Cincinnati Insurance Co. Acquires 100,000 Shares of LyondellBasell Industries N.V. $LYB

Cincinnati Insurance Co. lifted its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 12.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 885,666 shares of the specialty chemicals company’s stock after buying an additional 100,000 shares during the quarter. Cincinnati Insurance Co.’s holdings in LyondellBasell Industries were worth $43,433,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds 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 2nd quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 442 shares in the last quarter. MTM Investment Management LLC bought a new position in shares of LyondellBasell Industries during the 2nd quarter worth approximately $26,000. Parvin Asset Management LLC bought a new position in shares of LyondellBasell Industries in the second quarter valued at about $26,000. EMC Capital Management acquired a new stake in LyondellBasell Industries during the second quarter worth approximately $29,000. Finally, Vermillion & White Wealth Management Group LLC grew its holdings in LyondellBasell Industries by 97.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 534 shares of the specialty chemicals company’s stock valued at $31,000 after buying an additional 264 shares in the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Price Performance

LYB stock opened at $57.70 on Wednesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.20 and a current ratio of 1.77. The business has a 50-day simple moving average of $47.47 and a two-hundred day simple moving average of $49.13. The company has a market capitalization of $18.57 billion, a P/E ratio of -24.76, a price-to-earnings-growth ratio of 0.38 and a beta of 0.70. LyondellBasell Industries N.V. has a 52-week low of $41.58 and a 52-week high of $78.52.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, January 30th. The specialty chemicals company reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.44). The company had revenue of $7.09 billion during the quarter, compared to analysts’ expectations 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 for the quarter was down 9.2% compared to the same quarter last year. During the same period last year, the company earned $0.75 earnings per share. Research analysts expect that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, December 1st were issued a dividend of $1.37 per share. This represents a $5.48 dividend on an annualized basis and a yield of 9.5%. The ex-dividend date of this dividend was Monday, December 1st. LyondellBasell Industries’s payout ratio is currently -235.19%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Bank of America reduced their price target on LyondellBasell Industries from $52.00 to $46.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Vertical Research downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $48.00 price objective on the stock. in a report on Wednesday, January 7th. UBS Group dropped their price target on shares of LyondellBasell Industries from $41.00 to $38.00 and set a “sell” rating for the company in a research note on Tuesday, December 23rd. Wells Fargo & Company increased their target price on shares of LyondellBasell Industries from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday, February 2nd. Finally, Citigroup lifted their target price on LyondellBasell Industries from $46.00 to $49.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd. One analyst has rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $51.00.

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.