Rockefeller Capital Management L.P. Decreases Holdings in LyondellBasell Industries N.V. $LYB

Rockefeller Capital Management L.P. lowered its position in LyondellBasell Industries N.V. (NYSE:LYB) by 20.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,895 shares of the specialty chemicals company’s stock after selling 10,927 shares during the period. Rockefeller Capital Management L.P.’s holdings in LyondellBasell Industries were worth $1,814,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Capital World Investors raised its stake in shares of LyondellBasell Industries by 13.1% during the 3rd quarter. Capital World Investors now owns 9,807,743 shares of the specialty chemicals company’s stock worth $480,972,000 after buying an additional 1,135,258 shares during the last quarter. Bruce & Co. Inc. grew its stake in LyondellBasell Industries by 50.0% in the 3rd quarter. Bruce & Co. Inc. now owns 60,000 shares of the specialty chemicals company’s stock valued at $2,942,000 after acquiring an additional 20,000 shares during the last quarter. Barclays PLC increased its holdings in LyondellBasell Industries by 3.5% during the 3rd quarter. Barclays PLC now owns 1,006,356 shares of the specialty chemicals company’s stock valued at $49,352,000 after acquiring an additional 33,873 shares in the last quarter. Capital International Inc. CA increased its holdings in LyondellBasell Industries by 29.2% during the 3rd quarter. Capital International Inc. CA now owns 69,146 shares of the specialty chemicals company’s stock valued at $3,391,000 after acquiring an additional 15,644 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its position in LyondellBasell Industries by 6.3% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 354,380 shares of the specialty chemicals company’s stock worth $17,379,000 after acquiring an additional 20,906 shares during the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Vertical Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Monday, March 9th. Bank of America cut their price objective on LyondellBasell Industries from $68.00 to $48.00 and set an “underperform” rating for the company in a research report on Tuesday. Weiss Ratings lowered LyondellBasell Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, June 24th. Jefferies Financial Group raised their price target on LyondellBasell Industries from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, April 16th. Finally, UBS Group cut their price target on LyondellBasell Industries from $82.00 to $73.00 and set a “neutral” rating for the company in a report on Friday, June 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $75.53.

LyondellBasell Industries Stock Performance

NYSE:LYB opened at $52.72 on Wednesday. The firm has a 50 day simple moving average of $67.14 and a 200-day simple moving average of $61.68. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.54 and a quick ratio of 1.03. The firm has a market cap of $17.02 billion, a PE ratio of -21.17, a P/E/G ratio of 0.12 and a beta of 0.28. LyondellBasell Industries N.V. has a 1-year low of $41.58 and a 1-year high of $83.94.

LyondellBasell Industries (NYSE:LYB) last announced 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 for the quarter, compared to analyst estimates 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 was down 6.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.33 earnings per share. On average, equities analysts expect that LyondellBasell Industries N.V. will post 9.22 EPS for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Monday, June 1st were paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Monday, June 1st. LyondellBasell Industries’s dividend payout ratio is currently -110.84%.

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.