Allstate Corp Has $777,000 Position in LyondellBasell Industries N.V. $LYB

Allstate Corp increased its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 94.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,934 shares of the specialty chemicals company’s stock after acquiring an additional 8,720 shares during the period. Allstate Corp’s holdings in LyondellBasell Industries were worth $777,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in LyondellBasell Industries by 0.3% during the third quarter. Vanguard Group Inc. now owns 30,965,458 shares of the specialty chemicals company’s stock worth $1,518,546,000 after acquiring an additional 84,251 shares in the last quarter. State Street Corp raised its holdings in LyondellBasell Industries by 2.1% during the third quarter. State Street Corp now owns 13,182,950 shares of the specialty chemicals company’s stock worth $646,492,000 after acquiring an additional 267,799 shares in the last quarter. Capital World Investors raised its holdings in LyondellBasell Industries by 13.1% during the third 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. Capital Research Global Investors raised its holdings in LyondellBasell Industries by 470.1% during the third 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 in the last quarter. Finally, Capital International Investors raised its holdings in LyondellBasell Industries by 0.4% during the third quarter. Capital International Investors now owns 2,807,960 shares of the specialty chemicals company’s stock worth $137,702,000 after acquiring an additional 10,349 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

LYB has been the topic of several analyst reports. The Goldman Sachs Group upped their target price on LyondellBasell Industries from $51.00 to $75.00 and gave the stock a “sell” rating in a report on Monday, May 4th. Jefferies Financial Group upped their price objective on LyondellBasell Industries from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, April 16th. Vertical Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Monday, March 9th. Fermium Researc upgraded LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 9th. Finally, Wall Street Zen upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, LyondellBasell Industries presently has an average rating of “Hold” and an average target price of $77.24.

Insider Transactions at LyondellBasell Industries

In related 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 sale, the insider owned 5,270,918 shares of the company’s stock, valued at $359,107,643.34. This represents a 6.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.14% of the stock is owned by corporate insiders.

LyondellBasell Industries Price Performance

Shares of NYSE LYB opened at $66.49 on Friday. The firm has a market cap of $21.46 billion, a P/E ratio of -26.70, a price-to-earnings-growth ratio of 0.15 and a beta of 0.32. The company has a current ratio of 1.54, a quick ratio of 1.03 and a debt-to-equity ratio of 1.12. LyondellBasell Industries N.V. has a 1-year low of $41.58 and a 1-year high of $83.94. The business’s 50 day moving average is $73.57 and its 200-day moving average is $59.04.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.18. The company had revenue of $7.20 billion for the quarter, compared to analyst estimates of $7.53 billion. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 earnings per share. Equities research analysts predict that LyondellBasell Industries N.V. will post 8.73 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Monday, June 1st will be given a dividend of $0.69 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.76 dividend on an annualized basis and a yield of 4.2%. LyondellBasell Industries’s dividend payout ratio is currently -110.84%.

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.