Hsbc Holdings PLC Sells 67,779 Shares of LyondellBasell Industries N.V. $LYB

Key Points

• Hsbc Holdings PLC cut its LyondellBasell stake by 35.2% in the fourth quarter, selling 67,779 shares and leaving it with 124,860 shares valued at about $5.4 million.
• Institutional ownership in LyondellBasell remains heavy, with hedge funds and other institutions holding 71.2% of the company’s stock overall.
• Analysts remain mixed on LYB: the consensus rating is Hold with an average price target of $72.22, while the stock recently traded at $55.33 and also carries a 5.0% dividend yield.

Hsbc Holdings PLC trimmed its position in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 35.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 124,860 shares of the specialty chemicals company's stock after selling 67,779 shares during the period. Hsbc Holdings PLC's holdings in LyondellBasell Industries were worth $5,418,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LYB. Investment Research Partners LLC boosted its stake in LyondellBasell Industries by 4.4% in the 4th quarter. Investment Research Partners LLC now owns 5,100 shares of the specialty chemicals company's stock worth $221,000 after purchasing an additional 214 shares in the last quarter. Rothschild Investment LLC increased its stake in LyondellBasell Industries by 3.5% during the 4th quarter. Rothschild Investment LLC now owns 8,025 shares of the specialty chemicals company's stock valued at $347,000 after purchasing an additional 272 shares in the last quarter. Moors & Cabot Inc. raised its holdings in shares of LyondellBasell Industries by 5.6% in the third quarter. Moors & Cabot Inc. now owns 5,495 shares of the specialty chemicals company's stock worth $269,000 after buying an additional 293 shares during the last quarter. Vident Advisory LLC raised its holdings in shares of LyondellBasell Industries by 1.1% in the second quarter. Vident Advisory LLC now owns 26,406 shares of the specialty chemicals company's stock worth $1,528,000 after buying an additional 297 shares during the last quarter. Finally, Ancora Advisors LLC lifted its stake in shares of LyondellBasell Industries by 2.7% during the third quarter. Ancora Advisors LLC now owns 11,497 shares of the specialty chemicals company's stock worth $564,000 after buying an additional 305 shares during the period. Hedge funds and other institutional investors own 71.20% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LYB. Weiss Ratings downgraded LyondellBasell Industries from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft lifted their price target on LyondellBasell Industries from $75.00 to $80.00 and gave the stock a "hold" rating in a research report on Tuesday, May 5th. Alembic Global Advisors dropped their price target on LyondellBasell Industries from $95.00 to $83.00 and set an "overweight" rating on the stock in a research note on Thursday, July 2nd. Wolfe Research raised their price objective on LyondellBasell Industries from $38.00 to $62.00 and gave the stock an "underperform" rating in a research note on Tuesday, April 14th. Finally, Wall Street Zen raised LyondellBasell Industries from a "hold" rating to a "buy" rating in a report on Sunday, July 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $72.22.

LyondellBasell Industries Stock Down 0.7%

LyondellBasell Industries stock opened at $55.33 on Friday. The business's 50-day moving average price is $64.80 and its 200 day moving average price is $62.18. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 1.12. The firm has a market cap of $17.86 billion, a price-to-earnings ratio of -22.22, a price-to-earnings-growth ratio of 0.18 and a beta of 0.32. 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 announced its quarterly earnings results 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 company had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $7.53 billion. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.LyondellBasell Industries's revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 earnings per share. As a group, sell-side analysts anticipate that LyondellBasell Industries N.V. will post 8.84 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Monday, June 1st were issued a dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.76 dividend on an annualized basis and a yield of 5.0%. LyondellBasell Industries's dividend payout ratio is -110.84%.

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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