Foster & Motley Inc. Lowers Stock Position in LyondellBasell Industries N.V. $LYB

Foster & Motley Inc. cut its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 27.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 26,400 shares of the specialty chemicals company’s stock after selling 9,978 shares during the period. Foster & Motley Inc.’s holdings in LyondellBasell Industries were worth $1,143,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. apricus wealth LLC lifted its holdings in LyondellBasell Industries by 52.8% during the fourth quarter. apricus wealth LLC now owns 32,555 shares of the specialty chemicals company’s stock worth $1,410,000 after buying an additional 11,250 shares during the period. Centennial Wealth Advisory LLC boosted its position in LyondellBasell Industries by 5.9% during the 4th quarter. Centennial Wealth Advisory LLC now owns 12,376 shares of the specialty chemicals company’s stock valued at $536,000 after acquiring an additional 690 shares in the last quarter. ORG Partners LLC increased its holdings in shares of LyondellBasell Industries by 960.0% in the 4th quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock valued at $30,000 after acquiring an additional 624 shares during the period. TrueMark Investments LLC bought a new position in shares of LyondellBasell Industries in the 4th quarter worth $263,000. Finally, Bell Bank raised its position in shares of LyondellBasell Industries by 0.8% in the 4th quarter. Bell Bank now owns 123,703 shares of the specialty chemicals company’s stock worth $5,356,000 after acquiring an additional 942 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

Insiders Place Their Bets

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of LyondellBasell Industries stock in a transaction dated 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 transaction, the insider owned 5,270,918 shares in the company, valued at approximately $359,107,643.34. This trade represents a 6.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

LYB has been the topic of a number of recent research reports. Citigroup raised LyondellBasell Industries from a “neutral” rating to a “buy” rating and raised their price objective for the company from $49.00 to $76.00 in a research report on Thursday, March 12th. Bank of America reduced their target price on shares of LyondellBasell Industries from $52.00 to $46.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of LyondellBasell Industries in a research report on Thursday, January 22nd. BMO Capital Markets upgraded shares of LyondellBasell Industries from an “underperform” rating to a “market perform” rating and raised their price target for the company from $38.00 to $68.00 in a report on Thursday, March 5th. Finally, Fermium Researc raised 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 issued a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, LyondellBasell Industries presently has an average rating of “Hold” and an average price target of $66.89.

LyondellBasell Industries Stock Performance

LYB opened at $76.51 on Thursday. The company has a market cap of $24.65 billion, a P/E ratio of -32.83, a price-to-earnings-growth ratio of 0.46 and a beta of 0.39. The company has a quick ratio of 1.20, a current ratio of 1.77 and a debt-to-equity ratio of 1.20. The firm’s 50-day moving average price is $62.49 and its 200-day moving average price is $52.10. LyondellBasell Industries N.V. has a 52-week low of $41.58 and a 52-week high of $83.94.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Saturday, February 21st. The specialty chemicals company reported ($0.26) earnings per share (EPS) for the quarter. LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.93%. The firm had revenue of $7.09 billion during the quarter. As a group, equities analysts anticipate that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, March 2nd. LyondellBasell Industries’s dividend payout ratio (DPR) is currently -118.45%.

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.