New Age Alpha Advisors LLC Has $1.72 Million Stock Position in LyondellBasell Industries N.V. $LYB

Key Points

• New Age Alpha Advisors cut its LyondellBasell stake by 36.3% in the fourth quarter, leaving it with 39,731 shares valued at about $1.72 million.
• Wall Street sentiment is mixed: the stock has a consensus rating of Hold with an average target price of $76.18, even as some analysts recently upgraded their views and Citigroup lowered its target to $80.
• LyondellBasell recently beat earnings expectations, reporting $0.49 EPS versus the $0.31 estimate, but revenue came in below forecasts at $7.20 billion and was down 6.3% year over year. The company also announced a quarterly dividend of $0.69 per share, implying a 4.1% annual yield.

New Age Alpha Advisors LLC trimmed its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 36.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,731 shares of the specialty chemicals company's stock after selling 22,657 shares during the period. New Age Alpha Advisors LLC's holdings in LyondellBasell Industries were worth $1,720,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Capital World Investors raised its position in shares of LyondellBasell Industries by 13.1% during the third quarter. Capital World Investors now owns 9,807,743 shares of the specialty chemicals company's stock worth $480,972,000 after acquiring an additional 1,135,258 shares during the last quarter. Bruce & Co. Inc. raised its holdings in LyondellBasell Industries by 50.0% during the 3rd quarter. Bruce & Co. Inc. now owns 60,000 shares of the specialty chemicals company's stock worth $2,942,000 after purchasing an additional 20,000 shares during the last quarter. TD Asset Management Inc lifted its position in LyondellBasell Industries by 12.8% during the 3rd quarter. TD Asset Management Inc now owns 286,067 shares of the specialty chemicals company's stock valued at $14,029,000 after purchasing an additional 32,401 shares during the period. Barclays PLC grew its position in shares of LyondellBasell Industries by 3.5% during the 3rd quarter. Barclays PLC now owns 1,006,356 shares of the specialty chemicals company's stock worth $49,352,000 after buying an additional 33,873 shares during the period. Finally, Capital International Inc. CA raised its stake in shares of LyondellBasell Industries by 29.2% during the third quarter. Capital International Inc. CA now owns 69,146 shares of the specialty chemicals company's stock worth $3,391,000 after buying an additional 15,644 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on LYB shares. Citigroup lowered their target price on shares of LyondellBasell Industries from $90.00 to $80.00 and set a "buy" rating for the company in a report on Wednesday. Fermium Researc upgraded LyondellBasell Industries from a "hold" rating to a "strong-buy" rating in a report on Monday, March 9th. Zacks Research upgraded LyondellBasell Industries from a "hold" rating to a "strong-buy" rating in a report on Friday, May 1st. Alembic Global Advisors raised LyondellBasell Industries from a "neutral" rating to an "overweight" rating in a research note on Thursday, April 9th. Finally, Mizuho lifted their price objective on shares of LyondellBasell Industries from $74.00 to $76.00 in a research note on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $76.18.

LyondellBasell Industries Stock Down 2.0%

Shares of LyondellBasell Industries stock opened at $67.61 on Thursday. The company has a market capitalization of $21.82 billion, a P/E ratio of -27.15, a price-to-earnings-growth ratio of 0.16 and a beta of 0.32. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.54 and a quick ratio of 1.03. The business has a 50-day moving average of $73.81 and a two-hundred day moving average of $58.81. LyondellBasell Industries N.V. has a 1 year low of $41.58 and a 1 year high of $83.94.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings data on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.18. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.The business had revenue of $7.20 billion for the quarter, compared to analysts' expectations of $7.53 billion. During the same quarter in the previous year, the business posted $0.33 EPS. LyondellBasell Industries's revenue for the quarter was down 6.3% on a year-over-year basis. As a group, equities analysts predict that LyondellBasell Industries N.V. will post 8.73 EPS for the current year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Monday, June 1st will be paid a $0.69 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.76 dividend on an annualized basis and a yield of 4.1%. LyondellBasell Industries's payout ratio is presently -110.84%.

Insiders Place Their Bets

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 shares were sold at an average price of $68.13, for a total value of $26,199,255.24. Following the completion of the transaction, the insider owned 5,270,918 shares in the company, valued at $359,107,643.34. This represents a 6.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.14% of the company's stock.

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.

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