LyondellBasell Industries N.V. $LYB Stake Decreased by Cambria Investment Management L.P.

Cambria Investment Management L.P. trimmed its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 6.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,671 shares of the specialty chemicals company’s stock after selling 10,602 shares during the quarter. Cambria Investment Management L.P.’s holdings in LyondellBasell Industries were worth $7,340,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Parvin Asset Management LLC purchased a new stake in LyondellBasell Industries during the second quarter valued at about $26,000. Capital A Wealth Management LLC increased its position in shares of LyondellBasell Industries by 6,314.3% in the second 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. Stance Capital LLC acquired a new stake in shares of LyondellBasell Industries during the third quarter valued at approximately $27,000. EMC Capital Management purchased a new stake in shares of LyondellBasell Industries in the 2nd quarter valued at approximately $29,000. Finally, Quent Capital LLC acquired a new position in LyondellBasell Industries in the 3rd quarter worth approximately $29,000. 71.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on LYB. Fermium Researc raised shares of LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 9th. Wolfe Research reduced their price objective on LyondellBasell Industries from $39.00 to $38.00 and set an “underperform” rating for the company in a research note on Monday, February 2nd. Wall Street Zen cut LyondellBasell Industries from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. The Goldman Sachs Group reiterated a “sell” rating on shares of LyondellBasell Industries in a report on Monday, February 2nd. Finally, Citigroup upgraded shares of LyondellBasell Industries from a “neutral” rating to a “buy” rating and raised their price target for the stock from $49.00 to $76.00 in a report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $63.22.

LyondellBasell Industries Price Performance

LYB opened at $75.37 on Thursday. The stock has a fifty day moving average price of $57.05 and a 200 day moving average price of $50.56. The company has a current ratio of 1.77, a quick ratio of 1.20 and a debt-to-equity ratio of 1.20. LyondellBasell Industries N.V. has a 1 year low of $41.58 and a 1 year high of $76.10. The stock has a market cap of $24.28 billion, a price-to-earnings ratio of -32.35, a PEG ratio of 0.61 and a beta of 0.64.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.44). LyondellBasell Industries had a positive return on equity of 4.93% and a negative net margin of 2.46%.The firm had revenue of $7.09 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same period in the previous year, the company earned $0.75 earnings per share. The business’s revenue for the quarter was down 9.2% on a year-over-year basis. Analysts forecast that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Monday, March 2nd were issued a $0.69 dividend. The ex-dividend date was Monday, March 2nd. This represents a $2.76 dividend on an annualized basis and a yield of 3.7%. LyondellBasell Industries’s dividend payout ratio is currently -118.45%.

Insiders Place Their Bets

In related news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $68.13, for a total transaction of $26,199,255.24. Following the transaction, the insider owned 5,270,918 shares of the company’s stock, valued at approximately $359,107,643.34. This trade represents a 6.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.14% of the company’s stock.

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.