Rockefeller Capital Management L.P. Lowers Stock Position in LyondellBasell Industries N.V. $LYB

Rockefeller Capital Management L.P. trimmed its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 20.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,895 shares of the specialty chemicals company’s stock after selling 10,927 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in LyondellBasell Industries were worth $1,814,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Investment Research Partners LLC increased its stake in LyondellBasell Industries by 4.4% in the fourth quarter. Investment Research Partners LLC now owns 5,100 shares of the specialty chemicals company’s stock valued at $221,000 after purchasing an additional 214 shares during the period. Rothschild Investment LLC boosted its stake in shares of LyondellBasell Industries by 3.5% during the fourth 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. grew its holdings in shares of LyondellBasell Industries by 5.6% during the third 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 last quarter. Vident Advisory LLC increased its position in LyondellBasell Industries by 1.1% in the 2nd quarter. Vident Advisory LLC now owns 26,406 shares of the specialty chemicals company’s stock valued at $1,528,000 after acquiring an additional 297 shares during the period. Finally, VSM Wealth Advisory LLC increased its position in LyondellBasell Industries by 33.3% in the 3rd quarter. VSM Wealth Advisory LLC now owns 1,200 shares of the specialty chemicals company’s stock valued at $59,000 after acquiring an additional 300 shares during the period. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Stock Down 1.7%

LYB opened at $52.72 on Wednesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.54 and a quick ratio of 1.03. The business has a 50 day simple moving average of $67.14 and a 200-day simple moving average of $61.68. The stock has a market capitalization of $17.02 billion, a P/E ratio of -21.17, a P/E/G ratio of 0.12 and a beta of 0.28. LyondellBasell Industries N.V. has a 12 month low of $41.58 and a 12 month high of $83.94.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data 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 firm 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%.LyondellBasell Industries’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.33 earnings per share. On average, equities analysts anticipate that LyondellBasell Industries N.V. will post 9.22 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Monday, June 1st were paid a dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.76 dividend on an annualized basis and a dividend yield of 5.2%. LyondellBasell Industries’s dividend payout ratio is -110.84%.

Analyst Ratings Changes

LYB has been the subject of a number of recent research reports. Alembic Global Advisors raised LyondellBasell Industries from a “neutral” rating to an “overweight” rating in a research report on Thursday, April 9th. Evercore upped their price target on LyondellBasell Industries from $70.00 to $73.00 in a research note on Thursday, May 14th. KeyCorp raised 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. BMO Capital Markets lifted their price objective on shares of 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, Citigroup cut their price objective on shares of LyondellBasell Industries from $80.00 to $67.00 and set a “buy” rating for the company in a research report on Wednesday, June 24th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, LyondellBasell Industries has a consensus rating of “Hold” and a consensus target price of $75.53.

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.