LyondellBasell Industries N.V. $LYB Stock Holdings Reduced by OLD National Bancorp IN

Key Points

• OLD National Bancorp IN cut its position in LyondellBasell by 45.6% in Q4, selling 36,308 shares and leaving it with 43,300 shares worth about $1.875 million.
• Major shareholder Ai Investments Holdings sold 384,548 LYB shares on March 9 at an average price of $68.13, raising roughly $26.2 million and reducing its stake by 6.8% to 5,270,918 shares.
• LyondellBasell recently paid a quarterly dividend of $0.69 (annualized $2.76, yield ~4.0%) while reporting a quarterly EPS of -$0.26; analysts have a MarketBeat consensus rating of Hold with a $72.05 price target.

OLD National Bancorp IN lowered its position in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 45.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,300 shares of the specialty chemicals company's stock after selling 36,308 shares during the quarter. OLD National Bancorp IN's holdings in LyondellBasell Industries were worth $1,875,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LYB. Stance Capital LLC purchased a new position in LyondellBasell Industries in the third quarter valued at about $27,000. Quent Capital LLC purchased a new position in LyondellBasell Industries in the third quarter valued at about $29,000. ORG Partners LLC lifted its stake in shares of 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 purchasing an additional 624 shares during the last quarter. United Community Bank lifted its stake in shares of 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 purchasing an additional 283 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of LyondellBasell Industries in the 3rd quarter valued at $31,000. Hedge funds and other institutional investors own 71.20% of the company's stock.

Insider Buying and Selling

In related news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of LyondellBasell Industries stock in a transaction on 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 owned 5,270,918 shares in the company, valued at $359,107,643.34. This trade represents a 6.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.14% of the stock is owned by company insiders.

LyondellBasell Industries Stock Performance

Shares of LYB opened at $69.82 on Friday. The company has a market capitalization of $22.54 billion, a PE ratio of -29.97, a price-to-earnings-growth ratio of 0.25 and a beta of 0.40. LyondellBasell Industries N.V. has a one year low of $41.58 and a one year high of $83.94. 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's fifty day moving average price is $69.36 and its 200 day moving average price is $54.84.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its earnings results on Saturday, February 21st. The specialty chemicals company reported ($0.26) EPS for the quarter. The firm had revenue of $7.09 billion during the quarter. LyondellBasell Industries had a positive return on equity of 4.93% and a negative net margin of 2.46%. As a group, analysts expect that LyondellBasell Industries N.V. will post 5.44 earnings per share for the current year.

LyondellBasell Industries Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Monday, March 2nd were issued a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 4.0%. The ex-dividend date was Monday, March 2nd. LyondellBasell Industries's dividend payout ratio (DPR) is -118.45%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of LyondellBasell Industries from $52.00 to $75.00 and gave the company a "hold" rating in a research note on Thursday, March 19th. Wells Fargo & Company lifted their price objective on shares of LyondellBasell Industries from $70.00 to $87.00 and gave the company an "equal weight" rating in a research note on Monday, March 30th. Alembic Global Advisors raised shares of LyondellBasell Industries from a "neutral" rating to an "overweight" rating in a research note on Thursday, April 9th. Morgan Stanley lifted their price objective on shares of LyondellBasell Industries from $52.00 to $77.00 and gave the company an "overweight" rating in a research note on Tuesday. Finally, Wolfe Research lifted their price objective on shares of LyondellBasell Industries from $38.00 to $62.00 and gave the company an "underperform" rating in a research note on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, LyondellBasell Industries currently has a consensus rating of "Hold" and a consensus price target of $72.05.

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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