Keybank National Association OH Reduces Stock Position in LyondellBasell Industries N.V. $LYB

Keybank National Association OH lessened its position in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 86.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,752 shares of the specialty chemicals company’s stock after selling 44,357 shares during the period. Keybank National Association OH’s holdings in LyondellBasell Industries were worth $292,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Investment Advisory Services LLC increased its holdings in LyondellBasell Industries by 2.5% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 9,345 shares of the specialty chemicals company’s stock worth $458,000 after acquiring an additional 226 shares during the period. Concurrent Investment Advisors LLC raised its position in shares of LyondellBasell Industries by 2.2% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 13,090 shares of the specialty chemicals company’s stock valued at $642,000 after buying an additional 282 shares in the last quarter. United Community Bank raised its position in shares of LyondellBasell Industries by 83.2% during the 3rd quarter. United Community Bank now owns 623 shares of the specialty chemicals company’s stock valued at $31,000 after buying an additional 283 shares in the last quarter. Moors & Cabot Inc. raised its position in shares of LyondellBasell Industries by 5.6% during the 3rd quarter. Moors & Cabot Inc. now owns 5,495 shares of the specialty chemicals company’s stock valued at $269,000 after buying an additional 293 shares in the last quarter. Finally, Vident Advisory LLC raised its position in shares of LyondellBasell Industries by 1.1% during the 2nd quarter. Vident Advisory LLC now owns 26,406 shares of the specialty chemicals company’s stock valued at $1,528,000 after buying an additional 297 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Jefferies Financial Group raised their price objective on shares of LyondellBasell Industries from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, April 16th. Citigroup raised their price objective on shares of LyondellBasell Industries from $76.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, April 8th. Alembic Global Advisors upgraded shares of LyondellBasell Industries from a “neutral” rating to an “overweight” rating in a research report on Thursday, April 9th. JPMorgan Chase & Co. raised their price objective on shares of LyondellBasell Industries from $50.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Zacks Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $76.59.

LyondellBasell Industries Price Performance

LYB stock opened at $73.58 on Thursday. 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 N.V. has a 52 week low of $41.58 and a 52 week high of $83.94. The firm’s fifty day moving average is $71.43 and its 200 day moving average is $56.07. The firm has a market cap of $23.75 billion, a P/E ratio of -29.55, a P/E/G ratio of 0.20 and a beta of 0.32.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.31 by $0.18. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The company had revenue of $7.20 billion for the quarter, compared to analyst estimates of $7.53 billion. During the same quarter last year, the firm earned $0.33 EPS. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. Research analysts predict that LyondellBasell Industries N.V. will post 7.15 earnings per share for the current year.

LyondellBasell Industries Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Monday, March 2nd were issued a dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $2.76 annualized dividend and a dividend yield of 3.8%. LyondellBasell Industries’s dividend payout ratio (DPR) is currently -110.84%.

Trending Headlines about LyondellBasell Industries

Here are the key news stories impacting LyondellBasell Industries this week:

• Positive Sentiment: UBS raised its price target to $82 from $79 while keeping a “neutral” rating, implying roughly an 11.4% upside vs. the quoted reference price; this reduces downside risk and supports near-term upside. UBS Adjusts PT
• Positive Sentiment: Deutsche Bank raised its target to $80 from $75 and kept a “hold” rating, signaling modest upside and helping underpin the stock after recent weakness. Deutsche Bank PT
• Positive Sentiment: BMO Capital Markets bumped its target to $88 from $82 (market perform), one of the most constructive calls and indicating double-digit upside potential. BMO PT
• Positive Sentiment: Goldman Sachs raised its target sharply to $75 from $51 but retained a “sell” rating — the higher target narrows the perceived downside even as the firm remains negative on shares. Goldman PT
• Positive Sentiment: The Globe and Mail flagged a new “buy” rating on LYB, which adds an incremental positive voice from the press/analyst community and may attract buyer interest. Globe and Mail Buy
• Negative Sentiment: Wells Fargo cut its target to $80 from $87 (equal weight), trimming prior upside and representing a direct downgrade of expectations that can pressure the stock. Wells Fargo PT Cut

Insider Activity at LyondellBasell Industries

In related news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the stock in a transaction on 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 transaction, the insider 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.14% of the company’s stock.

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.