Legal & General Group Plc Has $54.80 Million Position in LyondellBasell Industries N.V. $LYB

Legal & General Group Plc cut its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 21.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,265,491 shares of the specialty chemicals company’s stock after selling 339,332 shares during the quarter. Legal & General Group Plc’s holdings in LyondellBasell Industries were worth $54,796,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of LYB. Capital Research Global Investors boosted its position in shares of LyondellBasell Industries by 470.1% in the third quarter. Capital Research Global Investors now owns 4,389,442 shares of the specialty chemicals company’s stock valued at $215,258,000 after acquiring an additional 3,619,468 shares during the period. Capital World Investors boosted its position in shares of LyondellBasell Industries by 13.1% in the third quarter. Capital World Investors now owns 9,807,743 shares of the specialty chemicals company’s stock valued at $480,972,000 after acquiring an additional 1,135,258 shares during the period. Ameriprise Financial Inc. boosted its position in shares of LyondellBasell Industries by 67.5% in the second quarter. Ameriprise Financial Inc. now owns 1,372,998 shares of the specialty chemicals company’s stock valued at $79,438,000 after acquiring an additional 553,081 shares during the period. Jefferies Financial Group Inc. boosted its position in shares of LyondellBasell Industries by 5,250.7% in the fourth quarter. Jefferies Financial Group Inc. now owns 492,372 shares of the specialty chemicals company’s stock valued at $21,320,000 after acquiring an additional 483,170 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of LyondellBasell Industries by 30.2% in the second quarter. AQR Capital Management LLC now owns 1,607,363 shares of the specialty chemicals company’s stock valued at $92,632,000 after acquiring an additional 372,817 shares during the period. 71.20% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the company’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 sale, the insider directly owned 5,270,918 shares in the company, valued at $359,107,643.34. This represents a 6.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.14% of the stock is owned by company insiders.

Analyst Ratings Changes

LYB has been the subject of several research reports. Evercore increased their price objective on LyondellBasell Industries from $70.00 to $73.00 in a research report on Thursday, May 14th. 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 reduced their price objective on LyondellBasell Industries from $90.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday. Wells Fargo & Company raised LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $80.00 to $98.00 in a research report on Thursday. Finally, Mizuho increased their price objective on LyondellBasell Industries from $74.00 to $76.00 in a research report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, LyondellBasell Industries currently has an average rating of “Hold” and an average target price of $77.24.

LyondellBasell Industries Stock Performance

Shares of NYSE:LYB opened at $66.49 on Friday. The business’s fifty day moving average price is $73.57 and its two-hundred day moving average price is $59.04. LyondellBasell Industries N.V. has a fifty-two week low of $41.58 and a fifty-two week high of $83.94. The stock has a market capitalization of $21.46 billion, a price-to-earnings ratio of -26.70, a price-to-earnings-growth ratio of 0.16 and a beta of 0.32. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.54 and a quick ratio of 1.03.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly 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 firm had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $7.53 billion. During the same period in the prior year, the business posted $0.33 earnings per share. The business’s revenue was down 6.3% compared to the same quarter last year. As a group, analysts predict that LyondellBasell Industries N.V. will post 8.73 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Monday, June 1st will be given a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Monday, June 1st. LyondellBasell Industries’s dividend payout ratio 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.