106,596 Shares in LyondellBasell Industries N.V. $LYB Acquired by Oxbow Advisors LLC

Key Points

• Oxbow Advisors LLC bought a new position in LyondellBasell Industries during the fourth quarter, acquiring 106,596 shares valued at about $4.62 million.
• Other institutions also increased their stakes, and 71.2% of LyondellBasell’s stock is now owned by institutional investors and hedge funds, while insiders own just 0.14%.
• The company reported Q1 EPS of $0.49, beating estimates, but revenue came in below expectations. Analysts remain mixed overall, with a consensus rating of Hold and an average price target of $76.59.

Oxbow Advisors LLC purchased a new stake in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 106,596 shares of the specialty chemicals company's stock, valued at approximately $4,616,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital World Investors boosted its stake in shares of LyondellBasell Industries by 13.1% during the 3rd quarter. Capital World Investors now owns 9,807,743 shares of the specialty chemicals company's stock worth $480,972,000 after acquiring an additional 1,135,258 shares during the period. Bruce & Co. Inc. raised its stake in LyondellBasell Industries by 50.0% in the 3rd quarter. Bruce & Co. Inc. now owns 60,000 shares of the specialty chemicals company's stock valued at $2,942,000 after acquiring an additional 20,000 shares during the period. TD Asset Management Inc lifted its holdings in LyondellBasell Industries by 12.8% during the 3rd quarter. TD Asset Management Inc now owns 286,067 shares of the specialty chemicals company's stock valued at $14,029,000 after purchasing an additional 32,401 shares during the last quarter. Barclays PLC lifted its holdings in LyondellBasell Industries by 3.5% during the 3rd quarter. Barclays PLC now owns 1,006,356 shares of the specialty chemicals company's stock valued at $49,352,000 after purchasing an additional 33,873 shares during the last quarter. Finally, First Horizon Corp bought a new position in LyondellBasell Industries during the third quarter worth $8,965,000. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the company's stock in a transaction dated 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 completion of the transaction, the insider owned 5,270,918 shares of the company's stock, valued at $359,107,643.34. This represents a 6.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on LYB. Alembic Global Advisors upgraded shares of LyondellBasell Industries from a "neutral" rating to an "overweight" rating in a research note on Thursday, April 9th. Wall Street Zen upgraded shares of LyondellBasell Industries from a "hold" rating to a "buy" rating in a research report on Saturday, May 2nd. Citigroup upped their target price on LyondellBasell Industries from $76.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, April 8th. Fermium Researc upgraded LyondellBasell Industries from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 9th. Finally, Vertical Research upgraded LyondellBasell Industries from a "hold" rating to a "buy" rating and set a $75.00 price objective on the stock in a research report on Monday, March 9th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, LyondellBasell Industries currently has a consensus rating of "Hold" and an average price target of $76.59.

LyondellBasell Industries Trading Up 0.4%

Shares of LyondellBasell Industries stock opened at $71.79 on Friday. The firm's 50-day moving average price is $71.69 and its two-hundred day moving average price is $56.25. The company has a market capitalization of $23.17 billion, a price-to-earnings ratio of -28.83, a PEG ratio of 0.17 and a beta of 0.32. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 1.12. LyondellBasell Industries N.V. has a 12-month low of $41.58 and a 12-month high of $83.94.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share (EPS) for the quarter, topping 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 business had revenue of $7.20 billion for the quarter, compared to analyst estimates of $7.53 billion. During the same quarter last year, the business posted $0.33 EPS. The firm's revenue for the quarter was down 6.3% on a year-over-year basis. On average, analysts forecast that LyondellBasell Industries N.V. will post 8.73 earnings per share for the current fiscal year.

LyondellBasell Industries Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, March 2nd were paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Monday, March 2nd. LyondellBasell Industries's dividend payout ratio is presently -110.84%.

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.

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