ARGA Investment Management LP Buys 39,597 Shares of LyondellBasell Industries N.V. $LYB

Key Points

• ARGA Investment Management LP boosted its stake in LyondellBasell by 107.6%, purchasing 39,597 shares to own 76,414 shares worth about $3.31 million at the end of the quarter.
• Analysts hold a consensus "Hold" rating with an average price target of $72.05 (ratings mix: 1 Strong Buy, 7 Buy, 12 Hold, 4 Sell), and several firms recently raised their price targets.
• LyondellBasell recently paid a quarterly dividend of $0.69 (annualized $2.76, ~3.9% yield) amid a dividend cut and a negative payout ratio (-118.45%), while major shareholder Ai Investments sold 384,548 shares (~$26.2M), trimming its ownership by 6.8%.

ARGA Investment Management LP boosted its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 107.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,414 shares of the specialty chemicals company's stock after purchasing an additional 39,597 shares during the quarter. ARGA Investment Management LP's holdings in LyondellBasell Industries were worth $3,309,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of LYB. Stance Capital LLC bought a new stake in LyondellBasell Industries during the third quarter valued at about $27,000. Quent Capital LLC bought a new stake in LyondellBasell Industries during the third quarter valued at about $29,000. ORG Partners LLC boosted its holdings in LyondellBasell Industries by 960.0% during the fourth quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company's stock valued at $30,000 after acquiring an additional 624 shares during the period. United Community Bank boosted its holdings in LyondellBasell Industries by 83.2% during the third quarter. United Community Bank now owns 623 shares of the specialty chemicals company's stock valued at $31,000 after acquiring an additional 283 shares during the period. Finally, Quarry LP bought a new stake in LyondellBasell Industries during the third quarter valued at about $31,000. 71.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LYB has been the subject of a number of recent analyst reports. UBS Group upped their price target on shares of LyondellBasell Industries from $73.00 to $79.00 and gave the company a "neutral" rating in a report on Thursday, March 26th. Fermium Researc raised LyondellBasell Industries from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 9th. Wall Street Zen raised LyondellBasell Industries from a "sell" rating to a "hold" rating in a research report on Saturday, March 21st. Jefferies Financial Group increased their price objective on LyondellBasell Industries from $70.00 to $75.00 and gave the company a "hold" rating in a research report on Thursday, April 16th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on LyondellBasell Industries from $52.00 to $75.00 and gave the company a "hold" rating in a research report on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $72.05.

LyondellBasell Industries Stock Up 1.7%

NYSE LYB opened at $71.02 on Tuesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.20 and a current ratio of 1.77. The firm has a 50-day simple moving average of $69.63 and a 200 day simple moving average of $55.08. LyondellBasell Industries N.V. has a twelve month low of $41.58 and a twelve month high of $83.94. The stock has a market cap of $22.92 billion, a PE ratio of -30.48, a PEG ratio of 0.24 and a beta of 0.40.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its earnings results on Saturday, February 21st. The specialty chemicals company reported ($0.26) EPS for the quarter. The firm had revenue of $7.09 billion during the quarter. LyondellBasell Industries had a positive return on equity of 4.93% and a negative net margin of 2.46%. On average, research analysts forecast that LyondellBasell Industries N.V. will post 5.44 EPS for the current year.

LyondellBasell Industries Cuts Dividend

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

Insider Buying and Selling

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

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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