Steadtrust LLC Purchases 27,980 Shares of LyondellBasell Industries N.V. $LYB

Steadtrust LLC boosted its position in LyondellBasell Industries N.V. (NYSE:LYB) by 269.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 38,380 shares of the specialty chemicals company’s stock after purchasing an additional 27,980 shares during the period. LyondellBasell Industries comprises 1.0% of Steadtrust LLC’s investment portfolio, making the stock its 26th biggest position. Steadtrust LLC’s holdings in LyondellBasell Industries were worth $1,662,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in LyondellBasell Industries by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 30,965,458 shares of the specialty chemicals company’s stock worth $1,518,546,000 after purchasing an additional 84,251 shares in the last quarter. State Street Corp grew its position in LyondellBasell Industries by 2.1% in the 3rd quarter. State Street Corp now owns 13,182,950 shares of the specialty chemicals company’s stock worth $646,492,000 after purchasing an additional 267,799 shares in the last quarter. Capital World Investors grew its position in LyondellBasell Industries by 13.1% in the 3rd quarter. Capital World Investors now owns 9,807,743 shares of the specialty chemicals company’s stock worth $480,972,000 after purchasing an additional 1,135,258 shares in the last quarter. Capital Research Global Investors grew its position in LyondellBasell Industries by 470.1% in the 3rd quarter. Capital Research Global Investors now owns 4,389,442 shares of the specialty chemicals company’s stock worth $215,258,000 after purchasing an additional 3,619,468 shares in the last quarter. Finally, Capital International Investors grew its position in LyondellBasell Industries by 0.4% in the 3rd quarter. Capital International Investors now owns 2,807,960 shares of the specialty chemicals company’s stock worth $137,702,000 after purchasing an additional 10,349 shares in the last quarter. 71.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on LYB shares. Bank of America reaffirmed an “underperform” rating and issued a $55.00 price objective on shares of LyondellBasell Industries in a research report on Monday. The Goldman Sachs Group reissued a “sell” rating on shares of LyondellBasell Industries in a research report on Monday, February 2nd. Weiss Ratings reissued a “sell (d+)” rating on shares of LyondellBasell Industries in a research report on Thursday, January 22nd. KeyCorp raised shares of LyondellBasell Industries from a “sector weight” rating to an “overweight” rating and set a $73.00 target price for the company in a research report on Wednesday, March 4th. Finally, Wolfe Research reduced their target price on shares of LyondellBasell Industries from $39.00 to $38.00 and set an “underperform” rating for the company in a research report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, thirteen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, LyondellBasell Industries currently has a consensus rating of “Hold” and an average target price of $67.39.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the 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. This represents a 6.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.14% of the stock is owned by corporate insiders.

LyondellBasell Industries Stock Performance

Shares of LYB stock opened at $80.21 on Wednesday. The stock has a market capitalization of $25.84 billion, a P/E ratio of -34.43, a PEG ratio of 0.46 and a beta of 0.40. The company has a current ratio of 1.77, a quick ratio of 1.20 and a debt-to-equity ratio of 1.20. The firm’s 50 day moving average is $64.77 and its 200 day moving average is $52.85. LyondellBasell Industries N.V. has a 12 month low of $41.58 and a 12 month high of $83.94.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Saturday, February 21st. The specialty chemicals company reported ($0.26) EPS for the quarter. LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.93%. The business had revenue of $7.09 billion for the quarter. On average, sell-side 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. Shareholders of record on Monday, March 2nd were paid a $0.69 dividend. The ex-dividend date was Monday, March 2nd. This represents a $2.76 annualized dividend and a yield of 3.4%. LyondellBasell Industries’s dividend payout ratio is currently -118.45%.

LyondellBasell Industries Company 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.