PFA Pension Forsikringsaktieselskab Acquires Shares of 141,532 LyondellBasell Industries N.V. $LYB

Key Points

• PFA Pension Forsikringsaktieselskab acquired a new stake of 141,532 shares of LyondellBasell (NYSE:LYB) in Q4, valued at approximately $6.18 million.
• Ai Investments Holdings LLC sold 384,548 shares on March 9 at an average price of $68.13 for about $26.2 million, reducing its ownership by 6.8%.
• LyondellBasell reported quarterly EPS of $0.49 (beat vs. $0.31 estimate) while revenue fell 6.3% to $7.2 billion, and the company paid a quarterly dividend of $0.69 (annualized $2.76, ~3.6% yield).

PFA Pension Forsikringsaktieselskab acquired a new stake in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 141,532 shares of the specialty chemicals company's stock, valued at approximately $6,179,000.

A number of other hedge funds also recently bought and sold shares of LYB. Stance Capital LLC purchased a new stake in LyondellBasell Industries during the third quarter valued at about $27,000. Quent Capital LLC purchased a new stake in LyondellBasell Industries during the third quarter valued at about $29,000. ORG Partners LLC lifted its stake in LyondellBasell Industries by 960.0% during the fourth 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. United Community Bank lifted its stake in LyondellBasell Industries by 83.2% during the third 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. Finally, Quarry LP purchased a new stake in LyondellBasell Industries during the third quarter valued at about $31,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

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 that occurred on Monday, March 9th. The stock was sold at an average price of $68.13, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.14% of the stock is currently owned by company insiders.

LyondellBasell Industries Trading Up 1.3%

NYSE:LYB opened at $76.00 on Tuesday. The stock's 50 day moving average price is $70.67 and its 200 day moving average price is $55.66. LyondellBasell Industries N.V. has a 52 week low of $41.58 and a 52 week high of $83.94. The company has a market capitalization of $24.53 billion, a P/E ratio of -30.52, a P/E/G ratio of 0.26 and a beta of 0.32. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.54.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings data on Friday, May 1st. The specialty chemicals company reported $0.49 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $7.53 billion. During the same quarter in the prior year, the company posted $0.33 earnings per share. The firm's revenue was down 6.3% on a year-over-year basis. On average, research analysts forecast that LyondellBasell Industries N.V. will post 5.44 EPS for the current fiscal year.

LyondellBasell Industries Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 3.6%. The ex-dividend date was Monday, March 2nd. LyondellBasell Industries's dividend payout ratio (DPR) is -110.84%.

Analysts Set New Price Targets

A number of analysts have commented on LYB shares. Bank of America reaffirmed an "underperform" rating and set a $55.00 price objective on shares of LyondellBasell Industries in a research note on Monday, April 6th. JPMorgan Chase & Co. upped their price objective on shares of LyondellBasell Industries from $50.00 to $75.00 and gave the company a "neutral" rating in a research note on Monday. BMO Capital Markets increased their price target on shares of LyondellBasell Industries from $68.00 to $82.00 and gave the stock a "market perform" rating in a research report on Monday, April 13th. Alembic Global Advisors raised shares of LyondellBasell Industries from a "neutral" rating to an "overweight" rating in a research report on Thursday, April 9th. Finally, Fermium Researc raised shares of LyondellBasell Industries from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat, LyondellBasell Industries has a consensus rating of "Hold" and a consensus target price of $74.76.

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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