Robeco Institutional Asset Management B.V. Decreases Holdings in LyondellBasell Industries N.V. $LYB

Robeco Institutional Asset Management B.V. reduced its position in LyondellBasell Industries N.V. (NYSE:LYB) by 83.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 48,903 shares of the specialty chemicals company’s stock after selling 249,406 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in LyondellBasell Industries were worth $2,398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of LYB. MTM Investment Management LLC bought a new position in LyondellBasell Industries in the second quarter valued at about $26,000. Parvin Asset Management LLC purchased a new stake in shares of LyondellBasell Industries during the 2nd quarter valued at about $26,000. Capital A Wealth Management LLC lifted its stake in shares of LyondellBasell Industries by 6,314.3% in the 2nd quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 442 shares during the period. Hilltop National Bank bought a new position in shares of LyondellBasell Industries in the 2nd quarter worth approximately $29,000. Finally, EMC Capital Management purchased a new position in shares of LyondellBasell Industries in the second quarter worth approximately $29,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating on the stock in a research report on Wednesday, October 1st. Mizuho reduced their price objective on LyondellBasell Industries from $52.00 to $49.00 and set a “neutral” rating for the company in a research note on Thursday, December 11th. Bank of America decreased their target price on LyondellBasell Industries from $55.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. The Goldman Sachs Group cut their price target on LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating for the company in a report on Friday, October 17th. Finally, 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. Two research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $53.33.

Insiders Place Their Bets

In related news, EVP Kimberly A. Foley acquired 5,661 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was acquired at an average cost of $43.56 per share, with a total value of $246,593.16. Following the acquisition, the executive vice president directly owned 67,688 shares in the company, valued at $2,948,489.28. This represents a 9.13% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.14% of the stock is owned by insiders.

LyondellBasell Industries Trading Up 2.2%

Shares of LyondellBasell Industries stock opened at $48.70 on Monday. LyondellBasell Industries N.V. has a fifty-two week low of $41.58 and a fifty-two week high of $79.39. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.93 and a current ratio of 1.57. The company has a market capitalization of $15.67 billion, a P/E ratio of -12.99 and a beta of 0.70. The company has a fifty day moving average of $44.55 and a 200 day moving average of $50.81.

LyondellBasell Industries (NYSE:LYB) last posted 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 for the quarter, compared to analysts’ expectations of $7.41 billion. LyondellBasell Industries had a positive return on equity of 7.50% and a negative net margin of 3.70%.The business’s quarterly revenue was down 10.2% on a year-over-year basis. During the same period last year, the firm earned $1.88 earnings per share. On average, sell-side analysts anticipate that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, December 1st were issued a $1.37 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $5.48 dividend on an annualized basis and a yield of 11.3%. LyondellBasell Industries’s payout ratio is currently -146.13%.

LyondellBasell Industries Company 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.