HighTower Advisors LLC Sells 2,297,461 Shares of LyondellBasell Industries N.V. $LYB

HighTower Advisors LLC trimmed its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 95.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 111,985 shares of the specialty chemicals company’s stock after selling 2,297,461 shares during the quarter. HighTower Advisors LLC’s holdings in LyondellBasell Industries were worth $4,849,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Stance Capital LLC bought a new stake in shares of LyondellBasell Industries during the third quarter worth $27,000. ORG Partners LLC lifted its position in shares of LyondellBasell Industries by 960.0% during the fourth quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 624 shares during the last quarter. United Community Bank lifted its position in shares of LyondellBasell Industries by 83.2% during the third quarter. United Community Bank now owns 623 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 283 shares during the last quarter. Quarry LP bought a new stake in shares of LyondellBasell Industries during the third quarter worth $31,000. Finally, Key Capital Management INC bought a new stake in shares of LyondellBasell Industries in the fourth quarter valued at about $34,000. 71.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at LyondellBasell Industries

In other news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the business’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 sale, the insider owned 5,270,918 shares in the company, valued at approximately $359,107,643.34. The trade was a 6.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.

LyondellBasell Industries Stock Performance

Shares of LyondellBasell Industries stock opened at $68.23 on Friday. The company has a market capitalization of $22.02 billion, a PE ratio of -27.40, a P/E/G ratio of 0.16 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. The company has a 50-day simple moving average of $73.75 and a two-hundred day simple moving average of $58.99. LyondellBasell Industries N.V. has a one year low of $41.58 and a one year high of $83.94.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results 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. The business had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $7.53 billion. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The firm’s revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 earnings per share. Research analysts expect that LyondellBasell Industries N.V. will post 8.73 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.69 per share. The ex-dividend date is Monday, June 1st. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.0%. LyondellBasell Industries’s payout ratio is presently -110.84%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LYB. Mizuho lifted their price objective on LyondellBasell Industries from $74.00 to $76.00 in a report on Friday, May 1st. KeyCorp upgraded LyondellBasell Industries from a “sector weight” rating to an “overweight” rating and set a $73.00 price objective for the company in a report on Wednesday, March 4th. Vertical Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Monday, March 9th. Jefferies Financial Group lifted their price objective on shares of LyondellBasell Industries from $70.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, April 16th. Finally, Wolfe Research lifted their price objective on shares of LyondellBasell Industries from $38.00 to $62.00 and gave the company an “underperform” rating in a report on Tuesday, April 14th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $77.24.

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.