Wealth Enhancement Advisory Services LLC Has $2.63 Million Stake in LyondellBasell Industries N.V. $LYB

Wealth Enhancement Advisory Services LLC lifted its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 32.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,986 shares of the specialty chemicals company’s stock after purchasing an additional 14,006 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in LyondellBasell Industries were worth $2,633,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Cooper Financial Group grew its position in shares of LyondellBasell Industries by 4.3% in the 3rd quarter. Cooper Financial Group now owns 5,146 shares of the specialty chemicals company’s stock valued at $252,000 after purchasing an additional 211 shares during the period. Capital Investment Advisory Services LLC lifted its stake in LyondellBasell Industries by 2.5% in the third quarter. Capital Investment Advisory Services LLC now owns 9,345 shares of the specialty chemicals company’s stock valued at $458,000 after buying an additional 226 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its stake in LyondellBasell Industries by 1.4% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 18,020 shares of the specialty chemicals company’s stock valued at $884,000 after buying an additional 241 shares in the last quarter. Concurrent Investment Advisors LLC boosted its holdings in shares of LyondellBasell Industries by 2.2% in the third quarter. Concurrent Investment Advisors LLC now owns 13,090 shares of the specialty chemicals company’s stock valued at $642,000 after buying an additional 282 shares during the period. Finally, Greenwood Capital Associates LLC increased its position in shares of LyondellBasell Industries by 1.5% during the third quarter. Greenwood Capital Associates LLC now owns 19,459 shares of the specialty chemicals company’s stock worth $954,000 after acquiring an additional 283 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

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 on Monday, March 9th. The stock was 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 $359,107,643.34. This trade represents a 6.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on LYB shares. Wolfe Research cut their price objective on shares of LyondellBasell Industries from $39.00 to $38.00 and set an “underperform” rating on the stock in a research report on Monday, February 2nd. BMO Capital Markets upgraded LyondellBasell Industries from an “underperform” rating to a “market perform” rating and increased their target price for the stock from $38.00 to $68.00 in a report on Thursday, March 5th. Jefferies Financial Group lifted their price target on LyondellBasell Industries from $51.00 to $70.00 and gave the company a “hold” rating in a research note on Tuesday, March 10th. Wells Fargo & Company boosted their price target on LyondellBasell Industries from $70.00 to $87.00 and gave the company an “equal weight” rating in a report on Monday. Finally, The Goldman Sachs Group reaffirmed a “sell” rating on shares of LyondellBasell Industries in a research report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, LyondellBasell Industries currently has a consensus rating of “Hold” and an average price target of $66.89.

LyondellBasell Industries Trading Down 5.0%

Shares of NYSE:LYB opened at $76.51 on Thursday. LyondellBasell Industries N.V. has a 52-week low of $41.58 and a 52-week high of $83.94. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.20 and a current ratio of 1.77. The company has a market capitalization of $24.65 billion, a P/E ratio of -32.83, a price-to-earnings-growth ratio of 0.46 and a beta of 0.64. The company has a 50-day simple moving average of $62.49 and a 200 day simple moving average of $52.10.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Saturday, February 21st. The specialty chemicals company reported ($0.26) earnings per share for the quarter. The business had revenue of $7.09 billion for the quarter. LyondellBasell Industries had a positive return on equity of 4.93% and a negative net margin of 2.46%. Sell-side analysts forecast that LyondellBasell Industries N.V. will post 6.31 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 issued a dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.6%. LyondellBasell Industries’s payout ratio is presently -118.45%.

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.