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LONDON—Michael Sean Hanley, a director at LyondellBasell Industries N.V. (NYSE:LYB), recently acquired 3,750 Class A ordinary shares of the company. The transaction, executed on March 12, 2025, was valued at approximately $270,196, with shares purchased at a weighted-average price of $72.0524. The prices for these shares ranged between $72.04 and $72.06. The purchase comes as the stock trades near its 52-week low of $71.98, with InvestingPro analysis indicating the stock is currently undervalued.
Following this acquisition, Hanley holds a total of 16,028 shares, which includes restricted stock units granted as part of LyondellBasell’s long-term incentive plan. The company, headquartered in Rotterdam, operates within the industrial organic chemicals sector. With a market capitalization of $23.45 billion, LyondellBasell maintains a "GOOD" financial health score according to InvestingPro metrics, and offers a notable 7.4% dividend yield.
In other recent news, LyondellBasell Industries reported its financial performance for the fourth quarter and full year 2024, revealing earnings per share of $6.40 and an EBITDA of $4.3 billion. Despite challenges in the Olefins & Polyolefins segments, the company maintained robust free cash flow, which comfortably covered dividends and capital expenditures. BMO Capital Markets adjusted its outlook on LyondellBasell by lowering the price target to $82 from $87, maintaining a Market Perform rating, following the company’s mixed fourth-quarter results. The company’s management anticipates similar results for the next quarter, with seasonal improvements expected to be offset by higher raw material costs.
LyondellBasell highlighted strategic growth in its circular and low-carbon solutions, with volumes increasing by 65% during the year. The company returned $1.9 billion to shareholders through dividends and buybacks, emphasizing its commitment to shareholder returns. Strategic acquisitions and facility expansions were also noted as factors bolstering future growth. Looking ahead, LyondellBasell projects capital expenditure for 2025 at approximately $1.9 billion, with a focus on growth in the circular plastics market. The company remains committed to maintaining its dividend growth trajectory and continuing the strategic review of its European operations.
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