LyondellBasell Industries N.V. $LYB Shares Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 99.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,777 shares of the specialty chemicals company’s stock after acquiring an additional 13,862 shares during the period. Ritholtz Wealth Management’s holdings in LyondellBasell Industries were worth $1,362,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in LYB. MTM Investment Management LLC bought a new stake in shares of LyondellBasell Industries in the 2nd quarter worth about $26,000. Parvin Asset Management LLC bought a new position in shares of LyondellBasell Industries during the second quarter worth about $26,000. Capital A Wealth Management LLC grew its stake in LyondellBasell Industries by 6,314.3% in the second 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 in the last quarter. Hilltop National Bank acquired a new stake in LyondellBasell Industries during the second quarter valued at approximately $29,000. Finally, EMC Capital Management bought a new position in LyondellBasell Industries during the 2nd quarter worth approximately $29,000. 71.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. UBS Group dropped their price target on LyondellBasell Industries from $41.00 to $38.00 and set a “sell” rating on the stock in a research report on Tuesday, December 23rd. Weiss Ratings restated a “sell (d+)” rating on shares of LyondellBasell Industries in a research report on Wednesday, October 8th. Mizuho lowered their price objective on shares of LyondellBasell Industries from $52.00 to $49.00 and set a “neutral” rating for the company in a research report on Thursday, December 11th. Wall Street Zen lowered shares of LyondellBasell Industries from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Finally, Bank of America decreased their target price on LyondellBasell Industries from $52.00 to $46.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Two analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, LyondellBasell Industries currently has a consensus rating of “Reduce” and a consensus target price of $52.42.

LyondellBasell Industries Trading Up 0.1%

Shares of NYSE:LYB opened at $50.94 on Monday. The company has a quick ratio of 0.93, a current ratio of 1.57 and a debt-to-equity ratio of 1.00. The company’s 50-day moving average price is $45.17 and its 200 day moving average price is $50.47. The company has a market cap of $16.40 billion, a PE ratio of -13.58 and a beta of 0.70. LyondellBasell Industries N.V. has a fifty-two week low of $41.58 and a fifty-two week high of $79.39.

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

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 8th. Shareholders 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 annualized dividend and a yield of 10.8%. LyondellBasell Industries’s payout ratio is presently -146.13%.

Insider Transactions at LyondellBasell Industries

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