Praxis Investment Management Inc. Grows Holdings in LyondellBasell Industries N.V. $LYB

Praxis Investment Management Inc. raised its position in LyondellBasell Industries N.V. (NYSE:LYB) by 14.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,045 shares of the specialty chemicals company’s stock after purchasing an additional 6,875 shares during the period. Praxis Investment Management Inc.’s holdings in LyondellBasell Industries were worth $2,340,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Capital Investment Advisory Services LLC increased its stake in shares of LyondellBasell Industries by 2.5% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 9,345 shares of the specialty chemicals company’s stock valued at $458,000 after acquiring an additional 226 shares during the last quarter. Concurrent Investment Advisors LLC increased its stake in shares of LyondellBasell Industries by 2.2% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 13,090 shares of the specialty chemicals company’s stock valued at $642,000 after acquiring an additional 282 shares during the last quarter. United Community Bank increased its stake in shares of LyondellBasell Industries by 83.2% during the 3rd quarter. United Community Bank now owns 623 shares of the specialty chemicals company’s stock valued at $31,000 after acquiring an additional 283 shares during the last quarter. Moors & Cabot Inc. increased its stake in shares of LyondellBasell Industries by 5.6% during the 3rd quarter. Moors & Cabot Inc. now owns 5,495 shares of the specialty chemicals company’s stock valued at $269,000 after acquiring an additional 293 shares during the last quarter. Finally, Vident Advisory LLC increased its stake in shares of LyondellBasell Industries by 1.1% during the 2nd quarter. Vident Advisory LLC now owns 26,406 shares of the specialty chemicals company’s stock valued at $1,528,000 after acquiring an additional 297 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. KeyCorp raised shares of LyondellBasell Industries from a “sector weight” rating to an “overweight” rating and set a $73.00 price objective for the company in a research note on Wednesday, March 4th. The Goldman Sachs Group upped their price objective on shares of LyondellBasell Industries from $51.00 to $75.00 and gave the company a “sell” rating in a research note on Monday. Jefferies Financial Group upped their price objective on shares of LyondellBasell Industries from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, April 16th. Citigroup upped their price objective on shares of LyondellBasell Industries from $76.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, April 8th. Finally, Alembic Global Advisors raised shares of LyondellBasell Industries from a “neutral” rating to an “overweight” rating in a research note on Thursday, April 9th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $76.59.

Insider Transactions at LyondellBasell Industries

In related news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the stock in a transaction that occurred 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 completion of the sale, the insider owned 5,270,918 shares of the company’s stock, valued at approximately $359,107,643.34. This represents a 6.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.14% of the company’s stock.

LyondellBasell Industries News Roundup

Here are the key news stories impacting LyondellBasell Industries this week:

• Positive Sentiment: UBS raised its price target to $82 from $79 while keeping a “neutral” rating, implying roughly an 11.4% upside vs. the quoted reference price; this reduces downside risk and supports near-term upside. UBS Adjusts PT
• Positive Sentiment: Deutsche Bank raised its target to $80 from $75 and kept a “hold” rating, signaling modest upside and helping underpin the stock after recent weakness. Deutsche Bank PT
• Positive Sentiment: BMO Capital Markets bumped its target to $88 from $82 (market perform), one of the most constructive calls and indicating double-digit upside potential. BMO PT
• Positive Sentiment: Goldman Sachs raised its target sharply to $75 from $51 but retained a “sell” rating — the higher target narrows the perceived downside even as the firm remains negative on shares. Goldman PT
• Positive Sentiment: The Globe and Mail flagged a new “buy” rating on LYB, which adds an incremental positive voice from the press/analyst community and may attract buyer interest. Globe and Mail Buy
• Negative Sentiment: Wells Fargo cut its target to $80 from $87 (equal weight), trimming prior upside and representing a direct downgrade of expectations that can pressure the stock. Wells Fargo PT Cut

LyondellBasell Industries Stock Down 5.4%

LYB opened at $73.58 on Thursday. The firm has a 50 day moving average price of $71.43 and a 200 day moving average price of $56.07. The company has a market cap of $23.75 billion, a PE ratio of -29.55, a price-to-earnings-growth ratio of 0.20 and a beta of 0.32. LyondellBasell Industries N.V. has a 1 year low of $41.58 and a 1 year high of $83.94. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.54.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.18. The firm had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $7.53 billion. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The company’s revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. Sell-side analysts expect that LyondellBasell Industries N.V. will post 7.15 earnings per share for the current year.

LyondellBasell Industries Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Monday, March 2nd were given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Monday, March 2nd. LyondellBasell Industries’s dividend payout ratio is -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.