on shares of LyondellBasell Industries in a research note on Monday, December 15th. Two investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $53.65.

LyondellBasell Industries Price Performance

NYSE LYB opened at $43.27 on Friday. The company has a market cap of $13.93 billion, a P/E ratio of -11.54 and a beta of 0.71. LyondellBasell Industries N.V. has a 1 year low of $41.58 and a 1 year high of $79.39. The company has a current ratio of 1.57, a quick ratio of 0.93 and a debt-to-equity ratio of 1.00. The company has a fifty day simple moving average of $44.84 and a 200 day simple moving average of $51.85.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.21. The firm had revenue of $7.73 billion during the quarter, compared to analyst estimates of $7.41 billion. LyondellBasell Industries had a negative net margin of 3.70% and a positive return on equity of 7.50%. The business’s revenue was down 10.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.88 EPS. On average, sell-side analysts predict that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, December 1st were paid a dividend of $1.37 per share. The ex-dividend date was Monday, December 1st. This represents a $5.48 annualized dividend and a yield of 12.7%. LyondellBasell Industries’s dividend payout ratio is presently -146.13%.

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.