Hsbc Holdings PLC Reduces Stake in LyondellBasell Industries N.V. $LYB

Hsbc Holdings PLC lessened its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 35.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 124,860 shares of the specialty chemicals company’s stock after selling 67,779 shares during the period. Hsbc Holdings PLC’s holdings in LyondellBasell Industries were worth $5,418,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. SHP Wealth Management purchased a new position in shares of LyondellBasell Industries during the fourth quarter worth $39,000. Virtu Financial LLC lifted its position in LyondellBasell Industries by 212.7% during the fourth quarter. Virtu Financial LLC now owns 93,876 shares of the specialty chemicals company’s stock valued at $4,065,000 after purchasing an additional 63,854 shares during the period. MV Capital Management Inc. purchased a new stake in LyondellBasell Industries in the fourth quarter valued at $52,000. Sunbelt Securities Inc. grew its position in LyondellBasell Industries by 36.7% during the 4th quarter. Sunbelt Securities Inc. now owns 12,112 shares of the specialty chemicals company’s stock worth $524,000 after purchasing an additional 3,250 shares during the period. Finally, White Knight Strategic Wealth Advisors LLC grew its position in LyondellBasell Industries by 20.1% during the 4th quarter. White Knight Strategic Wealth Advisors LLC now owns 5,814 shares of the specialty chemicals company’s stock worth $252,000 after purchasing an additional 973 shares during the period. 71.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LYB has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on LyondellBasell Industries from $75.00 to $80.00 and gave the company a “hold” rating in a report on Tuesday, May 5th. Citigroup decreased their price target on LyondellBasell Industries from $80.00 to $67.00 and set a “buy” rating for the company in a report on Wednesday. Wells Fargo & Company upgraded LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $80.00 to $98.00 in a research report on Thursday, May 28th. Weiss Ratings cut shares of LyondellBasell Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday. Finally, Mizuho lifted their target price on shares of LyondellBasell Industries from $74.00 to $76.00 in a report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $75.94.

LyondellBasell Industries Stock Performance

NYSE:LYB opened at $55.67 on Friday. The company has a market cap of $17.97 billion, a P/E ratio of -22.36, a P/E/G ratio of 0.12 and a beta of 0.28. LyondellBasell Industries N.V. has a twelve month low of $41.58 and a twelve month high of $83.94. The company’s 50-day moving average price is $67.85 and its 200-day moving average price is $61.41. The company has a current ratio of 1.54, a quick ratio of 1.03 and a debt-to-equity ratio of 1.12.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, May 1st. The specialty chemicals company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.18. The firm had revenue of $7.20 billion for 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 was down 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.33 earnings per share. On average, sell-side analysts forecast that LyondellBasell Industries N.V. will post 9.22 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Monday, June 1st were paid a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend was Monday, June 1st. LyondellBasell Industries’s dividend payout ratio is -110.84%.

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.