12,400 Shares in LyondellBasell Industries N.V. $LYB Acquired by Board of the Pension Protection Fund

Board of the Pension Protection Fund acquired a new stake in LyondellBasell Industries N.V. (NYSE:LYB) during the 4th quarter, HoldingsChannel reports. The firm acquired 12,400 shares of the specialty chemicals company’s stock, valued at approximately $537,000.

A number of other institutional investors also recently modified their holdings of LYB. Norges Bank acquired a new position in shares of LyondellBasell Industries in the second quarter worth $280,000,000. Soundwatch Capital LLC acquired a new stake in LyondellBasell Industries during the second quarter valued at $268,123,000. Capital Research Global Investors grew its stake in 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 purchasing an additional 3,619,468 shares in the last quarter. Capital World Investors lifted its holdings in shares of LyondellBasell Industries by 13.1% during the 3rd quarter. Capital World Investors now owns 9,807,743 shares of the specialty chemicals company’s stock valued at $480,972,000 after buying an additional 1,135,258 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of LyondellBasell Industries by 67.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,372,998 shares of the specialty chemicals company’s stock valued at $79,438,000 after buying an additional 553,081 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of LyondellBasell Industries from $48.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, March 13th. UBS Group raised shares of LyondellBasell Industries from a “sell” rating to a “neutral” rating and increased their target price for the stock from $42.00 to $73.00 in a research report on Wednesday. Zacks Research upgraded LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 2nd. BMO Capital Markets raised LyondellBasell Industries from an “underperform” rating to a “market perform” rating and boosted their price target for the stock from $38.00 to $68.00 in a research report on Thursday, March 5th. Finally, Bank of America decreased their price target on LyondellBasell Industries from $52.00 to $46.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $64.44.

Insider Buying and Selling at LyondellBasell Industries

In related news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $68.13, for a total transaction of $26,199,255.24. Following the completion of the sale, the insider owned 5,270,918 shares in the company, valued at $359,107,643.34. This trade represents a 6.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.14% of the company’s stock.

LyondellBasell Industries Stock Performance

NYSE:LYB opened at $74.66 on Friday. The firm’s 50-day moving average is $57.59 and its 200-day moving average is $50.73. The company has a market cap of $24.05 billion, a price-to-earnings ratio of -32.04, a PEG ratio of 0.64 and a beta of 0.64. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.20 and a current ratio of 1.77. LyondellBasell Industries N.V. has a 52-week low of $41.58 and a 52-week high of $77.36.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.44). The firm had revenue of $7.09 billion during the quarter, compared to analyst estimates of $6.82 billion. LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.93%. The business’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 earnings per share. Equities research analysts anticipate that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Cuts Dividend

The company 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. This represents a $2.76 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Monday, March 2nd. LyondellBasell Industries’s payout ratio is currently -118.45%.

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.