Stablepoint Partners LLC Has $2.76 Million Stock Position in LyondellBasell Industries N.V. $LYB

Key Points

• Stablepoint Partners trimmed its stake in LyondellBasell (NYSE:LYB) by 21.1% in Q4, selling 17,027 shares and ending the period with 63,821 shares worth about $2.76 million.
• Ai Investments Holdings LLC sold 384,548 LYB shares on March 9 for roughly $26.2 million, cutting its ownership by 6.8% to 5,270,918 shares (about $359.1 million).
• Analysts are mixed but the consensus rating is Hold with a $65.61 target, even as several firms recently raised price targets (RBC to $82, Wells Fargo to $70, Deutsche Bank to $75).

Stablepoint Partners LLC lowered its stake in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 21.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 63,821 shares of the specialty chemicals company's stock after selling 17,027 shares during the quarter. Stablepoint Partners LLC's holdings in LyondellBasell Industries were worth $2,763,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Capital A Wealth Management LLC raised its holdings in shares of 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. Parvin Asset Management LLC acquired a new position in LyondellBasell Industries in the 2nd quarter worth $26,000. Vermillion & White Wealth Management Group LLC increased its holdings in LyondellBasell Industries by 97.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 534 shares of the specialty chemicals company's stock worth $31,000 after purchasing an additional 264 shares in the last quarter. Stance Capital LLC acquired a new stake in shares of LyondellBasell Industries in the 3rd quarter valued at about $27,000. Finally, Quent Capital LLC acquired a new stake in shares of LyondellBasell Industries in the 3rd quarter valued at about $29,000. Institutional investors own 71.20% of the company's stock.

Insider Buying and Selling at LyondellBasell Industries

In related news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the firm's 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 completion of the transaction, the insider directly owned 5,270,918 shares of the company's stock, valued at approximately $359,107,643.34. This trade represents a 6.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.14% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on LYB shares. Wells Fargo & Company upped their price objective on LyondellBasell Industries from $48.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Friday, March 13th. Weiss Ratings reissued a "sell (d+)" rating on shares of LyondellBasell Industries in a research report on Thursday, January 22nd. Royal Bank Of Canada raised LyondellBasell Industries from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from $51.00 to $82.00 in a research report on Monday, March 9th. Fermium Researc raised shares of LyondellBasell Industries from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 9th. Finally, 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 report on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $65.61.

LyondellBasell Industries Price Performance

NYSE:LYB opened at $77.66 on Friday. LyondellBasell Industries N.V. has a 52-week low of $41.58 and a 52-week high of $78.68. The company has a market cap of $25.02 billion, a P/E ratio of -33.33, a P/E/G ratio of 0.44 and a beta of 0.64. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.20 and a current ratio of 1.77. The stock's 50-day simple moving average is $60.14 and its 200 day simple moving average is $51.42.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly earnings results on Friday, February 20th. The specialty chemicals company reported ($0.26) EPS for the quarter. The company had revenue of $7.09 billion for the quarter. LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.93%. As a group, sell-side analysts forecast that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, March 2nd were issued a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, March 2nd. LyondellBasell Industries's dividend payout ratio is presently -118.45%.

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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