Aberdeen Group plc Lowers Stake in LyondellBasell Industries N.V. $LYB

Aberdeen Group plc cut its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 16.2% during the third quarter, HoldingsChannel reports. The firm owned 134,221 shares of the specialty chemicals company’s stock after selling 25,864 shares during the period. Aberdeen Group plc’s holdings in LyondellBasell Industries were worth $6,494,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in LYB. MTM Investment Management LLC acquired a new position in LyondellBasell Industries in the 2nd quarter valued at about $26,000. Parvin Asset Management LLC purchased a new position in shares of LyondellBasell Industries in the 2nd quarter valued at approximately $26,000. Capital A Wealth Management LLC grew its stake in shares of LyondellBasell Industries by 6,314.3% in the 2nd 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. EMC Capital Management acquired a new position in shares of LyondellBasell Industries in the second quarter valued at approximately $29,000. Finally, Quent Capital LLC purchased a new stake in shares of LyondellBasell Industries during the third quarter worth approximately $29,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Stock Up 2.5%

LYB opened at $56.72 on Friday. 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 company has a market cap of $18.26 billion, a price-to-earnings ratio of -24.34, a PEG ratio of 0.38 and a beta of 0.70. LyondellBasell Industries N.V. has a one year low of $41.58 and a one year high of $78.41. The business’s fifty day moving average is $49.55 and its two-hundred day moving average is $49.21.

LyondellBasell Industries (NYSE:LYB) last released 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 for the quarter, compared to analyst estimates of $6.82 billion. LyondellBasell Industries had a positive return on equity of 4.94% and a negative net margin of 2.46%.The company’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same period last year, the firm earned $0.75 EPS. Analysts anticipate that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 9th. Shareholders of record on Monday, March 2nd will be issued a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Monday, March 2nd. LyondellBasell Industries’s dividend payout ratio is -235.19%.

Wall Street Analysts Forecast Growth

LYB has been the topic of several recent research reports. Wells Fargo & Company boosted their price objective on shares of LyondellBasell Industries from $45.00 to $48.00 and gave the company an “equal weight” rating in a research note on Monday, February 2nd. Citigroup lifted their target price on shares of LyondellBasell Industries from $46.00 to $49.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. Wall Street Zen cut shares of LyondellBasell Industries from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Royal Bank Of Canada raised their price objective on shares of LyondellBasell Industries from $49.00 to $51.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 3rd. Finally, Bank of America dropped their target price 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. One research analyst has rated the stock with a Buy rating, seventeen have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $51.00.

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.