CIBC Asset Management Inc Decreases Holdings in LyondellBasell Industries N.V. $LYB

CIBC Asset Management Inc reduced its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 30.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,634 shares of the specialty chemicals company’s stock after selling 19,675 shares during the period. CIBC Asset Management Inc’s holdings in LyondellBasell Industries were worth $2,238,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of LYB. Bank of Montreal Can lifted its position in shares of LyondellBasell Industries by 2.4% during the second quarter. Bank of Montreal Can now owns 651,236 shares of the specialty chemicals company’s stock worth $37,681,000 after purchasing an additional 15,264 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in LyondellBasell Industries by 62.2% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 42,321 shares of the specialty chemicals company’s stock worth $2,583,000 after buying an additional 16,234 shares during the period. Kingsview Wealth Management LLC boosted its position in LyondellBasell Industries by 375.1% in the 2nd quarter. Kingsview Wealth Management LLC now owns 18,007 shares of the specialty chemicals company’s stock valued at $1,042,000 after buying an additional 14,217 shares during the last quarter. Hosking Partners LLP boosted its position in LyondellBasell Industries by 33.3% in the 3rd quarter. Hosking Partners LLP now owns 595,587 shares of the specialty chemicals company’s stock valued at $29,208,000 after buying an additional 148,673 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of LyondellBasell Industries during the second quarter valued at about $280,000,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on LYB shares. Wall Street Zen downgraded LyondellBasell Industries from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Fermium Researc cut LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating for the company in a research note on Wednesday, October 1st. JPMorgan Chase & Co. reduced their price objective on shares of LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Finally, Vertical Research downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $48.00 target price for the company. in a research report on Wednesday, January 7th. Two investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, LyondellBasell Industries currently has a consensus rating of “Reduce” and an average target price of $52.42.

LyondellBasell Industries Stock Down 1.0%

Shares of LyondellBasell Industries stock opened at $50.37 on Wednesday. The stock has a market capitalization of $16.21 billion, a price-to-earnings ratio of -13.43 and a beta of 0.70. LyondellBasell Industries N.V. has a twelve month low of $41.58 and a twelve month high of $79.39. The company has a current ratio of 1.57, a quick ratio of 0.93 and a debt-to-equity ratio of 1.00. The business’s 50 day simple moving average is $46.11 and its 200-day simple moving average is $49.85.

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 analysts’ consensus estimates of $0.80 by $0.21. The firm had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $7.41 billion. LyondellBasell Industries had a positive return on equity of 7.50% and a negative net margin of 3.70%.The firm’s revenue was down 10.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.88 EPS. Equities research analysts forecast that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, December 1st were issued a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a dividend yield of 10.9%. The ex-dividend date of this dividend was Monday, December 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is -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.