Marathon Asset Management Ltd Decreases Position in LyondellBasell Industries N.V. $LYB

Marathon Asset Management Ltd lessened its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 23.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 329,029 shares of the specialty chemicals company’s stock after selling 101,000 shares during the quarter. Marathon Asset Management Ltd owned approximately 0.10% of LyondellBasell Industries worth $16,135,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kestra Advisory Services LLC grew its stake in shares of LyondellBasell Industries by 12.5% during the 1st quarter. Kestra Advisory Services LLC now owns 15,101 shares of the specialty chemicals company’s stock worth $1,063,000 after acquiring an additional 1,680 shares during the period. Ieq Capital LLC lifted its holdings in LyondellBasell Industries by 124.3% during the first quarter. Ieq Capital LLC now owns 46,939 shares of the specialty chemicals company’s stock valued at $3,305,000 after purchasing an additional 26,014 shares during the last quarter. Magnetar Financial LLC bought a new position in LyondellBasell Industries during the first quarter worth about $616,000. Vident Advisory LLC increased its stake in shares of LyondellBasell Industries by 61.9% in the first quarter. Vident Advisory LLC now owns 26,109 shares of the specialty chemicals company’s stock worth $1,838,000 after purchasing an additional 9,986 shares in the last quarter. Finally, Retirement Planning Co of New England Inc. raised its position in shares of LyondellBasell Industries by 34.6% in the first quarter. Retirement Planning Co of New England Inc. now owns 8,148 shares of the specialty chemicals company’s stock valued at $574,000 after purchasing an additional 2,094 shares during the period. 71.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on LYB. Evercore ISI reduced their price objective on shares of LyondellBasell Industries from $65.00 to $57.00 and set an “in-line” rating for the company in a research note on Tuesday, November 11th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $45.00 price target (down from $55.00) on shares of LyondellBasell Industries in a report on Friday, December 19th. UBS Group decreased their price objective on LyondellBasell Industries from $41.00 to $38.00 and set a “sell” rating on the stock in a research note on Tuesday, December 23rd. Alembic Global Advisors upgraded LyondellBasell Industries to a “hold” rating in a research note on Monday, October 20th. Finally, Wall Street Zen lowered LyondellBasell Industries from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Two 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 stock. According to data from MarketBeat.com, LyondellBasell Industries currently has an average rating of “Reduce” and an average target price of $53.65.

LyondellBasell Industries Price Performance

Shares of NYSE LYB opened at $43.27 on Monday. The stock’s 50-day simple moving average is $44.84 and its two-hundred day simple moving average is $51.79. LyondellBasell Industries N.V. has a twelve month low of $41.58 and a twelve month high of $79.39. The firm has a market capitalization of $13.93 billion, a P/E ratio of -11.54 and a beta of 0.71. The company has a quick ratio of 0.93, a current ratio of 1.57 and a debt-to-equity ratio of 1.00.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, October 31st. The specialty chemicals company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.80 by $0.21. The company 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 revenue was down 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.88 earnings per share. As a group, equities analysts anticipate that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

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

Insider Activity

In related news, EVP Kimberly A. Foley bought 5,661 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was bought at an average cost of $43.56 per share, for a total transaction of $246,593.16. Following the completion of the transaction, the executive vice president owned 67,688 shares of the company’s stock, valued at approximately $2,948,489.28. The trade was a 9.13% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

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.