Patriot Financial Group Insurance Agency LLC Buys Shares of 8,903 LyondellBasell Industries N.V. $LYB

Patriot Financial Group Insurance Agency LLC bought a new stake in LyondellBasell Industries N.V. (NYSE:LYB) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 8,903 shares of the specialty chemicals company’s stock, valued at approximately $386,000.

Other large investors have also recently modified their holdings of the company. Hosking Partners LLP boosted its holdings in shares of LyondellBasell Industries by 33.3% in the 3rd quarter. Hosking Partners LLP now owns 595,587 shares of the specialty chemicals company’s stock valued at $29,208,000 after purchasing an additional 148,673 shares in the last quarter. Capital World Investors lifted its stake in shares of LyondellBasell Industries by 13.1% in the 3rd quarter. Capital World Investors now owns 9,807,743 shares of the specialty chemicals company’s stock valued at $480,972,000 after acquiring an additional 1,135,258 shares during the last quarter. Bruce & Co. Inc. lifted its stake in shares of LyondellBasell Industries by 50.0% in the 3rd quarter. Bruce & Co. Inc. now owns 60,000 shares of the specialty chemicals company’s stock valued at $2,942,000 after acquiring an additional 20,000 shares during the last quarter. TD Asset Management Inc lifted its stake in shares of LyondellBasell Industries by 12.8% in 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 acquiring an additional 32,401 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of LyondellBasell Industries by 3.5% in the 3rd quarter. Barclays PLC now owns 1,006,356 shares of the specialty chemicals company’s stock valued at $49,352,000 after acquiring an additional 33,873 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on LYB shares. KeyCorp upgraded LyondellBasell Industries from a “sector weight” rating to an “overweight” rating and set a $73.00 price target for the company in a research note on Wednesday, March 4th. Wolfe Research increased their price target on LyondellBasell Industries from $38.00 to $62.00 and gave the company an “underperform” rating in a research note on Tuesday, April 14th. Royal Bank Of Canada increased their price target on LyondellBasell Industries from $82.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, April 10th. Jefferies Financial Group increased their price target on LyondellBasell Industries from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday. Finally, Vertical Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, LyondellBasell Industries presently has an average rating of “Hold” and an average price target of $71.06.

LyondellBasell Industries Stock Up 0.2%

Shares of NYSE:LYB opened at $66.40 on Monday. The firm has a market cap of $21.43 billion, a P/E ratio of -28.50, a P/E/G ratio of 0.27 and a beta of 0.40. The company has a quick ratio of 1.20, a current ratio of 1.77 and a debt-to-equity ratio of 1.20. LyondellBasell Industries N.V. has a 12-month low of $41.58 and a 12-month high of $83.94. The business has a fifty day simple moving average of $68.07 and a 200 day simple moving average of $54.17.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Saturday, February 21st. The specialty chemicals company reported ($0.26) earnings per share (EPS) for the quarter. The company had revenue of $7.09 billion for the quarter. LyondellBasell Industries had a positive return on equity of 4.93% and a negative net margin of 2.46%. Analysts predict that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Monday, March 2nd were given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Monday, March 2nd. LyondellBasell Industries’s dividend payout ratio (DPR) is currently -118.45%.

Insider Transactions 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 stock was sold at an average price of $68.13, for a total transaction 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 $359,107,643.34. This trade represents a 6.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

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.