LyondellBasell Industries N.V. $LYB Shares Sold by Swedbank AB

Swedbank AB decreased its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 8.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 209,327 shares of the specialty chemicals company’s stock after selling 19,175 shares during the period. Swedbank AB owned approximately 0.07% of LyondellBasell Industries worth $10,265,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MTM Investment Management LLC bought a new position in shares of LyondellBasell Industries in the second quarter valued at approximately $26,000. Parvin Asset Management LLC acquired a new stake in LyondellBasell Industries in the second quarter worth approximately $26,000. Capital A Wealth Management LLC boosted its stake in LyondellBasell Industries by 6,314.3% during the 2nd quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 442 shares in the last quarter. Hilltop National Bank acquired a new position in shares of LyondellBasell Industries during the 2nd quarter valued at $29,000. Finally, EMC Capital Management bought a new stake in shares of LyondellBasell Industries in the 2nd quarter worth $29,000. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Stock Performance

Shares of LYB opened at $43.27 on Friday. The company has a 50-day moving average of $44.84 and a two-hundred day moving average of $51.85. The stock has a market cap of $13.93 billion, a price-to-earnings ratio of -11.54 and a beta of 0.71. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.57 and a quick ratio of 0.93. LyondellBasell Industries N.V. has a one year low of $41.58 and a one year high of $79.39.

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

LyondellBasell Industries Announces Dividend

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

Insider Activity at LyondellBasell Industries

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Mizuho lowered their target price on LyondellBasell Industries from $52.00 to $49.00 and set a “neutral” rating on the stock in a report on Thursday, December 11th. Wells Fargo & Company restated an “equal weight” rating and set a $45.00 price objective (down previously from $55.00) on shares of LyondellBasell Industries in a research report on Friday, December 19th. Weiss Ratings reiterated a “sell (d+)” rating on shares of LyondellBasell Industries in a report on Wednesday, October 8th. Wall Street Zen cut shares of LyondellBasell Industries from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Finally, Rothschild & Co Redburn decreased their price target on shares of LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, September 12th. Two equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, LyondellBasell Industries currently has an average rating of “Reduce” and an average target price of $53.65.

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.