Gilman Hill Asset Management LLC Sells 14,008 Shares of LyondellBasell Industries N.V. $LYB

Key Points

• Gilman Hill Asset Management cut its stake in LyondellBasell by 8.3%, selling 14,008 shares in Q4 and now holds 153,762 shares worth about $6.66 million.
• Major shareholder Ai Investments Holdings sold 384,548 shares on March 9 at an average $68.13 for roughly $26.2 million, trimming its position by 6.8%.
• LyondellBasell missed quarterly EPS (‑$0.26 vs. $0.18 est.) with revenue of $7.09B (down 9.2% YoY), and the company recently cut its quarterly dividend to $0.69 ($2.76 annualized; 3.6% yield).

Gilman Hill Asset Management LLC cut its holdings in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 8.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 153,762 shares of the specialty chemicals company's stock after selling 14,008 shares during the quarter. Gilman Hill Asset Management LLC's holdings in LyondellBasell Industries were worth $6,658,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Cooper Financial Group boosted its holdings in shares of LyondellBasell Industries by 4.3% in the third quarter. Cooper Financial Group now owns 5,146 shares of the specialty chemicals company's stock valued at $252,000 after buying an additional 211 shares during the period. Capital Investment Advisory Services LLC raised its holdings in shares of LyondellBasell Industries by 2.5% during the third quarter. Capital Investment Advisory Services LLC now owns 9,345 shares of the specialty chemicals company's stock worth $458,000 after acquiring an additional 226 shares during the period. U.S. Capital Wealth Advisors LLC lifted its position in LyondellBasell Industries by 1.4% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 18,020 shares of the specialty chemicals company's stock valued at $884,000 after acquiring an additional 241 shares in the last quarter. Vermillion & White Wealth Management Group LLC boosted its stake in LyondellBasell Industries by 97.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 534 shares of the specialty chemicals company's stock worth $31,000 after purchasing an additional 264 shares during the period. Finally, Concurrent Investment Advisors LLC boosted its stake in LyondellBasell Industries by 2.2% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 13,090 shares of the specialty chemicals company's stock worth $642,000 after purchasing an additional 282 shares during the period. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Trading Up 6.3%

LyondellBasell Industries stock opened at $76.00 on Wednesday. The firm has a 50-day moving average of $59.10 and a 200-day moving average of $51.05. LyondellBasell Industries N.V. has a one year low of $41.58 and a one year high of $77.36. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.77 and a quick ratio of 1.20. The company has a market cap of $24.49 billion, a price-to-earnings ratio of -32.62, a P/E/G ratio of 0.41 and a beta of 0.64.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings data on Friday, January 30th. The specialty chemicals company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.44). LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.93%. The company had revenue of $7.09 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter in the previous year, the business earned $0.75 EPS. LyondellBasell Industries's revenue was down 9.2% on a year-over-year basis. On average, equities analysts expect that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were given a dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $2.76 annualized dividend and a dividend yield of 3.6%. LyondellBasell Industries's payout ratio is -118.45%.

Insider Activity

In other 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 transaction of $26,199,255.24. Following the sale, the insider owned 5,270,918 shares in the company, valued at $359,107,643.34. This represents a 6.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.14% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have issued reports on LYB. Citigroup raised LyondellBasell Industries from a "neutral" rating to a "buy" rating and lifted their price target for the company from $49.00 to $76.00 in a research note on Thursday, March 12th. Wells Fargo & Company upped their price objective on LyondellBasell Industries from $48.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Friday, March 13th. Fermium Researc upgraded LyondellBasell Industries from a "hold" rating to a "strong-buy" rating in a report on Monday, March 9th. The Goldman Sachs Group reissued a "sell" rating on shares of LyondellBasell Industries in a research report on Monday, February 2nd. Finally, Zacks Research raised LyondellBasell Industries from a "strong sell" rating to a "hold" rating in a research report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $65.61.

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.