Bank of New York Mellon Corp Sells 38,234 Shares of LyondellBasell Industries N.V. $LYB

Bank of New York Mellon Corp trimmed its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,585,642 shares of the specialty chemicals company’s stock after selling 38,234 shares during the quarter. Bank of New York Mellon Corp’s holdings in LyondellBasell Industries were worth $68,658,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of LYB. Rothschild Investment LLC lifted its holdings in LyondellBasell Industries by 3.5% during the 4th quarter. Rothschild Investment LLC now owns 8,025 shares of the specialty chemicals company’s stock worth $347,000 after buying an additional 272 shares during the period. Moors & Cabot Inc. lifted its holdings in LyondellBasell Industries by 5.6% during the 3rd quarter. Moors & Cabot Inc. now owns 5,495 shares of the specialty chemicals company’s stock worth $269,000 after buying an additional 293 shares during the period. Vident Advisory LLC lifted its holdings in LyondellBasell Industries by 1.1% during the 2nd quarter. Vident Advisory LLC now owns 26,406 shares of the specialty chemicals company’s stock worth $1,528,000 after buying an additional 297 shares during the period. VSM Wealth Advisory LLC lifted its holdings in LyondellBasell Industries by 33.3% during the 3rd quarter. VSM Wealth Advisory LLC now owns 1,200 shares of the specialty chemicals company’s stock worth $59,000 after buying an additional 300 shares during the period. Finally, Ancora Advisors LLC increased its position in LyondellBasell Industries by 2.7% during the 3rd quarter. Ancora Advisors LLC now owns 11,497 shares of the specialty chemicals company’s stock valued at $564,000 after purchasing an additional 305 shares during the period. Institutional investors own 71.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LYB. Wolfe Research raised their price target on shares of LyondellBasell Industries from $38.00 to $62.00 and gave the stock an “underperform” rating in a report on Tuesday, April 14th. Jefferies Financial Group raised their price target on shares of LyondellBasell Industries from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, April 16th. Morgan Stanley raised their price target on shares of LyondellBasell Industries from $52.00 to $77.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. KeyCorp upgraded shares of LyondellBasell Industries from a “sector weight” rating to an “overweight” rating and set a $73.00 price target for the company in a report on Wednesday, March 4th. Finally, Vertical Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Monday, March 9th. Two 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 issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $76.71.

LyondellBasell Industries Stock Performance

Shares of LYB stock opened at $63.53 on Wednesday. The company has a market cap of $20.51 billion, a price-to-earnings ratio of -25.51, a price-to-earnings-growth ratio of 0.15 and a beta of 0.28. LyondellBasell Industries N.V. has a 52 week low of $41.58 and a 52 week high of $83.94. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 1.12. The firm has a 50 day moving average of $72.17 and a 200-day moving average of $60.23.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, May 1st. The specialty chemicals company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.31 by $0.18. The company had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $7.53 billion. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The company’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 EPS. On average, equities analysts forecast that LyondellBasell Industries N.V. will post 8.73 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Monday, June 1st were given a dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.76 annualized dividend and a dividend yield of 4.3%. LyondellBasell Industries’s dividend payout ratio (DPR) is -110.84%.

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.