Verity & Verity LLC Has $13.78 Million Position in LyondellBasell Industries N.V. $LYB

Verity & Verity LLC reduced its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 5.0% during the fourth quarter, HoldingsChannel reports. The firm owned 318,132 shares of the specialty chemicals company’s stock after selling 16,760 shares during the quarter. Verity & Verity LLC’s holdings in LyondellBasell Industries were worth $13,775,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in LYB. Stance Capital LLC acquired a new stake in shares of LyondellBasell Industries in the 3rd quarter valued at approximately $27,000. Clearstead Advisors LLC boosted its stake in shares of LyondellBasell Industries by 140.3% in the 4th quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 390 shares in the last quarter. ORG Partners LLC boosted its stake in shares of LyondellBasell Industries by 960.0% in the 4th quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock valued at $30,000 after purchasing an additional 624 shares in the last quarter. United Community Bank boosted its stake in shares of LyondellBasell Industries by 83.2% in the 3rd 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. Finally, Quarry LP acquired a new stake in shares of LyondellBasell Industries in the 3rd quarter valued at approximately $31,000. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on LYB. Zacks Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. Wall Street Zen upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Alembic Global Advisors upgraded shares of LyondellBasell Industries from a “neutral” rating to an “overweight” rating in a research report on Thursday, April 9th. BMO Capital Markets lifted their target price on shares of LyondellBasell Industries from $82.00 to $88.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 5th. Finally, Evercore lifted their target price on shares of LyondellBasell Industries from $70.00 to $73.00 in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, LyondellBasell Industries currently has a consensus rating of “Hold” and an average price target of $77.24.

Insider Buying and Selling at LyondellBasell Industries

In related news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 5,270,918 shares of the company’s stock, valued at approximately $359,107,643.34. The trade was a 6.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.14% of the company’s stock.

LyondellBasell Industries Stock Performance

NYSE:LYB opened at $66.49 on Friday. The firm has a market capitalization of $21.46 billion, a P/E ratio of -26.70, a P/E/G ratio of 0.15 and a beta of 0.32. The company has a fifty day moving average of $73.57 and a 200-day moving average of $59.04. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 1.12. LyondellBasell Industries N.V. has a twelve month low of $41.58 and a twelve month high of $83.94.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.18. The business had revenue of $7.20 billion during the quarter, compared to analyst estimates of $7.53 billion. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. LyondellBasell Industries’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.33 EPS. As a group, sell-side analysts anticipate that LyondellBasell Industries N.V. will post 8.73 EPS for the current year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Monday, June 1st. LyondellBasell Industries’s payout ratio is currently -110.84%.

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.