LyondellBasell Industries N.V. $LYB Shares Purchased by Old North State Wealth Management LLC

Old North State Wealth Management LLC raised its position in LyondellBasell Industries N.V. (NYSE:LYB) by 72.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,669 shares of the specialty chemicals company’s stock after acquiring an additional 32,992 shares during the quarter. LyondellBasell Industries makes up about 1.8% of Old North State Wealth Management LLC’s holdings, making the stock its 20th biggest holding. Old North State Wealth Management LLC’s holdings in LyondellBasell Industries were worth $3,861,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of LYB. Bank of Montreal Can lifted its holdings in shares of LyondellBasell Industries by 2.4% in the 2nd quarter. Bank of Montreal Can now owns 651,236 shares of the specialty chemicals company’s stock valued at $37,681,000 after purchasing an additional 15,264 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in LyondellBasell Industries by 62.2% during the second quarter. Rockefeller Capital Management L.P. now owns 42,321 shares of the specialty chemicals company’s stock worth $2,583,000 after buying an additional 16,234 shares during the period. Kingsview Wealth Management LLC lifted its stake in LyondellBasell Industries by 375.1% in the second quarter. Kingsview Wealth Management LLC now owns 18,007 shares of the specialty chemicals company’s stock valued at $1,042,000 after buying an additional 14,217 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC boosted its holdings in shares of LyondellBasell Industries by 69.1% in the second quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 249,852 shares of the specialty chemicals company’s stock valued at $14,456,000 after acquiring an additional 102,140 shares during the period. Finally, Norges Bank acquired a new position in shares of LyondellBasell Industries in the 2nd quarter valued at $280,000,000. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock opened at $43.27 on Monday. The company 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 one year low of $41.58 and a one year high of $79.39. The business has a fifty day moving average of $44.84 and a two-hundred day moving average of $51.79. 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 quarterly earnings data on Friday, October 31st. The specialty chemicals company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.80 by $0.21. LyondellBasell Industries had a negative net margin of 3.70% and a positive return on equity of 7.50%. The firm had revenue of $7.73 billion during the quarter, compared to analysts’ expectations of $7.41 billion. During the same quarter last year, the business earned $1.88 earnings per share. The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. As a group, analysts predict that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

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 $1.37 dividend. This represents a $5.48 annualized dividend 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 presently -146.13%.

Analyst Upgrades and Downgrades

A number of research firms have commented on LYB. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating on the stock in a research note on Wednesday, October 1st. Citigroup dropped their target price on LyondellBasell Industries from $43.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, December 18th. Rothschild & Co Redburn cut their price target on LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, September 12th. UBS Group lowered their price objective on shares of LyondellBasell Industries from $41.00 to $38.00 and set a “sell” rating on the stock in a research report on Tuesday, December 23rd. Finally, Bank of America reduced their target price on shares of LyondellBasell Industries from $55.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Two analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $53.65.

Insider Buying and Selling

In other news, EVP Kimberly A. Foley bought 5,661 shares of the stock in a transaction on Wednesday, November 12th. The shares were bought at an average price of $43.56 per share, with a total value of $246,593.16. Following the completion of the acquisition, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.14% of the company’s stock.

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.