First Horizon Corp Sells 162,024 Shares of LyondellBasell Industries N.V. $LYB

Key Points

• First Horizon Corp cut its position in LyondellBasell by 88.6% in Q4, selling 162,024 shares and leaving it with 20,795 shares valued at about $900,000.
• Major shareholder Ai Investments Holdings LLC sold 384,548 shares on March 9 at an average price of $68.13, reducing its stake by 6.8% and generating roughly $26.2 million in proceeds.
• Analysts' consensus is a Hold with an average target of $71.06; LYB trades near $66.40, recently paid a $0.69 quarterly dividend (4.2% yield) and currently shows a negative PE of -28.5.

First Horizon Corp cut its position in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 88.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,795 shares of the specialty chemicals company's stock after selling 162,024 shares during the quarter. First Horizon Corp's holdings in LyondellBasell Industries were worth $900,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Stance Capital LLC bought a new stake in shares of LyondellBasell Industries in the 3rd quarter worth approximately $27,000. Quent Capital LLC bought a new stake in shares of LyondellBasell Industries in the 3rd quarter worth approximately $29,000. United Community Bank boosted its position in shares of LyondellBasell Industries by 83.2% in the 3rd quarter. United Community Bank now owns 623 shares of the specialty chemicals company's stock worth $31,000 after purchasing an additional 283 shares in the last quarter. Quarry LP bought a new stake in shares of LyondellBasell Industries in the 3rd quarter worth approximately $31,000. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of LyondellBasell Industries in the 2nd quarter worth approximately $39,000. 71.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LYB. UBS Group boosted their price target on LyondellBasell Industries from $73.00 to $79.00 and gave the stock a "neutral" rating in a research 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. Wolfe Research boosted their price target on LyondellBasell Industries from $38.00 to $62.00 and gave the stock an "underperform" rating in a research report on Tuesday, April 14th. Wells Fargo & Company boosted their price target on LyondellBasell Industries from $70.00 to $87.00 and gave the stock an "equal weight" rating in a research report on Monday, March 30th. Finally, BMO Capital Markets boosted their price target on LyondellBasell Industries from $68.00 to $82.00 and gave the stock a "market perform" rating in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $71.06.

LyondellBasell Industries Stock Performance

LYB stock opened at $66.40 on Monday. The stock has a market capitalization of $21.43 billion, a PE ratio of -28.50, a price-to-earnings-growth ratio of 0.27 and a beta of 0.40. LyondellBasell Industries N.V. has a 12-month low of $41.58 and a 12-month high of $83.94. 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 stock's 50 day simple moving average is $68.07 and its 200 day simple moving average is $54.17.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings data on Saturday, February 21st. The specialty chemicals company reported ($0.26) earnings per share (EPS) for the quarter. The business had revenue of $7.09 billion during the quarter. LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.93%. As a group, research analysts forecast that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Monday, March 2nd were given a $0.69 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $2.76 annualized dividend and a yield of 4.2%. LyondellBasell Industries's dividend payout ratio is -118.45%.

Insider Transactions at LyondellBasell Industries

In related news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the company's stock in a transaction that occurred 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 transaction, the insider directly owned 5,270,918 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. Company insiders own 0.14% of the company's stock.

About LyondellBasell Industries

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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