Kempner Capital Management Inc. Sells 21,550 Shares of LyondellBasell Industries N.V. $LYB

Kempner Capital Management Inc. lessened its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 45.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,722 shares of the specialty chemicals company’s stock after selling 21,550 shares during the period. Kempner Capital Management Inc.’s holdings in LyondellBasell Industries were worth $1,261,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in LYB. Kestra Advisory Services LLC raised its position in shares of LyondellBasell Industries by 12.5% during the 1st quarter. Kestra Advisory Services LLC now owns 15,101 shares of the specialty chemicals company’s stock valued at $1,063,000 after buying an additional 1,680 shares in the last quarter. Jump Financial LLC lifted its stake in shares of LyondellBasell Industries by 59.0% in the 1st quarter. Jump Financial LLC now owns 15,167 shares of the specialty chemicals company’s stock valued at $1,068,000 after purchasing an additional 5,627 shares during the last quarter. Ieq Capital LLC boosted its holdings in shares of LyondellBasell Industries by 124.3% in the 1st quarter. Ieq Capital LLC now owns 46,939 shares of the specialty chemicals company’s stock worth $3,305,000 after purchasing an additional 26,014 shares during the period. Truvestments Capital LLC increased its position in shares of LyondellBasell Industries by 185.3% during the 1st quarter. Truvestments Capital LLC now owns 699 shares of the specialty chemicals company’s stock valued at $49,000 after purchasing an additional 454 shares during the last quarter. Finally, Eisler Capital Management Ltd. raised its holdings in LyondellBasell Industries by 11.4% during the 1st quarter. Eisler Capital Management Ltd. now owns 4,666 shares of the specialty chemicals company’s stock valued at $328,000 after buying an additional 476 shares during the period. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Up 0.9%

Shares of NYSE:LYB opened at $43.27 on Friday. The business’s 50 day moving average is $44.84 and its 200 day moving average is $51.91. The stock has a market cap of $13.93 billion, a P/E 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 company has a quick ratio of 0.93, a current ratio of 1.57 and a debt-to-equity ratio of 1.00.

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

LyondellBasell Industries Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. cut their price objective 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. Zacks Research raised shares of LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. Evercore ISI dropped their target price 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. Rothschild & Co Redburn reduced their price target on LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, September 12th. Finally, Bank of America dropped their price objective on LyondellBasell Industries from $55.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, LyondellBasell Industries has an average rating of “Reduce” and a consensus price target of $53.65.

Insider Activity at LyondellBasell Industries

In other LyondellBasell Industries news, EVP Kimberly A. Foley purchased 5,661 shares of the stock in a transaction dated Wednesday, November 12th. The stock was purchased at an average price of $43.56 per share, with a total value of $246,593.16. Following the transaction, the executive vice president owned 67,688 shares of the company’s stock, valued at approximately $2,948,489.28. This trade represents a 9.13% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.14% of the company’s stock.

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.