AlTi Global Inc. Reduces Stock Position in LyondellBasell Industries N.V. $LYB

AlTi Global Inc. lessened its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 92.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,098 shares of the specialty chemicals company’s stock after selling 40,032 shares during the period. AlTi Global Inc.’s holdings in LyondellBasell Industries were worth $250,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of LYB. Jamison Private Wealth Management Inc. increased its position in shares of LyondellBasell Industries by 1.6% during the 1st quarter. Jamison Private Wealth Management Inc. now owns 10,915 shares of the specialty chemicals company’s stock valued at $879,000 after purchasing an additional 172 shares during the last quarter. Investment Research Partners LLC boosted its holdings in shares of 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 worth $221,000 after buying an additional 214 shares during the last quarter. Rothschild Investment LLC boosted its holdings in shares of LyondellBasell Industries by 3.5% in 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 last quarter. Moors & Cabot Inc. grew its position in LyondellBasell Industries by 5.6% during the third quarter. Moors & Cabot Inc. now owns 5,495 shares of the specialty chemicals company’s stock valued at $269,000 after buying an additional 293 shares during the period. Finally, Vident Advisory LLC increased its holdings in LyondellBasell Industries by 1.1% during the second quarter. Vident Advisory LLC now owns 26,406 shares of the specialty chemicals company’s stock valued at $1,528,000 after buying an additional 297 shares during the last quarter. 71.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on LYB shares. UBS Group dropped their price target on shares of LyondellBasell Industries from $82.00 to $73.00 and set a “neutral” rating on the stock in a research note on Friday, June 5th. Weiss Ratings cut LyondellBasell Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, June 24th. Evercore boosted their price target on LyondellBasell Industries from $70.00 to $73.00 in a report on Thursday, May 14th. Wolfe Research raised 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. Finally, Morgan Stanley lowered their price objective on LyondellBasell Industries from $77.00 to $72.00 and set an “overweight” rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $71.94.

LyondellBasell Industries Price Performance

NYSE:LYB opened at $61.19 on Wednesday. The business’s 50-day simple moving average is $62.40 and its two-hundred day simple moving average is $63.06. LyondellBasell Industries N.V. has a 52 week low of $41.58 and a 52 week high of $83.94. The stock has a market cap of $19.75 billion, a PE ratio of -24.58, a P/E/G ratio of 0.19 and a beta of 0.32. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 1.12.

LyondellBasell Industries (NYSE:LYB) last released 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. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.The firm had revenue of $7.20 billion during the quarter, compared to analyst estimates of $7.53 billion. During the same quarter in the prior year, the company posted $0.33 earnings per share. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, analysts forecast that LyondellBasell Industries N.V. will post 9.07 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Monday, June 1st were paid a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 4.5%. The ex-dividend date was Monday, June 1st. LyondellBasell Industries’s dividend payout ratio is presently -110.84%.

LyondellBasell Industries 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.