Altrius Capital Management Inc Increases Position in LyondellBasell Industries N.V. $LYB

Altrius Capital Management Inc grew its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 19.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 169,105 shares of the specialty chemicals company’s stock after acquiring an additional 27,855 shares during the quarter. LyondellBasell Industries accounts for approximately 1.9% of Altrius Capital Management Inc’s investment portfolio, making the stock its 19th biggest holding. Altrius Capital Management Inc’s holdings in LyondellBasell Industries were worth $8,293,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. New York Life Investment Management LLC lifted its holdings in LyondellBasell Industries by 0.5% during the second quarter. New York Life Investment Management LLC now owns 38,521 shares of the specialty chemicals company’s stock valued at $2,229,000 after purchasing an additional 193 shares during the last quarter. State of Michigan Retirement System lifted its holdings in shares of LyondellBasell Industries by 0.3% during the 2nd quarter. State of Michigan Retirement System now owns 78,165 shares of the specialty chemicals company’s stock worth $4,523,000 after acquiring an additional 200 shares during the last quarter. Cooper Financial Group raised its holdings in shares of LyondellBasell Industries by 4.3% during the 3rd quarter. Cooper Financial Group now owns 5,146 shares of the specialty chemicals company’s stock valued at $252,000 after buying an additional 211 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its stake in shares of LyondellBasell Industries by 1.4% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 18,020 shares of the specialty chemicals company’s stock valued at $884,000 after purchasing an additional 241 shares in the last quarter. Finally, Alan B Lancz & Associates Inc. increased its holdings in shares of LyondellBasell Industries by 7.2% in the second quarter. Alan B Lancz & Associates Inc. now owns 3,700 shares of the specialty chemicals company’s stock worth $214,000 after buying an additional 250 shares during the period. 71.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at LyondellBasell Industries

In other news, EVP Kimberly A. Foley bought 5,661 shares of the stock in a transaction dated Wednesday, November 12th. The stock was purchased at an average price of $43.56 per share, for a total transaction of $246,593.16. Following the acquisition, the executive vice president owned 67,688 shares of the company’s stock, valued at $2,948,489.28. The trade was a 9.13% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on LYB. Mizuho boosted their price objective on shares of LyondellBasell Industries from $49.00 to $53.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. KeyCorp reissued a “sector weight” rating on shares of LyondellBasell Industries in a research report on Monday. Jefferies Financial Group lowered their price objective on LyondellBasell Industries from $50.00 to $46.00 and set a “hold” rating on the stock in a research report on Monday, December 8th. JPMorgan Chase & Co. dropped their price target on shares of LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of LyondellBasell Industries in a research report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, seventeen have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $51.28.

LyondellBasell Industries Stock Performance

Shares of NYSE LYB opened at $57.19 on Thursday. The firm’s fifty day moving average is $46.89 and its two-hundred day moving average is $49.47. LyondellBasell Industries N.V. has a 52-week low of $41.58 and a 52-week high of $78.52. The company has a market cap of $18.41 billion, a P/E ratio of -24.54, a P/E/G ratio of 0.35 and a beta of 0.70. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.20 and a current ratio of 1.77.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, January 30th. The specialty chemicals company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.44). The firm had revenue of $7.09 billion during the quarter, compared to the consensus estimate of $6.82 billion. LyondellBasell Industries had a positive return on equity of 4.94% and a negative net margin of 2.46%.The business’s revenue was down 9.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.75 EPS. As a group, 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 declared a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, December 1st were issued a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a yield of 9.6%. The ex-dividend date was Monday, December 1st. LyondellBasell Industries’s dividend payout ratio is presently -235.19%.

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.