swisspartners Advisors Ltd Grows Stock Holdings in LyondellBasell Industries N.V. $LYB

swisspartners Advisors Ltd increased its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 62.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 186,663 shares of the specialty chemicals company’s stock after acquiring an additional 72,100 shares during the period. LyondellBasell Industries accounts for 5.9% of swisspartners Advisors Ltd’s holdings, making the stock its 9th largest position. swisspartners Advisors Ltd’s holdings in LyondellBasell Industries were worth $8,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of LYB. Stance Capital LLC acquired a new position in LyondellBasell Industries during the third quarter worth $27,000. Quent Capital LLC bought a new position in shares of LyondellBasell Industries during the third quarter valued at $29,000. ORG Partners LLC boosted its stake in shares of LyondellBasell Industries by 960.0% in the 4th quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock valued at $30,000 after purchasing an additional 624 shares in the last quarter. United Community Bank grew its holdings 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 worth $31,000 after purchasing an additional 283 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of LyondellBasell Industries during the 3rd quarter worth about $31,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Stock Up 2.5%

Shares of NYSE:LYB opened at $73.53 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 1.12. The firm has a market cap of $23.73 billion, a P/E ratio of -29.53, a P/E/G ratio of 0.17 and a beta of 0.32. LyondellBasell Industries N.V. has a 12 month low of $41.58 and a 12 month high of $83.94. The company’s 50-day moving average price is $72.33 and its two-hundred day moving average price is $56.63.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the business earned $0.33 earnings per share. LyondellBasell Industries’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, research analysts forecast that LyondellBasell Industries N.V. will post 8.73 EPS for the current fiscal year.

LyondellBasell Industries Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Shareholders 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 yield of 3.8%. LyondellBasell Industries’s dividend payout ratio is currently -110.84%.

Analysts Set New Price Targets

A number of research firms have commented on LYB. Evercore boosted their price target on shares of LyondellBasell Industries from $57.00 to $70.00 in a research report on Wednesday, April 22nd. Wells Fargo & Company dropped their price objective on shares of LyondellBasell Industries from $87.00 to $80.00 and set an “equal weight” rating for the company in a report on Tuesday, May 5th. Vertical Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Monday, March 9th. BMO Capital Markets increased their price target on LyondellBasell Industries from $82.00 to $88.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 5th. Finally, Wolfe Research raised their price target on LyondellBasell Industries from $38.00 to $62.00 and gave the company an “underperform” rating in a report on Tuesday, April 14th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, LyondellBasell Industries currently has a consensus rating of “Hold” and an average price target of $76.59.

Insider Buying and Selling

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the stock in a transaction on Monday, March 9th. The stock was 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 in the company, valued at approximately $359,107,643.34. This trade represents a 6.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.