LyondellBasell Industries N.V. $LYB Shares Bought by Ritholtz Wealth Management

Key Points

• Ritholtz Wealth Management boosted its stake in LyondellBasell by 48.1% in Q4, adding 13,356 shares to hold 41,133 shares valued at about $1.78 million.
• LyondellBasell reported a (-$0.26) EPS on $7.09 billion in quarterly revenue and recently paid a $0.69 quarterly dividend (annualized $2.76), representing a 3.7% yield.
• MarketBeat's consensus rating is Hold with an average price target of $68.67; institutional investors own roughly 71.2% of the stock, and major shareholder Ai Investments sold 384,548 shares on March 9.

Ritholtz Wealth Management boosted its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 48.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 41,133 shares of the specialty chemicals company's stock after acquiring an additional 13,356 shares during the period. Ritholtz Wealth Management's holdings in LyondellBasell Industries were worth $1,781,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in LYB. Capital A Wealth Management LLC raised its position in LyondellBasell Industries by 6,314.3% during the second quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company's stock worth $26,000 after acquiring an additional 442 shares during the period. Stance Capital LLC purchased a new position in LyondellBasell Industries in the 3rd quarter valued at about $27,000. Quent Capital LLC purchased a new position in LyondellBasell Industries in the 3rd quarter valued at about $29,000. ORG Partners LLC lifted its stake in LyondellBasell Industries by 960.0% in the 4th quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company's stock valued at $30,000 after buying an additional 624 shares in the last quarter. Finally, United Community Bank lifted its stake in LyondellBasell Industries by 83.2% in the 3rd quarter. United Community Bank now owns 623 shares of the specialty chemicals company's stock valued at $31,000 after buying an additional 283 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LYB. Fermium Researc raised shares of LyondellBasell Industries from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 9th. Wolfe Research decreased their price target on shares of LyondellBasell Industries from $39.00 to $38.00 and set an "underperform" rating on the stock in a research note on Monday, February 2nd. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of LyondellBasell Industries in a research note on Thursday, January 22nd. The Goldman Sachs Group reaffirmed a "sell" rating on shares of LyondellBasell Industries in a research note on Monday, February 2nd. Finally, Wall Street Zen raised shares of LyondellBasell Industries from a "sell" rating to a "hold" rating in a research note on Saturday, March 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $68.67.

LyondellBasell Industries Stock Up 2.3%

LYB stock opened at $75.41 on Tuesday. The company has a market cap of $24.30 billion, a price-to-earnings ratio of -32.37, a PEG ratio of 0.31 and a beta of 0.40. The company has a current ratio of 1.77, a quick ratio of 1.20 and a debt-to-equity ratio of 1.20. LyondellBasell Industries N.V. has a 12 month low of $41.58 and a 12 month high of $83.94. The firm has a 50-day moving average of $66.70 and a two-hundred day moving average of $53.51.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings data on Saturday, February 21st. The specialty chemicals company reported ($0.26) 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, 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. Shareholders of record on Monday, March 2nd were issued a $0.69 dividend. The ex-dividend date was Monday, March 2nd. This represents a $2.76 dividend on an annualized basis and a yield of 3.7%. LyondellBasell Industries's dividend payout ratio is presently -118.45%.

Insider Buying and Selling

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the 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 completion of the sale, the insider owned 5,270,918 shares in the company, 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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.14% of the company's stock.

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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