Insider Trading Fri 3/14/25

Notable purchases -- CEO adds to PSEC; notable sales -- Chief Commercial Officer active in CYTK

Buyers

• AGM Director bought 1,000 shares of Class C Non-Voting Common Stock worth approximately $196K.
• ARCB Chief Financial Officer bought 700 shares at $74.89 worth ~$52K.
• ARES Director bought 10,000 shares of Class A common stock at $141.00 to $141.49 worth approximately $1.4 mln.
• CIM Director bought 12,500 shares at $13.28 - $13.40 worth approximately $166K.
• CRGY Director bought 30,000 shares of Class A Common Stock at $10.30 - $10.75 worth approximately $317K.
• DK Chairman of the Board and one (1) Director bought 6,780 combined shares worth approximately $99K.
• FRST Director bought 10,000 shares at $9.94 - $10.00 worth approximately $100K.
• LYB Director bought 3,750 Class A Ordinary Shares at $72.04 - $72.06 worth approximately $270K.
• ONTF 10% owner Lynrock Lake and one (1) Director bought 122,766 shares combined at $5.54 - $5.84 worth approximately $696K.
• PSEC Chief Executive Officer bought 2,000,000 shares worth approximately $8.6 mln.
• PTEN President / Chief Executive Officer bought 25,000 shares at $7.88 - $7.89 worth approximately $197K.
• RAPP Chief Financial Officer and one (1) Director bought 16,000 shares combined worth approximately $162K.
• RF Director bought 2,300 shares at $21.175 worth approximately $49K.
• TNL President & Chief Executive Officer bought 2,000 shares at $46.64 - $46.66 worth ~$93K.
• UAN 10% owner Carl Icahn bought another 11,345 common units at $74.56 - $74.80 worth approximately $847K.
• VG Chief Executive Officer / Founder and Executive Co-Chairman Michael Sabel, Executive Co-Chairman / Founder Robert Pender, and one (1) Director bought 512,000 shares of Class A Common Stock at $9.60 - $10.88 worth nearly $5.3 mln.
• WSC Chief Operating Officer bought 5,000 shares at $29.14 - $29.15 worth approximately $146K.
• ZYME 10% owner bought 1,081,980 shares at $11.11 - $12.55 worth approximately $13.1 mln.

Sellers

• AR Senior Vice President - Accounting and Chief Accounting Officer sold 9,830 shares at $35.60 worth approximately $350K.
• CYTK EVP, Chief Commercial Officer sold 26,771 shares at $43.62 worth approximately $1.2 mln.
• FNA 10% owner MVM Partners sold 1,044,295 shares at $13.01 - $13.065 worth approximately $13.6 mln.
• HURN Director sold 3,067 shares at $143.01 - $145,51 worth approximately $442K.

Lyondell Basell Industries (LYB) to lay off 345 workers

HOUSTON, Feb 27 (Reuters) - Lyondell Basell Industries (LYB) will lay off 345 workers, or 86% of the workforce, at its shuttered Houston refinery on April 17, according to a filing with the Texas Workforce Commission.

There are around 400 Lyondell employees working at the 263,776 barrel-per-day Houston refinery. About 70% of them are hourly workers represented by the United Steelworkers union (USW).

Reuters reported on February 18 that Lyondell Houston refinery layoffs were expected to begin in mid-April.

 

The workforce reduction comes after Lyondell completed the shutdown of the Houston refinery earlier this month, people familiar with plant operations told Reuters.

Houston Refining is one of the largest refineries in the United States designed to process heavy-sulfur crude oil, according to the company.

=LyondellBasell (LYB) reported earnings on Fri 27 Apr 2018 (b/o)

LyondellBasell beats by $0.34, beats on revs

• Reports Q1 (Mar) earnings of $3.11 per share, $0.34 better than the Capital IQ Consensus of $2.77; revenues rose 15.9% year/year to $9.77 bln vs the $9.43 bln Capital IQ Consensus.
• Outlook: "We are beginning to see the typical seasonal margin improvements in oxyfuels and refining, and we look forward to the benefits of continued high operating rates in the second quarter. Over the past two months, the U.S. market has experienced an imbalance between ethylene production and consumption, but this is expected to improve as the downstream derivative units attain full operating rates. Robust global demand and recent higher oil prices continue to support strong polyolefin pricing. LyondellBasell's organic growth program continues with our Hyperzone HDPE and PO/TBA projects on track"

-=LyondellBasell (LYB) reported earnings on Fri 22 Apr 2016 (b/o)

LyondellBasell beats by $0.20, misses on revs  :

• Reports Q1 (Mar) adj earnings of $2.48 per share, excluding non-recurring items, $0.20 better than the Capital IQ Consensus of $2.28; revenues fell 17.6% year/year to $6.74 bln vs the $7.08 bln Capital IQ Consensus. 
• Outlook: "As we look forward to the remainder of the second quarter, a significant amount of industry capacity will be offline in both the U.S. and Asia for scheduled maintenance. We believe this is tightening global olefin and polyolefin markets. Within our system, we have begun the maintenance turnaround and 800 million pound ethylene expansion at Corpus Christi and expect to ramp up toward full utilization of the expanded capacity during the third quarter. During the second quarter our refinery will operate at reduced rates as we repair damage from an April fire. At the same time, the refining and oxyfuels businesses have started to benefit from seasonal margin improvements,"