Hsbc Holdings PLC Trims Stake in LyondellBasell Industries N.V. $LYB

Hsbc Holdings PLC cut its position in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 35.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 124,860 shares of the specialty chemicals company’s stock after selling 67,779 shares during the period. Hsbc Holdings PLC’s holdings in LyondellBasell Industries were worth $5,418,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in LYB. Stance Capital LLC bought a new stake in shares of LyondellBasell Industries in the third quarter valued at about $27,000. Clearstead Advisors LLC grew its holdings in LyondellBasell Industries by 140.3% during the 4th quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company’s stock worth $29,000 after acquiring an additional 390 shares in the last quarter. ORG Partners LLC increased its position in LyondellBasell Industries by 960.0% during the 4th quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock valued at $30,000 after purchasing an additional 624 shares during the period. Quarry LP bought a new stake in shares of LyondellBasell Industries in the 3rd quarter valued at about $31,000. Finally, Key Capital Management INC bought a new stake in shares of LyondellBasell Industries in the 4th quarter valued at about $34,000. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Down 0.3%

LYB stock opened at $55.67 on Friday. The stock has a market capitalization of $17.97 billion, a PE ratio of -22.36, a price-to-earnings-growth ratio of 0.12 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 $67.85 and a 200 day moving average of $61.41.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.18. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The business had revenue of $7.20 billion for the quarter, compared to analyst estimates of $7.53 billion. During the same quarter in the prior year, the business posted $0.33 EPS. LyondellBasell Industries’s revenue for the quarter was down 6.3% compared to the same quarter last year. Sell-side analysts forecast that LyondellBasell Industries N.V. will post 9.22 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Monday, June 1st were given a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend was Monday, June 1st. LyondellBasell Industries’s dividend payout ratio is presently -110.84%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Weiss Ratings lowered LyondellBasell Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday. Alembic Global Advisors raised LyondellBasell Industries from a “neutral” rating to an “overweight” rating in a research report on Thursday, April 9th. Wolfe Research upped their price objective on LyondellBasell Industries from $38.00 to $62.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 14th. BMO Capital Markets raised their price objective on LyondellBasell Industries from $82.00 to $88.00 and gave the company a “market perform” rating in a research report on Tuesday, May 5th. Finally, Wall Street Zen lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, LyondellBasell Industries presently has a consensus rating of “Hold” and an average price target of $75.94.

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.