Viking Fund Management LLC Cuts Stock Holdings in LyondellBasell Industries N.V. $LYB

Viking Fund Management LLC cut its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 94.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,000 shares of the specialty chemicals company’s stock after selling 79,000 shares during the quarter. Viking Fund Management LLC’s holdings in LyondellBasell Industries were worth $245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in LYB. Bank of Montreal Can lifted its stake in LyondellBasell Industries by 2.4% during the second quarter. Bank of Montreal Can now owns 651,236 shares of the specialty chemicals company’s stock worth $37,681,000 after purchasing an additional 15,264 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in LyondellBasell Industries by 62.2% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 42,321 shares of the specialty chemicals company’s stock worth $2,583,000 after buying an additional 16,234 shares during the last quarter. Kingsview Wealth Management LLC boosted its stake in LyondellBasell Industries by 375.1% in the second quarter. Kingsview Wealth Management LLC now owns 18,007 shares of the specialty chemicals company’s stock worth $1,042,000 after buying an additional 14,217 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC boosted its stake in LyondellBasell Industries by 69.1% in the second quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 249,852 shares of the specialty chemicals company’s stock worth $14,456,000 after buying an additional 102,140 shares in the last quarter. Finally, Norges Bank bought a new position in LyondellBasell Industries during the second quarter valued at approximately $280,000,000. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Performance

LyondellBasell Industries stock opened at $43.13 on Friday. LyondellBasell Industries N.V. has a 1-year low of $41.58 and a 1-year high of $79.39. The firm has a market cap of $13.88 billion, a P/E ratio of -11.50 and a beta of 0.71. 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 firm has a 50-day moving average of $45.17 and a 200-day moving average of $52.36.

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

LyondellBasell Industries Announces Dividend

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

Analysts Set New Price Targets

LYB has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft cut their price objective on shares of LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating for the company in a research note on Wednesday, October 1st. Fermium Researc lowered shares of LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 3rd. UBS Group reduced their price objective on LyondellBasell Industries from $44.00 to $43.00 and set a “sell” rating on the stock in a research note on Monday, October 6th. Rothschild & Co Redburn lowered their target price on LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, September 12th. Finally, Alembic Global Advisors upgraded LyondellBasell Industries to a “hold” rating in a report on Monday, October 20th. Two research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $53.94.

Insider Transactions at LyondellBasell Industries

In related news, EVP Kimberly A. Foley acquired 5,661 shares of the stock in a transaction on Wednesday, November 12th. The stock was acquired at an average cost of $43.56 per share, for a total transaction of $246,593.16. Following the completion of the acquisition, the executive vice president directly owned 67,688 shares of the company’s stock, valued at approximately $2,948,489.28. This represents a 9.13% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by insiders.

LyondellBasell Industries 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.