TT Capital Management LLC Takes $380,000 Position in LyondellBasell Industries N.V. $LYB

TT Capital Management LLC bought a new stake in LyondellBasell Industries N.V. (NYSE:LYB) during the 4th quarter, Holdings Channel reports. The fund bought 8,785 shares of the specialty chemicals company’s stock, valued at approximately $380,000.

Several other hedge funds also recently modified their holdings of the business. Prudential PLC boosted its stake in shares of LyondellBasell Industries by 99.8% in the 4th quarter. Prudential PLC now owns 18,390 shares of the specialty chemicals company’s stock valued at $796,000 after purchasing an additional 9,186 shares during the last quarter. Deseret Mutual Benefit Administrators boosted its stake in shares of LyondellBasell Industries by 9.6% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 5,657 shares of the specialty chemicals company’s stock valued at $245,000 after purchasing an additional 495 shares during the last quarter. Vise Technologies Inc. boosted its stake in shares of LyondellBasell Industries by 15.7% in the 4th quarter. Vise Technologies Inc. now owns 6,640 shares of the specialty chemicals company’s stock valued at $287,000 after purchasing an additional 902 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of LyondellBasell Industries by 2.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 44,498 shares of the specialty chemicals company’s stock valued at $1,927,000 after purchasing an additional 1,180 shares during the last quarter. Finally, State of Wyoming bought a new position in shares of LyondellBasell Industries in the 4th quarter valued at about $92,000. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

Shares of NYSE LYB opened at $66.26 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.54 and a quick ratio of 1.03. The business has a 50-day moving average of $73.02 and a 200-day moving average of $59.79. The stock has a market capitalization of $21.39 billion, a price-to-earnings ratio of -26.61, a PEG ratio of 0.16 and a beta of 0.28. LyondellBasell Industries N.V. has a fifty-two week low of $41.58 and a fifty-two week high of $83.94.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, May 1st. The specialty chemicals company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.31 by $0.18. The company had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $7.53 billion. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 EPS. As a group, sell-side analysts predict that LyondellBasell Industries N.V. will post 8.73 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Monday, June 1st will be issued a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Monday, June 1st. LyondellBasell Industries’s payout ratio is currently -110.84%.

Insider Activity at LyondellBasell Industries

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 shares were sold at an average price of $68.13, for a total value of $26,199,255.24. Following the transaction, the insider directly owned 5,270,918 shares in the company, valued at $359,107,643.34. The trade was a 6.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

LYB has been the topic of several recent research reports. Wolfe Research raised their target price on shares of LyondellBasell Industries from $38.00 to $62.00 and gave the company an “underperform” rating in a research note on Tuesday, April 14th. Evercore raised their target price on shares of LyondellBasell Industries from $70.00 to $73.00 in a research note on Thursday, May 14th. KeyCorp raised shares of LyondellBasell Industries from a “sector weight” rating to an “overweight” rating and set a $73.00 target price on the stock in a research note on Wednesday, March 4th. Jefferies Financial Group raised their target price on shares of LyondellBasell Industries from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, April 16th. Finally, Mizuho lifted their price objective on shares of LyondellBasell Industries from $74.00 to $76.00 in a research note on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $77.24.

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.