Vanguard Group Inc. Purchases 61,602 Shares of LyondellBasell Industries N.V. $LYB

Key Points

• Vanguard Group Inc. modestly boosted its stake in LyondellBasell by 0.2% in Q4, buying 61,602 shares to hold 31,027,060 shares (9.64% ownership) valued at about $1.343 billion.
• Analysts are mixed with an average rating of "Hold" and an average target of $73, though recent revisions ranged from Wolfe's $62 (underperform) to RBC's $91 (outperform).
• The company recently paid a quarterly dividend of $0.69 ($2.76 annual, ~3.7% yield) after cutting payouts, and shows a concerning negative payout ratio of -118.45%, signaling earnings pressure.

Vanguard Group Inc. boosted its position in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 0.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 31,027,060 shares of the specialty chemicals company's stock after acquiring an additional 61,602 shares during the period. Vanguard Group Inc. owned 9.64% of LyondellBasell Industries worth $1,343,472,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Stance Capital LLC purchased a new position in LyondellBasell Industries in the 3rd quarter valued at approximately $27,000. Quent Capital LLC bought a new position in shares of LyondellBasell Industries in the third quarter worth $29,000. United Community Bank grew its position in shares of LyondellBasell Industries by 83.2% in the third 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 in the last quarter. Quarry LP purchased a new position in shares of LyondellBasell Industries in the third quarter valued at $31,000. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of LyondellBasell Industries during the 2nd quarter valued at $39,000. Hedge funds and other institutional investors own 71.20% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on LYB. Wolfe Research raised their target price on LyondellBasell Industries from $38.00 to $62.00 and gave the stock an "underperform" rating in a research note on Tuesday, April 14th. Alembic Global Advisors raised shares of LyondellBasell Industries from a "neutral" rating to an "overweight" rating in a report on Thursday, April 9th. Royal Bank Of Canada boosted their price objective on shares of LyondellBasell Industries from $82.00 to $91.00 and gave the company an "outperform" rating in a research note on Friday, April 10th. Evercore raised their price target on shares of LyondellBasell Industries from $57.00 to $70.00 in a report on Wednesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of LyondellBasell Industries from $52.00 to $75.00 and gave the stock a "hold" rating in a report on Thursday, March 19th. One 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $73.00.

LyondellBasell Industries Stock Performance

LyondellBasell Industries stock opened at $74.73 on Friday. LyondellBasell Industries N.V. has a fifty-two week low of $41.58 and a fifty-two week high of $83.94. 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 has a market cap of $24.12 billion, a P/E ratio of -32.07, a price-to-earnings-growth ratio of 0.26 and a beta of 0.40. The firm's fifty day moving average price is $70.67 and its 200-day moving average price is $55.53.

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

LyondellBasell Industries Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, March 2nd were given a dividend of $0.69 per share. The ex-dividend date was Monday, March 2nd. This represents a $2.76 annualized dividend and a dividend yield of 3.7%. LyondellBasell Industries's dividend payout ratio is -118.45%.

Insider Activity at LyondellBasell Industries

In related news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the firm's stock in a transaction dated 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 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company 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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