Gateway Investment Advisers LLC Buys 41,722 Shares of LyondellBasell Industries N.V. $LYB

Key Points

• Gateway Investment Advisers LLC increased its stake in LyondellBasell by 19.1%, buying 41,722 shares to hold 260,260 shares worth about $11.27 million (≈0.08% of the company).
• Major shareholder Ai Investments Holdings LLC sold 384,548 shares at $68.13 for roughly $26.2 million, reducing its ownership by 6.8%; corporate insiders now own about 0.14% of the stock.
• Analysts are mixed with a consensus "Hold" and an average price target of $76.59; the company beat quarterly EPS estimates despite lower revenue and a negative net margin, while the stock trades near $71.40 with a roughly 3.9% yield.

Gateway Investment Advisers LLC increased its stake in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 19.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 260,260 shares of the specialty chemicals company's stock after purchasing an additional 41,722 shares during the period. Gateway Investment Advisers LLC owned 0.08% of LyondellBasell Industries worth $11,269,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Swedbank AB raised its position in LyondellBasell Industries by 16.0% in the 4th quarter. Swedbank AB now owns 242,726 shares of the specialty chemicals company's stock worth $10,510,000 after purchasing an additional 33,399 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in LyondellBasell Industries by 6.3% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 63,274 shares of the specialty chemicals company's stock worth $2,740,000 after purchasing an additional 3,724 shares during the last quarter. SBI Securities Co. Ltd. raised its position in LyondellBasell Industries by 63.7% in the 4th quarter. SBI Securities Co. Ltd. now owns 10,362 shares of the specialty chemicals company's stock worth $449,000 after purchasing an additional 4,033 shares during the last quarter. Altrius Capital Management Inc raised its position in LyondellBasell Industries by 16.4% in the 4th quarter. Altrius Capital Management Inc now owns 196,810 shares of the specialty chemicals company's stock worth $8,522,000 after purchasing an additional 27,705 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC grew its position in shares of LyondellBasell Industries by 12.1% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 6,365 shares of the specialty chemicals company's stock worth $276,000 after buying an additional 688 shares during the period. Institutional investors own 71.20% of the company's stock.

Insider Transactions at LyondellBasell Industries

In related news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the insider owned 5,270,918 shares in the company, valued at approximately $359,107,643.34. The trade was a 6.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.14% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Weiss Ratings reiterated a "sell (d+)" rating on shares of LyondellBasell Industries in a research report on Tuesday, April 21st. KeyCorp upgraded shares of LyondellBasell Industries from a "sector weight" rating to an "overweight" rating and set a $73.00 price target for the company in a research report on Wednesday, March 4th. 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 report on Thursday, April 16th. Citigroup lifted their price target on shares of LyondellBasell Industries from $76.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, April 8th. Finally, Fermium Researc upgraded shares of LyondellBasell Industries from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 9th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat, LyondellBasell Industries currently has an average rating of "Hold" and a consensus price target of $76.59.

LyondellBasell Industries Stock Down 2.8%

Shares of NYSE LYB opened at $71.40 on Friday. The stock has a market cap of $23.05 billion, a P/E ratio of -28.67, a P/E/G ratio of 0.16 and a beta of 0.32. The firm has a 50 day moving average price of $71.69 and a 200 day moving average price of $56.25. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.54. LyondellBasell Industries N.V. has a 52-week low of $41.58 and a 52-week high of $83.94.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly earnings data on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.18. The firm had revenue of $7.20 billion during the quarter, compared to analysts' expectations of $7.53 billion. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The business's revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.33 earnings per share. Analysts expect that LyondellBasell Industries N.V. will post 8.35 EPS for the current year.

LyondellBasell Industries Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Monday, March 2nd were issued a dividend of $0.69 per share. The ex-dividend date was Monday, March 2nd. This represents a $2.76 dividend on an annualized basis and a yield of 3.9%. LyondellBasell Industries's payout ratio is currently -110.84%.

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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