Hosking Partners LLP Buys 157,316 Shares of LyondellBasell Industries N.V. $LYB

Hosking Partners LLP grew its position in LyondellBasell Industries N.V. (NYSE:LYB) by 26.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 752,903 shares of the specialty chemicals company’s stock after buying an additional 157,316 shares during the quarter. Hosking Partners LLP’s holdings in LyondellBasell Industries were worth $32,601,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Stance Capital LLC bought a new stake in shares of LyondellBasell Industries in the third quarter valued at about $27,000. Quent Capital LLC purchased a new position in LyondellBasell Industries during the 3rd quarter valued at about $29,000. United Community Bank increased its position in 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 purchasing an additional 283 shares during the period. Quarry LP purchased a new position in LyondellBasell Industries during the 3rd quarter valued at about $31,000. Finally, CYBER HORNET ETFs LLC purchased a new position in LyondellBasell Industries during the 2nd quarter valued at about $39,000. 71.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Citigroup raised their target price on shares of LyondellBasell Industries from $76.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, April 8th. Mizuho raised their target price on shares of LyondellBasell Industries from $74.00 to $76.00 in a research report on Friday, May 1st. UBS Group raised their target price on shares of LyondellBasell Industries from $79.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Weiss Ratings reissued a “sell (d+)” rating on shares of LyondellBasell Industries in a research report on Tuesday, April 21st. Finally, Wolfe Research raised their target price on shares of LyondellBasell Industries from $38.00 to $62.00 and gave the company an “underperform” rating in a research report on Tuesday, April 14th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, LyondellBasell Industries currently has a consensus rating of “Hold” and an average target price of $76.59.

LyondellBasell Industries Stock Up 0.0%

NYSE:LYB opened at $71.79 on Monday. LyondellBasell Industries N.V. has a fifty-two week low of $41.58 and a fifty-two week high of $83.94. The stock has a market capitalization of $23.17 billion, a P/E ratio of -28.83, a P/E/G ratio of 0.17 and a beta of 0.32. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.54. The company’s 50-day simple moving average is $71.69 and its 200-day simple moving average is $56.25.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.18. The company had revenue of $7.20 billion during the quarter, compared to analysts’ expectations of $7.53 billion. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. LyondellBasell Industries’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period last year, the business earned $0.33 EPS. On average, equities analysts anticipate that LyondellBasell Industries N.V. will post 8.73 earnings per share for the current fiscal year.

LyondellBasell Industries Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 3.8%. The ex-dividend date was Monday, March 2nd. LyondellBasell Industries’s payout ratio is presently -110.84%.

Insider Buying and Selling

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 shares were 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 of the company’s stock, valued at $359,107,643.34. The trade was a 6.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.14% of the company’s stock.

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.