23,165 Shares in LyondellBasell Industries N.V. $LYB Acquired by Evergreen Capital Management LLC

Key Points

• Evergreen Capital Management bought a new Q4 position of 23,165 shares of LyondellBasell (NYSE:LYB), valued at approximately $1.00 million.
• Major shareholder Ai Investments Holdings sold 384,548 shares on March 9 for about $26.2 million, reducing its stake by 6.8%; insiders now own roughly 0.14% of the company.
• While several analysts recently raised price targets, the consensus rating remains Hold with an average price target of $72.05, and the stock trades near $70.69.

Evergreen Capital Management LLC bought a new position in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 23,165 shares of the specialty chemicals company's stock, valued at approximately $1,003,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LYB. Stance Capital LLC purchased a new stake in LyondellBasell Industries in the third quarter worth approximately $27,000. Quent Capital LLC purchased a new stake in LyondellBasell Industries in the third quarter worth approximately $29,000. ORG Partners LLC boosted its holdings in LyondellBasell Industries by 960.0% in the fourth quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company's stock worth $30,000 after purchasing an additional 624 shares during the last quarter. United Community Bank boosted its holdings in LyondellBasell Industries by 83.2% in the third 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 purchased a new stake in LyondellBasell Industries in the third quarter worth approximately $31,000. Hedge funds and other institutional investors own 71.20% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on LYB shares. UBS Group raised their target price on shares of LyondellBasell Industries from $73.00 to $79.00 and gave the stock a "neutral" rating in a report on Thursday, March 26th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of LyondellBasell Industries from $52.00 to $75.00 and gave the stock a "hold" rating in a research note on Thursday, March 19th. Wells Fargo & Company lifted their price target on shares of LyondellBasell Industries from $70.00 to $87.00 and gave the stock an "equal weight" rating in a research note on Monday, March 30th. Wolfe Research lifted their price target on shares of LyondellBasell Industries from $38.00 to $62.00 and gave the stock an "underperform" rating in a research note on Tuesday, April 14th. Finally, Jefferies Financial Group lifted their price target on shares of LyondellBasell Industries from $70.00 to $75.00 and gave the stock a "hold" rating in a research note on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $72.05.

Insider Activity at LyondellBasell Industries

In other news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the firm's 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 sale, the insider directly owned 5,270,918 shares in the company, valued at $359,107,643.34. This trade 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 hyperlink. 0.14% of the stock is owned by insiders.

LyondellBasell Industries Trading Down 1.8%

Shares of LyondellBasell Industries stock opened at $70.69 on Friday. The company's fifty day simple moving average is $69.11 and its 200-day simple moving average is $54.69. The stock has a market capitalization of $22.82 billion, a PE ratio of -30.34, a P/E/G ratio of 0.25 and a beta of 0.40. LyondellBasell Industries N.V. has a 1-year low of $41.58 and a 1-year high of $83.94. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.77 and a quick ratio of 1.20.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly earnings results on Saturday, February 21st. The specialty chemicals company reported ($0.26) earnings per share for the quarter. The business had revenue of $7.09 billion for the quarter. LyondellBasell Industries had a positive return on equity of 4.93% and a negative net margin of 2.46%. As a group, equities analysts anticipate that LyondellBasell Industries N.V. will post 5.44 earnings per share for the current year.

LyondellBasell Industries Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, March 2nd were given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Monday, March 2nd. LyondellBasell Industries's dividend payout ratio (DPR) is presently -118.45%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.