Keybank National Association OH Sells 44,357 Shares of LyondellBasell Industries N.V. $LYB

Key Points

• KeyBank National Association OH cut its position in LyondellBasell by 86.8%, selling 44,357 shares in Q4 and retaining 6,752 shares worth about $292,000.
• LYB shares opened at $73.58 (down ~5.4%), reported quarterly EPS of $0.49 beating estimates while revenue declined year-over-year, and pays a quarterly dividend of $0.69 (annualized $2.76, yield ~3.8%).
• Analyst views are mixed — the consensus is a Hold with a $76.59 price target, though several firms recently raised targets and ratings span from Strong Buy to Sell.

Keybank National Association OH lessened its position in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 86.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,752 shares of the specialty chemicals company's stock after selling 44,357 shares during the period. Keybank National Association OH's holdings in LyondellBasell Industries were worth $292,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in LyondellBasell Industries by 0.3% during the third quarter. Vanguard Group Inc. now owns 30,965,458 shares of the specialty chemicals company's stock worth $1,518,546,000 after buying an additional 84,251 shares during the last quarter. State Street Corp increased its stake in LyondellBasell Industries by 2.1% in the third quarter. State Street Corp now owns 13,182,950 shares of the specialty chemicals company's stock valued at $646,492,000 after purchasing an additional 267,799 shares in the last quarter. Capital World Investors increased its stake in LyondellBasell Industries by 13.1% in the third quarter. Capital World Investors now owns 9,807,743 shares of the specialty chemicals company's stock valued at $480,972,000 after purchasing an additional 1,135,258 shares in the last quarter. Capital Research Global Investors increased its stake in LyondellBasell Industries by 470.1% in the third quarter. Capital Research Global Investors now owns 4,389,442 shares of the specialty chemicals company's stock valued at $215,258,000 after purchasing an additional 3,619,468 shares in the last quarter. Finally, Capital International Investors increased its stake in LyondellBasell Industries by 0.4% in the third quarter. Capital International Investors now owns 2,807,960 shares of the specialty chemicals company's stock valued at $137,702,000 after purchasing an additional 10,349 shares in the last quarter. Institutional investors own 71.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on LYB shares. Bank of America reaffirmed an "underperform" rating and issued a $55.00 price target on shares of LyondellBasell Industries in a research note on Monday, April 6th. Wall Street Zen raised shares of LyondellBasell Industries from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. Jefferies Financial Group lifted their price objective on shares of LyondellBasell Industries from $70.00 to $75.00 and gave the company a "hold" rating in a report on Thursday, April 16th. Royal Bank Of Canada lifted their price objective on shares of LyondellBasell Industries from $91.00 to $94.00 and gave the company an "outperform" rating in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of LyondellBasell Industries from $75.00 to $80.00 and gave the company a "hold" rating in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $76.59.

LyondellBasell Industries Trading Down 5.4%

Shares of LYB stock opened at $73.58 on Thursday. LyondellBasell Industries N.V. has a 52-week low of $41.58 and a 52-week high of $83.94. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.54. The company has a 50-day simple moving average of $71.43 and a two-hundred day simple moving average of $56.07. The company has a market capitalization of $23.75 billion, a price-to-earnings ratio of -29.55, a PEG ratio of 0.20 and a beta of 0.32.

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, topping analysts' consensus estimates of $0.31 by $0.18. The business had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $7.53 billion. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The firm's quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 EPS. Research analysts anticipate that LyondellBasell Industries N.V. will post 7.15 EPS for the current fiscal year.

LyondellBasell Industries Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Monday, March 2nd. LyondellBasell Industries's payout ratio is presently -110.84%.

Key Headlines Impacting LyondellBasell Industries

Here are the key news stories impacting LyondellBasell Industries this week:

• Positive Sentiment: UBS raised its price target to $82 from $79 while keeping a "neutral" rating, implying roughly an 11.4% upside vs. the quoted reference price; this reduces downside risk and supports near-term upside. UBS Adjusts PT
• Positive Sentiment: Deutsche Bank raised its target to $80 from $75 and kept a "hold" rating, signaling modest upside and helping underpin the stock after recent weakness. Deutsche Bank PT
• Positive Sentiment: BMO Capital Markets bumped its target to $88 from $82 (market perform), one of the most constructive calls and indicating double-digit upside potential. BMO PT
• Positive Sentiment: Goldman Sachs raised its target sharply to $75 from $51 but retained a "sell" rating — the higher target narrows the perceived downside even as the firm remains negative on shares. Goldman PT
• Positive Sentiment: The Globe and Mail flagged a new "buy" rating on LYB, which adds an incremental positive voice from the press/analyst community and may attract buyer interest. Globe and Mail Buy
• Negative Sentiment: Wells Fargo cut its target to $80 from $87 (equal weight), trimming prior upside and representing a direct downgrade of expectations that can pressure the stock. Wells Fargo PT Cut

Insiders Place Their Bets

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the business's stock in a transaction dated Monday, March 9th. The shares were 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 in the company, valued at $359,107,643.34. The trade was a 6.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is currently owned by insiders.

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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