LyondellBasell Industries N.V. $LYB Shares Acquired by Sound Income Strategies LLC

Sound Income Strategies LLC lifted its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 10.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 326,328 shares of the specialty chemicals company’s stock after purchasing an additional 29,688 shares during the period. Sound Income Strategies LLC owned approximately 0.10% of LyondellBasell Industries worth $15,556,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MTM Investment Management LLC purchased a new position in LyondellBasell Industries in the second quarter worth approximately $26,000. Parvin Asset Management LLC acquired a new position in shares of LyondellBasell Industries during the 2nd quarter worth about $26,000. Capital A Wealth Management LLC increased its holdings in shares of LyondellBasell Industries by 6,314.3% in the 2nd quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 442 shares during the last quarter. Hilltop National Bank acquired a new position in LyondellBasell Industries in the second quarter valued at approximately $29,000. Finally, EMC Capital Management acquired a new position in LyondellBasell Industries in the second quarter valued at approximately $29,000. 71.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LYB has been the topic of several research reports. Bank of America dropped their price objective on LyondellBasell Industries from $55.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. BMO Capital Markets reaffirmed an “underperform” rating and set a $36.00 price objective (down from $48.00) on shares of LyondellBasell Industries in a research report on Monday, December 15th. Evercore ISI dropped their price objective on shares of LyondellBasell Industries from $65.00 to $57.00 and set an “in-line” rating on the stock in a research note on Tuesday, November 11th. Citigroup dropped their price target on shares of LyondellBasell Industries from $43.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Jefferies Financial Group reduced their price objective on shares of LyondellBasell Industries from $50.00 to $46.00 and set a “hold” rating for the company in a research report on Monday, December 8th. Two equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, LyondellBasell Industries presently has a consensus rating of “Reduce” and a consensus target price of $53.94.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, EVP Kimberly A. Foley bought 5,661 shares of LyondellBasell Industries stock in a transaction that occurred on Wednesday, November 12th. The shares were purchased at an average cost of $43.56 per share, for a total transaction of $246,593.16. Following the completion of the transaction, the executive vice president owned 67,688 shares of the company’s stock, valued at $2,948,489.28. This represents a 9.13% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

LyondellBasell Industries Price Performance

LYB stock opened at $43.13 on Friday. The firm has a 50 day moving average of $45.17 and a 200-day moving average of $52.36. The company has a market cap of $13.88 billion, a price-to-earnings ratio of -11.50 and a beta of 0.71. The company has a current ratio of 1.57, a quick ratio of 0.93 and a debt-to-equity ratio of 1.00. LyondellBasell Industries N.V. has a 12-month low of $41.58 and a 12-month high of $79.39.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.21. LyondellBasell Industries had a positive return on equity of 7.50% and a negative net margin of 3.70%.The firm had revenue of $7.73 billion during the quarter, compared to analysts’ expectations of $7.41 billion. During the same period in the previous year, the firm posted $1.88 earnings per share. LyondellBasell Industries’s revenue was down 10.2% on a year-over-year basis. As a group, equities analysts expect that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, December 1st were paid a dividend of $1.37 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $5.48 annualized dividend and a dividend yield of 12.7%. LyondellBasell Industries’s dividend payout ratio is presently -146.13%.

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.