Twelve Points Wealth Management LLC Lowers Stock Holdings in LyondellBasell Industries N.V. $LYB

Twelve Points Wealth Management LLC cut its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 53.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,725 shares of the specialty chemicals company’s stock after selling 27,595 shares during the quarter. Twelve Points Wealth Management LLC’s holdings in LyondellBasell Industries were worth $1,163,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Crews Bank & Trust grew its holdings 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 purchasing an additional 175 shares during the period. New York Life Investment Management LLC lifted its stake in LyondellBasell Industries by 0.5% in the second quarter. New York Life Investment Management LLC now owns 38,521 shares of the specialty chemicals company’s stock valued at $2,229,000 after buying an additional 193 shares during the last quarter. Central Pacific Bank Trust Division boosted its stake in LyondellBasell Industries by 4.3% during the 2nd quarter. Central Pacific Bank Trust Division now owns 4,830 shares of the specialty chemicals company’s stock worth $279,000 after purchasing an additional 200 shares during the period. State of Michigan Retirement System boosted its stake in shares of 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 worth $4,523,000 after buying an additional 200 shares during the period. Finally, Cooper Financial Group grew its holdings in shares of 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 buying an additional 211 shares during the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LYB. Wells Fargo & Company reissued an “equal weight” rating and set a $45.00 target price (down from $55.00) on shares of LyondellBasell Industries in a research note on Friday, December 19th. JPMorgan Chase & Co. reduced their target price on LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, November 3rd. Citigroup decreased their target price on shares of LyondellBasell Industries from $43.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday, December 18th. Bank of America cut their price target on shares of LyondellBasell Industries from $55.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, October 14th. Finally, Evercore ISI decreased 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 report on Tuesday, November 11th. Two 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 company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $53.65.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock opened at $45.54 on Tuesday. The firm has a market capitalization of $14.66 billion, a PE ratio of -12.14 and a beta of 0.70. LyondellBasell Industries N.V. has a 52 week low of $41.58 and a 52 week high of $79.39. The firm’s 50-day simple moving average is $44.52 and its 200 day simple moving average is $51.12. 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 announced its earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.21. The company had revenue of $7.73 billion during the quarter, compared to analysts’ expectations of $7.41 billion. LyondellBasell Industries had a negative net margin of 3.70% and a positive return on equity of 7.50%. The firm’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.88 earnings per share. On average, equities research analysts predict that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, December 1st were issued a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a dividend yield of 12.0%. The ex-dividend date of this dividend was Monday, December 1st. LyondellBasell Industries’s payout ratio is -146.13%.

LyondellBasell Industries 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.