LyondellBasell Industries N.V. $LYB Position Cut by Benedict Financial Advisors Inc.

Benedict Financial Advisors Inc. lowered its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 40.4% during the 3rd quarter, Holdings Channel reports. The fund owned 20,238 shares of the specialty chemicals company’s stock after selling 13,736 shares during the period. Benedict Financial Advisors Inc.’s holdings in LyondellBasell Industries were worth $992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the business. Crews Bank & Trust raised its stake in shares of LyondellBasell Industries by 16.4% during the second quarter. Crews Bank & Trust now owns 1,245 shares of the specialty chemicals company’s stock valued at $72,000 after purchasing an additional 175 shares in the last quarter. New York Life Investment Management LLC raised its position in shares of LyondellBasell Industries by 0.5% during the 2nd quarter. New York Life Investment Management LLC now owns 38,521 shares of the specialty chemicals company’s stock worth $2,229,000 after buying an additional 193 shares in the last quarter. State of Michigan Retirement System lifted its stake in shares of LyondellBasell Industries by 0.3% in the 2nd quarter. State of Michigan Retirement System now owns 78,165 shares of the specialty chemicals company’s stock worth $4,523,000 after acquiring an additional 200 shares during the period. Cooper Financial Group boosted its holdings in shares of LyondellBasell Industries by 4.3% in the third quarter. Cooper Financial Group now owns 5,146 shares of the specialty chemicals company’s stock valued at $252,000 after acquiring an additional 211 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC increased its stake in shares of LyondellBasell Industries by 1.4% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 18,020 shares of the specialty chemicals company’s stock valued at $884,000 after acquiring an additional 241 shares during the period. Institutional investors own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

LYB has been the subject of a number of research analyst reports. Evercore ISI cut their target price on LyondellBasell Industries from $65.00 to $57.00 and set an “in-line” rating for the company in a research report on Tuesday, November 11th. Royal Bank Of Canada upped their price objective on LyondellBasell Industries from $44.00 to $49.00 and gave the company a “sector perform” rating in a report on Friday, January 16th. Bank of America lowered their target price on LyondellBasell Industries from $52.00 to $46.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Wolfe Research cut their price target on shares of LyondellBasell Industries from $40.00 to $39.00 and set an “underperform” rating for the company in a report on Friday, January 16th. Finally, Citigroup raised their price objective on shares of LyondellBasell Industries from $40.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday, January 15th. Two equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, LyondellBasell Industries presently has an average rating of “Reduce” and a consensus target price of $52.42.

Insider Buying and Selling

In other news, EVP Kimberly A. Foley acquired 5,661 shares of the stock in a transaction on Wednesday, November 12th. The shares were purchased at an average cost of $43.56 per share, for a total transaction of $246,593.16. Following the transaction, the executive vice president owned 67,688 shares in the company, valued at approximately $2,948,489.28. This trade represents a 9.13% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.14% of the company’s stock.

LyondellBasell Industries Trading Down 1.1%

Shares of LYB opened at $49.90 on Friday. The business’s 50-day moving average price is $46.41 and its 200 day moving average price is $49.85. The company has a current ratio of 1.57, a quick ratio of 0.93 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $16.06 billion, a P/E ratio of -13.31 and a beta of 0.70. LyondellBasell Industries N.V. has a 1-year low of $41.58 and a 1-year high of $79.10.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, October 31st. The specialty chemicals company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. The company had revenue of $7.73 billion during the quarter, compared to analyst estimates of $7.41 billion. LyondellBasell Industries had a negative net margin of 3.70% and a positive return on equity of 7.50%. The business’s quarterly revenue was down 10.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.88 earnings per share. Analysts expect that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, December 1st were given a $1.37 dividend. This represents a $5.48 annualized dividend and a dividend yield of 11.0%. The ex-dividend date was Monday, December 1st. LyondellBasell Industries’s dividend payout ratio is -146.13%.

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.