Gradient Investments LLC Acquires New Holdings in LyondellBasell Industries N.V. $LYB

Gradient Investments LLC bought a new stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 288,773 shares of the specialty chemicals company’s stock, valued at approximately $12,504,000. Gradient Investments LLC owned 0.09% of LyondellBasell Industries as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Capital A Wealth Management LLC raised its holdings in shares of LyondellBasell Industries by 6,314.3% during the second quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 442 shares during the last quarter. Parvin Asset Management LLC bought a new position in LyondellBasell Industries in the 2nd quarter worth approximately $26,000. Vermillion & White Wealth Management Group LLC increased its position in LyondellBasell Industries by 97.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 534 shares of the specialty chemicals company’s stock valued at $31,000 after acquiring an additional 264 shares during the period. Stance Capital LLC acquired a new stake in LyondellBasell Industries in the 3rd quarter valued at approximately $27,000. Finally, Quent Capital LLC bought a new stake in LyondellBasell Industries during the 3rd quarter valued at $29,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on LYB shares. Royal Bank Of Canada raised LyondellBasell Industries from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $51.00 to $82.00 in a research note on Monday, March 9th. UBS Group upgraded shares of LyondellBasell Industries from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $42.00 to $73.00 in a research note on Wednesday, March 18th. BMO Capital Markets raised shares of LyondellBasell Industries from an “underperform” rating to a “market perform” rating and upped their price objective for the stock from $38.00 to $68.00 in a report on Thursday, March 5th. Wolfe Research lowered their target price on shares of LyondellBasell Industries from $39.00 to $38.00 and set an “underperform” rating on the stock in a research note on Monday, February 2nd. Finally, Wall Street Zen upgraded shares of LyondellBasell Industries from a “sell” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $65.61.

Insider Activity at LyondellBasell Industries

In related news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the business’s stock in a transaction that occurred 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 sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is owned by insiders.

LyondellBasell Industries Trading Down 2.5%

Shares of LyondellBasell Industries stock opened at $71.49 on Tuesday. The business has a fifty day simple moving average of $58.55 and a 200-day simple moving average of $50.91. LyondellBasell Industries N.V. has a fifty-two week low of $41.58 and a fifty-two week high of $77.36. The firm has a market cap of $23.03 billion, a price-to-earnings ratio of -30.68, a price-to-earnings-growth ratio of 0.42 and a beta of 0.64. The company has a quick ratio of 1.20, a current ratio of 1.77 and a debt-to-equity ratio of 1.20.

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

LyondellBasell Industries Cuts Dividend

The firm also recently disclosed 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 of this dividend was Monday, March 2nd. This represents a $2.76 annualized dividend and a dividend yield of 3.9%. LyondellBasell Industries’s payout ratio is currently -118.45%.

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.