PFA Pension Forsikringsaktieselskab Takes $6.18 Million Position in LyondellBasell Industries N.V. $LYB

PFA Pension Forsikringsaktieselskab acquired a new stake in LyondellBasell Industries N.V. (NYSE:LYB) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 141,532 shares of the specialty chemicals company’s stock, valued at approximately $6,179,000.

Several other hedge funds also recently modified their holdings of LYB. Stance Capital LLC bought a new stake in shares of LyondellBasell Industries in the third quarter valued at approximately $27,000. Quent Capital LLC bought a new stake in shares of LyondellBasell Industries in the third quarter valued at approximately $29,000. ORG Partners LLC boosted its position in shares of LyondellBasell Industries by 960.0% in the fourth quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock valued at $30,000 after acquiring an additional 624 shares during the period. United Community Bank boosted its position in shares of LyondellBasell Industries by 83.2% in the third quarter. United Community Bank now owns 623 shares of the specialty chemicals company’s stock valued at $31,000 after acquiring an additional 283 shares during the period. Finally, Quarry LP bought a new stake in shares of LyondellBasell Industries in the third quarter valued at approximately $31,000. 71.20% of the stock is owned by institutional investors.

Insider Buying and Selling at LyondellBasell Industries

In other news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $68.13, for a total value of $26,199,255.24. Following the completion of the sale, the insider directly owned 5,270,918 shares in the company, valued at approximately $359,107,643.34. This trade represents a 6.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

LYB has been the subject of several research reports. The Goldman Sachs Group reissued a “sell” rating on shares of LyondellBasell Industries in a research report on Monday, February 2nd. Bank of America reissued an “underperform” rating and issued a $55.00 price objective on shares of LyondellBasell Industries in a research report on Monday, April 6th. Citigroup increased their price objective on LyondellBasell Industries from $76.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, April 8th. JPMorgan Chase & Co. raised their target price on LyondellBasell Industries from $50.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, Morgan Stanley raised their target price on LyondellBasell Industries from $52.00 to $77.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, LyondellBasell Industries has a consensus rating of “Hold” and a consensus target price of $74.76.

LyondellBasell Industries Stock Up 1.3%

Shares of NYSE LYB opened at $76.00 on Tuesday. The stock has a market cap of $24.53 billion, a PE ratio of -30.52, a PEG ratio of 0.26 and a beta of 0.32. The business has a fifty day moving average of $70.67 and a two-hundred day moving average of $55.66. LyondellBasell Industries N.V. has a 52-week low of $41.58 and a 52-week high of $83.94. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.54.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.18. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.The company had revenue of $7.20 billion during the quarter, compared to analyst estimates of $7.53 billion. During the same period last year, the company posted $0.33 earnings per share. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, equities research analysts expect that LyondellBasell Industries N.V. will post 5.44 earnings per share for the current fiscal year.

LyondellBasell Industries Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, March 2nd were paid a $0.69 dividend. The ex-dividend date was Monday, March 2nd. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.6%. LyondellBasell Industries’s dividend payout ratio (DPR) is -110.84%.

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.