Pacer Advisors Inc. Sells 1,888,033 Shares of LyondellBasell Industries N.V. $LYB

Pacer Advisors Inc. trimmed its position in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 98.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,562 shares of the specialty chemicals company’s stock after selling 1,888,033 shares during the quarter. Pacer Advisors Inc.’s holdings in LyondellBasell Industries were worth $1,401,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. MTM Investment Management LLC bought a new position in LyondellBasell Industries during the second quarter worth about $26,000. Parvin Asset Management LLC bought a new stake in shares of LyondellBasell Industries in the second quarter worth about $26,000. Capital A Wealth Management LLC raised its position in shares of LyondellBasell Industries by 6,314.3% during the second quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 442 shares during the period. Hilltop National Bank bought a new position in shares of LyondellBasell Industries during the 2nd quarter valued at about $29,000. Finally, EMC Capital Management acquired a new position in shares of LyondellBasell Industries in the 2nd quarter valued at approximately $29,000. Institutional investors own 71.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. UBS Group dropped their target price on shares of LyondellBasell Industries from $41.00 to $38.00 and set a “sell” rating on the stock in a report on Tuesday, December 23rd. Bank of America cut their price objective on shares of LyondellBasell Industries from $55.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Mizuho reduced their target price on shares of LyondellBasell Industries from $52.00 to $49.00 and set a “neutral” rating for the company in a research note on Thursday, December 11th. Wall Street Zen downgraded LyondellBasell Industries from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Finally, Citigroup reduced their price objective on LyondellBasell Industries from $43.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, December 18th. Two 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 stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $53.65.

LyondellBasell Industries Trading Down 0.9%

Shares of NYSE:LYB opened at $43.28 on Friday. The company’s 50-day moving average price is $44.66 and its two-hundred day moving average price is $51.44. LyondellBasell Industries N.V. has a one year low of $41.58 and a one year high of $79.39. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.57 and a quick ratio of 0.93. The stock has a market capitalization of $13.93 billion, a PE ratio of -11.54 and a beta of 0.70.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share for the quarter, beating 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 company had revenue of $7.73 billion during the quarter, compared to analysts’ expectations of $7.41 billion. During the same quarter last year, the company earned $1.88 EPS. LyondellBasell Industries’s revenue for the quarter was down 10.2% compared to the same quarter last year. On average, equities analysts forecast that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 12.7%. LyondellBasell Industries’s payout ratio is -146.13%.

Insider Activity

In related news, EVP Kimberly A. Foley acquired 5,661 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was bought at an average price of $43.56 per share, with a total value of $246,593.16. Following the acquisition, the executive vice president owned 67,688 shares in the company, valued at $2,948,489.28. This represents a 9.13% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is currently owned by corporate insiders.

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.