Hartford Investment Management Co. Takes $728,000 Position in LyondellBasell Industries N.V. $LYB

Hartford Investment Management Co. purchased a new position in shares of LyondellBasell Industries N.V. (NYSE:LYB) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 14,850 shares of the specialty chemicals company’s stock, valued at approximately $728,000.

Other institutional investors also recently modified their holdings of the company. Capital A Wealth Management LLC grew its stake in shares of LyondellBasell Industries by 6,314.3% during the second quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 442 shares during the last quarter. MTM Investment Management LLC bought a new position in LyondellBasell Industries in the 2nd quarter valued at $26,000. Parvin Asset Management LLC acquired a new stake in shares of LyondellBasell Industries in the 2nd quarter valued at $26,000. EMC Capital Management bought a new stake in shares of LyondellBasell Industries during the second quarter worth $29,000. Finally, Vermillion & White Wealth Management Group LLC lifted its stake in shares of LyondellBasell Industries by 97.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 534 shares of the specialty chemicals company’s stock valued at $31,000 after acquiring an additional 264 shares during the period. 71.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on LYB shares. The Goldman Sachs Group reissued a “sell” rating on shares of LyondellBasell Industries in a report on Monday. Evercore ISI dropped their price target 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. Mizuho raised their price objective on shares of LyondellBasell Industries from $49.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. JPMorgan Chase & Co. dropped their target price on shares of LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Finally, Citigroup raised their price target on LyondellBasell Industries from $46.00 to $49.00 and gave the stock a “neutral” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, LyondellBasell Industries currently has a consensus rating of “Reduce” and an average target price of $51.28.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, EVP Kimberly A. Foley acquired 5,661 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were acquired at an average price of $43.56 per share, for a total transaction of $246,593.16. Following the acquisition, 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.14% of the stock is owned by company insiders.

LyondellBasell Industries Trading Down 5.6%

LYB opened at $53.92 on Friday. The firm’s fifty day moving average is $47.00 and its two-hundred day moving average is $49.50. The firm has a market cap of $17.36 billion, a PE ratio of -23.14, a price-to-earnings-growth ratio of 0.39 and a beta of 0.70. LyondellBasell Industries N.V. has a twelve month low of $41.58 and a twelve month high of $78.52. 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 announced its quarterly earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.44). The firm had revenue of $7.09 billion during the quarter, compared to analyst estimates of $6.82 billion. LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.94%. LyondellBasell Industries’s quarterly revenue was down 9.2% on a year-over-year basis. During the same period last year, the firm earned $0.75 EPS. Equities research analysts anticipate that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently declared 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 of this dividend was Monday, December 1st. This represents a $5.48 dividend on an annualized basis and a dividend yield of 10.2%. LyondellBasell Industries’s dividend payout ratio (DPR) is currently -235.19%.

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.