8,785 Shares in LyondellBasell Industries N.V. $LYB Bought by TT Capital Management LLC

TT Capital Management LLC acquired a new stake in LyondellBasell Industries N.V. (NYSE:LYB) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,785 shares of the specialty chemicals company’s stock, valued at approximately $380,000.

Other hedge funds also recently modified their holdings of the company. Capital Research Global Investors grew its position in LyondellBasell Industries by 470.1% during the third quarter. Capital Research Global Investors now owns 4,389,442 shares of the specialty chemicals company’s stock worth $215,258,000 after buying an additional 3,619,468 shares in the last quarter. Norges Bank bought a new stake in shares of LyondellBasell Industries in the 4th quarter worth approximately $52,210,000. Capital World Investors lifted its position in shares of LyondellBasell Industries by 13.1% in the 3rd quarter. Capital World Investors now owns 9,807,743 shares of the specialty chemicals company’s stock worth $480,972,000 after acquiring an additional 1,135,258 shares during the period. Ameriprise Financial Inc. lifted its position in shares of LyondellBasell Industries by 67.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,372,998 shares of the specialty chemicals company’s stock worth $79,438,000 after acquiring an additional 553,081 shares during the period. Finally, Jefferies Financial Group Inc. lifted its position in shares of LyondellBasell Industries by 5,250.7% in the 4th quarter. Jefferies Financial Group Inc. now owns 492,372 shares of the specialty chemicals company’s stock worth $21,320,000 after acquiring an additional 483,170 shares during the period. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Trading Down 1.5%

LYB opened at $66.26 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.03 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $21.39 billion, a PE ratio of -26.61, a PEG ratio of 0.16 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. The firm has a 50-day moving average price of $73.02 and a two-hundred day moving average price of $59.79.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.18. The firm 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%. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.33 EPS. As a group, equities analysts anticipate that LyondellBasell Industries N.V. will post 8.73 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Monday, June 1st will be given a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 4.2%. The ex-dividend date is Monday, June 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -110.84%.

Analysts Set New Price Targets

A number of analysts have commented on LYB shares. Jefferies Financial Group raised their price objective on LyondellBasell Industries from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, April 16th. The Goldman Sachs Group raised their price objective on LyondellBasell Industries from $51.00 to $75.00 and gave the stock a “sell” rating in a research report on Monday, May 4th. 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 report on Wednesday, March 4th. Vertical Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Monday, March 9th. Finally, Citigroup reduced their price objective on shares of LyondellBasell Industries from $90.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, May 27th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $77.24.

Insiders Place Their Bets

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were 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 legal filing with the SEC, which can be accessed through this hyperlink. 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.