Board of the Pension Protection Fund Makes New Investment in LyondellBasell Industries N.V. $LYB

Board of the Pension Protection Fund purchased a new position in shares of LyondellBasell Industries N.V. (NYSE:LYB) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,400 shares of the specialty chemicals company’s stock, valued at approximately $537,000.

A number of other large investors also recently modified their holdings of LYB. Rockefeller Capital Management L.P. grew its stake in LyondellBasell Industries by 62.2% in the second quarter. Rockefeller Capital Management L.P. now owns 42,321 shares of the specialty chemicals company’s stock worth $2,583,000 after purchasing an additional 16,234 shares in the last quarter. Kingsview Wealth Management LLC raised its stake in LyondellBasell Industries by 375.1% during the second quarter. Kingsview Wealth Management LLC now owns 18,007 shares of the specialty chemicals company’s stock valued at $1,042,000 after buying an additional 14,217 shares in the last quarter. Hosking Partners LLP raised its stake in LyondellBasell Industries by 33.3% during the third quarter. Hosking Partners LLP now owns 595,587 shares of the specialty chemicals company’s stock valued at $29,208,000 after buying an additional 148,673 shares in the last quarter. Norges Bank bought a new position in LyondellBasell Industries during the 2nd quarter worth approximately $280,000,000. Finally, Capital World Investors grew its position in shares of LyondellBasell Industries by 13.1% in the 3rd quarter. Capital World Investors now owns 9,807,743 shares of the specialty chemicals company’s stock worth $480,972,000 after acquiring an additional 1,135,258 shares in the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Down 0.7%

Shares of LyondellBasell Industries stock opened at $74.66 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.77 and a quick ratio of 1.20. LyondellBasell Industries N.V. has a 1-year low of $41.58 and a 1-year high of $77.36. The business’s fifty day moving average price is $57.59 and its two-hundred day moving average price is $50.73. The company has a market capitalization of $24.05 billion, a P/E ratio of -32.04, a PEG ratio of 0.64 and a beta of 0.64.

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

LyondellBasell Industries Cuts Dividend

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

Insiders Place Their Bets

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider directly owned 5,270,918 shares of the company’s stock, valued at approximately $359,107,643.34. This represents a 6.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

LYB has been the subject of a number of research analyst reports. UBS Group upgraded LyondellBasell Industries from a “sell” rating to a “neutral” rating and boosted their price target for the company from $42.00 to $73.00 in a report on Wednesday. Wolfe Research decreased their price objective on shares of LyondellBasell Industries from $39.00 to $38.00 and set an “underperform” rating for the company in a report on Monday, February 2nd. The Goldman Sachs Group reiterated a “sell” rating on shares of LyondellBasell Industries in a research note on Monday, February 2nd. KeyCorp raised shares of LyondellBasell Industries from a “sector weight” rating to an “overweight” rating and set a $73.00 target price on the stock in a report on Wednesday, March 4th. Finally, Fermium Researc upgraded shares of LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 9th. One investment 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $64.44.

About LyondellBasell Industries

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.