Highland Capital Management LLC Sells 13,460 Shares of LyondellBasell Industries N.V. $LYB

Highland Capital Management LLC lowered its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 23.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,085 shares of the specialty chemicals company’s stock after selling 13,460 shares during the period. Highland Capital Management LLC’s holdings in LyondellBasell Industries were worth $2,113,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Crews Bank & Trust raised its stake in shares of LyondellBasell Industries by 16.4% in the second quarter. Crews Bank & Trust now owns 1,245 shares of the specialty chemicals company’s stock valued at $72,000 after buying an additional 175 shares during the period. New York Life Investment Management LLC increased its holdings in LyondellBasell Industries by 0.5% in the 2nd quarter. New York Life Investment Management LLC now owns 38,521 shares of the specialty chemicals company’s stock worth $2,229,000 after acquiring an additional 193 shares during the last quarter. Central Pacific Bank Trust Division raised its stake in LyondellBasell Industries by 4.3% in the 2nd quarter. Central Pacific Bank Trust Division now owns 4,830 shares of the specialty chemicals company’s stock valued at $279,000 after acquiring an additional 200 shares during the period. State of Michigan Retirement System lifted its holdings in LyondellBasell Industries by 0.3% during the second quarter. State of Michigan Retirement System now owns 78,165 shares of the specialty chemicals company’s stock valued at $4,523,000 after purchasing an additional 200 shares during the last quarter. Finally, Cooper Financial Group boosted its position in LyondellBasell Industries by 4.3% during the third quarter. Cooper Financial Group now owns 5,146 shares of the specialty chemicals company’s stock worth $252,000 after purchasing an additional 211 shares during the period. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Trading Up 0.9%

Shares of LYB stock opened at $43.27 on Friday. The company has a market capitalization of $13.93 billion, a PE ratio of -11.54 and a beta of 0.71. LyondellBasell Industries N.V. has a 52-week low of $41.58 and a 52-week high of $79.39. The business’s fifty day moving average is $44.84 and its 200 day moving average is $51.91. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.93 and a current ratio of 1.57.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $7.73 billion for the quarter, compared to analyst estimates of $7.41 billion. The company’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.88 EPS. On average, equities research analysts anticipate that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, December 1st were paid a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a yield of 12.7%. The ex-dividend date of this dividend was Monday, December 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is currently -146.13%.

Insider Buying and Selling

In related news, EVP Kimberly A. Foley purchased 5,661 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were purchased at an average price of $43.56 per share, with a total value of $246,593.16. Following the acquisition, the executive vice president directly owned 67,688 shares of the company’s stock, valued at approximately $2,948,489.28. This represents a 9.13% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on LYB. JPMorgan Chase & Co. lowered their price target on shares of LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. Fermium Researc cut shares of LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 3rd. UBS Group dropped their target price on LyondellBasell Industries from $41.00 to $38.00 and set a “sell” rating on the stock in a research report on Tuesday. Evercore ISI reduced their price target on LyondellBasell Industries from $65.00 to $57.00 and set an “in-line” rating for the company in a research report on Tuesday, November 11th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating on the stock in a report on Wednesday, October 1st. Two equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, LyondellBasell Industries presently has a consensus rating of “Reduce” and an average price target of $53.65.

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.