National Pension Service Has $8.42 Million Holdings in LyondellBasell Industries N.V. $LYB

National Pension Service lessened its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 66.3% in the 4th quarter, Holdings Channel reports. The firm owned 194,445 shares of the specialty chemicals company’s stock after selling 382,924 shares during the quarter. National Pension Service’s holdings in LyondellBasell Industries were worth $8,419,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Stance Capital LLC acquired a new stake in shares of LyondellBasell Industries in the 3rd quarter valued at $27,000. United Community Bank lifted its stake in shares of LyondellBasell Industries by 83.2% in the 3rd quarter. United Community Bank now owns 623 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 283 shares during the last quarter. Quarry LP acquired a new stake in shares of LyondellBasell Industries in the 3rd quarter valued at $31,000. Clearstead Advisors LLC lifted its stake in shares of LyondellBasell Industries by 140.3% in the 4th quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 390 shares during the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of LyondellBasell Industries in the 2nd quarter valued at $39,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. 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. JPMorgan Chase & Co. boosted their target price on shares of LyondellBasell Industries from $50.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Morgan Stanley boosted their target price on shares of LyondellBasell Industries from $52.00 to $77.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Bank of America reissued an “underperform” rating and set a $55.00 target price on shares of LyondellBasell Industries in a research report on Monday, April 6th. Finally, Weiss Ratings raised shares of LyondellBasell Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, May 19th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $77.24.

LyondellBasell Industries Stock Up 0.7%

Shares of LYB opened at $67.14 on Tuesday. The firm has a market capitalization of $21.67 billion, a P/E ratio of -26.97, a P/E/G ratio of 0.15 and a beta of 0.28. The company has a 50-day simple moving average of $73.42 and a 200-day simple moving average of $59.32. LyondellBasell Industries N.V. has a 52 week low of $41.58 and a 52 week high of $83.94. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.54.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.18. The business had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $7.53 billion. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 earnings per share. On average, equities research analysts expect that LyondellBasell Industries N.V. will post 8.73 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Monday, June 1st will be paid a $0.69 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.76 dividend on an annualized basis and a yield of 4.1%. LyondellBasell Industries’s payout ratio is presently -110.84%.

Insiders Place Their Bets

In related news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the company’s stock in a transaction dated 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 owned 5,270,918 shares of the company’s stock, valued at $359,107,643.34. The trade was a 6.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.14% of the stock is currently owned by 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.