Assenagon Asset Management S.A. reduces stake in LyondellBasell Industries by 8.3% in Q4
April 2, 2024
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LYONDELLBASELL INDUSTRIES N.V ($NYSE:LYB) is a multinational chemical company with headquarters in the Netherlands. The company’s stock, traded on the New York Stock Exchange under the ticker symbol LYB, has been performing well in recent years. This was largely due to the company’s strong financial performance and its focus on sustainability. LYB has made significant investments in renewable energy and reducing its carbon footprint, which has appealed to investors and stakeholders alike. This means that the investment firm sold off a portion of its shares in LYB, decreasing its overall ownership in the company. It is important to note that this reduction only represents a small percentage of LYB’s total outstanding shares, and Assenagon Asset Management S.A. remains a significant shareholder in the company. The reason for the decrease in LYB holdings is not specified in the 13F filing, but it could be due to a variety of factors. Investment firms often adjust their portfolios based on market conditions and their own investment strategies.
It is possible that Assenagon Asset Management S.A. saw better opportunities for growth and decided to reallocate its resources accordingly. Despite this decrease in holdings, LYB remains a strong and stable company with a solid financial position. The company’s commitment to sustainability and its continued focus on innovation make it an attractive investment option for many investors. As the global demand for plastics and chemicals continues to grow, LYB is well-positioned to capitalize on this trend and generate strong returns for its shareholders. In conclusion, while Assenagon Asset Management S.A. reduced its stake in LYB in the fourth quarter, it is not a cause for concern. LYB remains a strong and reputable company in the chemical industry, and its stock performance reflects this. Investors should continue to keep an eye on LYB as it navigates through the ever-changing market conditions and continues to drive growth and innovation in the industry.
Analysis
After conducting a thorough analysis of LYONDELLBASELL INDUSTRIES N.V, I have concluded that it is classified as a ‘rhino’ company according to the Star Chart. This means that the company has achieved moderate revenue or earnings growth. This information can be valuable for investors as it gives an indication of the company’s financial performance and potential for future growth. As a financial analyst, I often come across different types of companies, each with its own unique characteristics. In the case of LYONDELLBASELL INDUSTRIES N.V, the ‘rhino’ classification suggests that it may appeal to a certain type of investor. These could be individuals or institutions looking for moderate growth potential and stability in their investments. Based on my analysis, LYONDELLBASELL INDUSTRIES N.V has strengths in its assets and dividends, and is moderately profitable. However, it has a weaker performance in terms of growth. This information can be helpful in understanding the company’s overall financial health and potential for future returns. One key aspect that stood out to me during my analysis was the company’s strong health score of 8/10. This indicates that LYONDELLBASELL INDUSTRIES N.V has a solid cash flow and manageable debt levels. This is important for investors to know as it suggests that the company is well-equipped to weather any financial crises without the risk of bankruptcy. In conclusion, LYONDELLBASELL INDUSTRIES N.V may be appealing to investors looking for moderate growth potential and stability in their investments. Its strong health score and performance in assets, dividends, and profitability make it a potentially attractive option for those seeking a reliable investment opportunity. However, its weaker performance in growth may not be as attractive to those seeking higher returns in a shorter period of time. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for LYB. More…
| Total Revenues | Net Income | Net Margin |
| 41.11k | 2.11k | 6.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for LYB. More…
| Operations | Investing | Financing |
| 4.94k | -1.78k | -1.95k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for LYB. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 37k | 23.94k | 39.85 |
Key Ratios Snapshot
Some of the financial key ratios for LYB are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.0% | 18.6% | 7.6% |
| FCF Margin | ROE | ROA |
| 8.3% | 14.8% | 5.2% |
Peers
LyondellBasell Industries NV is a global chemical company with operations in over 80 countries. The company produces a wide range of products, including chemicals, plastics, and fuels. LyondellBasell is one of the world’s largest chemical companies, with revenues of over $30 billion in 2017. The company’s competitors include OCI NV, Brenntag SE, and Solvay SA.
– OCI NV ($LTS:0QGH)
OCI NV is a Netherlands-based chemical company. It produces and sells nitrogen-based fertilizers, industrial chemicals and natural gas. The company has a market cap of 8.57B as of 2022 and a Return on Equity of 66.91%. OCI NV is a leading provider of nitrogen-based fertilizers and industrial chemicals. The company operates in over 80 countries and employs over 24,000 people.
– Brenntag SE ($OTCPK:BNTGY)
Brenntag SE is a global leader in chemical distribution. They provide chemistry solutions for industry and commerce. The company has a market cap of 8.65B as of 2022 and a Return on Equity of 16.33%. Brenntag SE has a long history of success and is a trusted partner for their customers.
– Solvay SA ($LTS:0NZR)
Solvay SA is a Belgium-based company engaged in the chemicals sector. It operates in three business segments, namely, Advanced Materials, Performance Chemicals and Functional Polymers. The Advanced Materials segment provides products for the aerospace, automotive, electronics and energy markets, among others. The Performance Chemicals segment offers products for the detergents and cosmetics industry, as well as for the agricultural and mining sector. The Functional Polymers segment provides products for the construction, automotive and packaging markets. The Company has a portfolio of over 30,000 products, which are marketed under various brands, including Solvay, Anderol, Cytec, Delstar, Dyneamics, Forane, Ixef, Novecare, Rhodia and Sylvacur. As of December 31, 2011, it operated a total of 313 industrial sites worldwide.
Summary
Assenagon Asset Management S.A. recently decreased its holdings in LyondellBasell Industries by 8.3% in the fourth quarter. This move could suggest a lack of confidence in the company’s future performance. It is important for investors to closely monitor changes in institutional ownership, as they can be indicative of an organization’s overall outlook.
Additionally, investors should consider other factors such as financial health, industry trends, and company news when analyzing potential investments in LyondellBasell Industries. Ultimately, conducting thorough research and staying informed about market updates can help investors make informed decisions when it comes to investing in this company.
