AMG National Trust Bank Makes New $3.25 Million Investment in LyondellBasell Industries N.V. $LYB

Key Points

• AMG National Trust Bank opened a new position in LyondellBasell by buying 75,114 shares in Q4, valued at about $3.25 million.
• Ai Investments Holdings LLC sold 384,548 shares on March 9 for roughly $26.2 million, trimming its stake by 6.8% to 5,270,918 shares.
• LyondellBasell reported a loss of $0.26 EPS last quarter but paid a $0.69 quarterly dividend (annualized $2.76, yield 3.9%) with a negative payout ratio of -118.45%, and analysts have an average "Hold" rating with a $72.05 consensus target.

AMG National Trust Bank bought a new position in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 75,114 shares of the specialty chemicals company's stock, valued at approximately $3,252,000.

Several other institutional investors also recently made changes to their positions in LYB. Capital Research Global Investors boosted its position in shares of LyondellBasell Industries by 470.1% during the 3rd quarter. Capital Research Global Investors now owns 4,389,442 shares of the specialty chemicals company's stock worth $215,258,000 after purchasing an additional 3,619,468 shares in the last quarter. Capital World Investors boosted its position 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 purchasing an additional 1,135,258 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of LyondellBasell Industries by 67.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,372,998 shares of the specialty chemicals company's stock worth $79,438,000 after purchasing an additional 553,081 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of LyondellBasell Industries by 30.2% during the 2nd quarter. AQR Capital Management LLC now owns 1,607,363 shares of the specialty chemicals company's stock worth $92,632,000 after purchasing an additional 372,817 shares in the last quarter. Finally, Gradient Investments LLC purchased a new stake in shares of LyondellBasell Industries during the 4th quarter worth $12,504,000. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at LyondellBasell Industries

In other news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the company's stock in a transaction dated 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 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.14% of the stock is currently owned by corporate insiders.

LyondellBasell Industries Price Performance

NYSE:LYB opened at $71.43 on Wednesday. The firm has a market cap of $23.05 billion, a price-to-earnings ratio of -30.65, a price-to-earnings-growth ratio of 0.25 and a beta of 0.40. The company has a current ratio of 1.77, a quick ratio of 1.20 and a debt-to-equity ratio of 1.20. The company's 50-day moving average is $69.94 and its two-hundred day moving average is $55.27. 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 released its earnings results on Saturday, February 21st. The specialty chemicals company reported ($0.26) earnings per share (EPS) for the quarter. LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.93%. The firm had revenue of $7.09 billion during the quarter. Research analysts expect that LyondellBasell Industries N.V. will post 5.44 EPS for the current year.

LyondellBasell Industries Cuts Dividend

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

Wall Street Analyst Weigh In

LYB has been the topic of several recent research reports. Wall Street Zen upgraded shares of LyondellBasell Industries from a "sell" rating to a "hold" rating in a research report on Saturday, March 21st. Royal Bank Of Canada boosted their price objective on shares of LyondellBasell Industries from $82.00 to $91.00 and gave the stock an "outperform" rating in a research report on Friday, April 10th. Wells Fargo & Company boosted their price objective on shares of LyondellBasell Industries from $70.00 to $87.00 and gave the stock an "equal weight" rating in a research report on Monday, March 30th. Vertical Research upgraded shares of 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. Finally, Morgan Stanley boosted their price objective on shares of LyondellBasell Industries from $52.00 to $77.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 21st. One investment 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. According to data from MarketBeat.com, LyondellBasell Industries currently has an average rating of "Hold" and a consensus target price of $72.05.

LyondellBasell Industries Company 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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