apricus wealth LLC Purchases 11,250 Shares of LyondellBasell Industries N.V. $LYB

apricus wealth LLC grew its position in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 52.8% in the fourth quarter, Holdings Channel reports. The firm owned 32,555 shares of the specialty chemicals company’s stock after purchasing an additional 11,250 shares during the period. apricus wealth LLC’s holdings in LyondellBasell Industries were worth $1,410,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank bought a new stake in LyondellBasell Industries during the second quarter valued at $280,000,000. Capital Research Global Investors increased its stake in LyondellBasell Industries by 470.1% in the 3rd quarter. Capital Research Global Investors now owns 4,389,442 shares of the specialty chemicals company’s stock worth $215,258,000 after acquiring an additional 3,619,468 shares during the last quarter. Capital World Investors increased its stake in 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 during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of LyondellBasell Industries by 67.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,372,998 shares of the specialty chemicals company’s stock valued at $79,438,000 after acquiring an additional 553,081 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of LyondellBasell Industries by 4.1% in the 2nd quarter. State Street Corp now owns 12,915,151 shares of the specialty chemicals company’s stock valued at $747,271,000 after acquiring an additional 514,057 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was 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 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 document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.14% of the company’s stock.

LyondellBasell Industries Stock Up 2.5%

Shares of NYSE:LYB opened at $82.48 on Tuesday. The stock’s 50-day moving average price is $61.36 and its 200-day moving average price is $51.75. LyondellBasell Industries N.V. has a 12-month low of $41.58 and a 12-month high of $83.86. The stock has a market capitalization of $26.57 billion, a P/E ratio of -35.40, a price-to-earnings-growth ratio of 0.46 and a beta of 0.64. 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 (NYSE:LYB) last released its earnings results on Saturday, February 21st. The specialty chemicals company reported ($0.26) earnings per share for the quarter. The company had revenue of $7.09 billion during the quarter. LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.93%. On average, equities analysts anticipate that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Shareholders 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 annualized dividend and a yield of 3.3%. LyondellBasell Industries’s payout ratio is presently -118.45%.

Analyst Upgrades and Downgrades

LYB has been the subject of several recent analyst reports. Fermium Researc raised LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, March 9th. BMO Capital Markets raised shares of LyondellBasell Industries from an “underperform” rating to a “market perform” rating and raised their target price for the company from $38.00 to $68.00 in a research note on Thursday, March 5th. The Goldman Sachs Group reiterated a “sell” rating on shares of LyondellBasell Industries in a research report on Monday, February 2nd. Wall Street Zen raised shares of LyondellBasell Industries from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Wolfe Research lowered their price objective on shares of LyondellBasell Industries from $39.00 to $38.00 and set an “underperform” rating on the stock in a research report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, LyondellBasell Industries has an average rating of “Hold” and an average target price of $66.56.

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.