Hourglass Capital LLC Sells 21,330 Shares of LyondellBasell Industries N.V. $LYB

Hourglass Capital LLC cut its position in LyondellBasell Industries N.V. (NYSE:LYB) by 17.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 101,543 shares of the specialty chemicals company’s stock after selling 21,330 shares during the period. Hourglass Capital LLC’s holdings in LyondellBasell Industries were worth $4,397,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Capital A Wealth Management LLC boosted its holdings in shares of LyondellBasell Industries by 6,314.3% in the 2nd quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 442 shares in the last quarter. Parvin Asset Management LLC acquired a new stake in LyondellBasell Industries during the 2nd quarter valued at $26,000. Stance Capital LLC bought a new position in LyondellBasell Industries in the 3rd quarter valued at $27,000. Quent Capital LLC acquired a new position in LyondellBasell Industries in the third quarter worth $29,000. Finally, United Community Bank boosted its stake in LyondellBasell Industries by 83.2% in the third quarter. United Community Bank now owns 623 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 283 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock opened at $80.59 on Friday. The business’s 50-day simple moving average is $60.73 and its 200 day simple moving average is $51.60. The company has a quick ratio of 1.20, a current ratio of 1.77 and a debt-to-equity ratio of 1.20. The stock has a market cap of $25.96 billion, a price-to-earnings ratio of -34.59, a P/E/G ratio of 0.45 and a beta of 0.64. LyondellBasell Industries N.V. has a 12-month low of $41.58 and a 12-month high of $81.26.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Saturday, February 21st. The specialty chemicals company reported ($0.26) earnings per share for the quarter. The firm had revenue of $7.09 billion for the quarter. LyondellBasell Industries had a positive return on equity of 4.93% and a negative net margin of 2.46%. As a group, research analysts anticipate that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Monday, March 2nd were paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, March 2nd. LyondellBasell Industries’s payout ratio is -118.45%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LYB. KeyCorp upgraded LyondellBasell Industries from a “sector weight” rating to an “overweight” rating and set a $73.00 target price for the company in a research note on Wednesday, March 4th. The Goldman Sachs Group reiterated a “sell” rating on shares of LyondellBasell Industries in a research report on Monday, February 2nd. UBS Group upgraded shares of LyondellBasell Industries from a “sell” rating to a “neutral” rating and raised their price objective for the company from $42.00 to $73.00 in a research report on Wednesday, March 18th. Fermium Researc raised shares of LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 9th. Finally, BMO Capital Markets raised shares of LyondellBasell Industries from an “underperform” rating to a “market perform” rating and increased their price target for the company from $38.00 to $68.00 in a research note on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $65.61.

Insiders Place Their Bets

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the firm’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 transaction, the insider directly owned 5,270,918 shares of the company’s stock, valued at approximately $359,107,643.34. This trade represents a 6.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is owned by corporate insiders.

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.