LyondellBasell Industries N.V. $LYB Shares Sold by KLP Kapitalforvaltning AS

by · The Markets Daily

KLP Kapitalforvaltning AS reduced its holdings in LyondellBasell Industries N.V. (NYSE:LYB – Free Report) by 67.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,831 shares of the specialty chemicals company’s stock after selling 194,800 shares during the period. KLP Kapitalforvaltning AS’s holdings in LyondellBasell Industries were worth $4,651,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. MTM Investment Management LLC purchased a new position in LyondellBasell Industries in the 2nd quarter worth approximately $26,000. Parvin Asset Management LLC acquired a new stake in shares of LyondellBasell Industries in the second quarter valued at approximately $26,000. Capital A Wealth Management LLC lifted its position in LyondellBasell Industries by 6,314.3% during the second quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 442 shares in the last quarter. Hilltop National Bank acquired a new position in LyondellBasell Industries during the second quarter worth $29,000. Finally, EMC Capital Management purchased a new stake in LyondellBasell Industries in the 2nd quarter valued at $29,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Mizuho lowered their price target on shares of LyondellBasell Industries from $52.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday, December 11th. Weiss Ratings reiterated a “sell (d+)” rating on shares of LyondellBasell Industries in a report on Wednesday, October 8th. Evercore ISI cut their price target on shares of LyondellBasell Industries from $65.00 to $57.00 and set an “in-line” rating for the company in a report on Tuesday, November 11th. JPMorgan Chase & Co. decreased their price objective on LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Finally, Rothschild & Co Redburn cut their target price on LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, September 12th. Two analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $53.33.

Check Out Our Latest Stock Analysis on LYB

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, EVP Kimberly A. Foley purchased 5,661 shares of LyondellBasell Industries stock in a transaction dated Wednesday, November 12th. The shares were acquired at an average price of $43.56 per share, with a total value of $246,593.16. Following the completion of the transaction, the executive vice president owned 67,688 shares of the company’s stock, valued at $2,948,489.28. This trade represents a 9.13% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.14% of the stock is owned by company insiders.

LyondellBasell Industries Stock Performance

NYSE:LYB opened at $48.70 on Friday. LyondellBasell Industries N.V. has a fifty-two week low of $41.58 and a fifty-two week high of $79.39. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.93 and a current ratio of 1.57. The company has a 50 day moving average price of $44.55 and a 200 day moving average price of $50.91. The stock has a market capitalization of $15.67 billion, a P/E ratio of -12.99 and a beta of 0.70.

LyondellBasell Industries (NYSE:LYB – Get Free Report) last released its quarterly earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.21. LyondellBasell Industries had a positive return on equity of 7.50% and a negative net margin of 3.70%.The company had revenue of $7.73 billion for the quarter, compared to analysts’ expectations of $7.41 billion. During the same period in the prior year, the firm earned $1.88 earnings per share. The firm’s revenue was down 10.2% compared to the same quarter last year. Equities research analysts forecast that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, December 1st were given a $1.37 dividend. This represents a $5.48 annualized dividend and a yield of 11.3%. The ex-dividend date of this dividend was Monday, December 1st. LyondellBasell Industries’s payout ratio is currently -146.13%.

About LyondellBasell Industries

(Free Report)

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.

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