Ameriprise Financial Inc. Buys 376,468 Shares of LyondellBasell Industries (NYSE:LYB)

Ameriprise Financial Inc. raised its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 127.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 671,391 shares of the specialty chemicals company's stock after buying an additional 376,468 shares during the quarter. Ameriprise Financial Inc. owned about 0.21% of LyondellBasell Industries worth $49,848,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of LYB. Barclays PLC boosted its holdings in LyondellBasell Industries by 7.3% in the 3rd quarter. Barclays PLC now owns 948,211 shares of the specialty chemicals company's stock valued at $90,933,000 after purchasing an additional 64,359 shares during the period. Principal Financial Group Inc. raised its position in shares of LyondellBasell Industries by 6.3% during the third quarter. Principal Financial Group Inc. now owns 307,496 shares of the specialty chemicals company's stock valued at $29,489,000 after buying an additional 18,311 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of LyondellBasell Industries by 3.7% in the third quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company's stock valued at $501,501,000 after buying an additional 187,150 shares during the period. Czech National Bank grew its position in LyondellBasell Industries by 6.3% during the fourth quarter. Czech National Bank now owns 56,331 shares of the specialty chemicals company's stock worth $4,184,000 after buying an additional 3,352 shares in the last quarter. Finally, Matrix Trust Co increased its stake in LyondellBasell Industries by 926.0% during the fourth quarter. Matrix Trust Co now owns 3,232 shares of the specialty chemicals company's stock valued at $240,000 after acquiring an additional 2,917 shares during the period. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock traded down $1.09 during trading hours on Wednesday, hitting $59.25. 3,985,656 shares of the stock were exchanged, compared to its average volume of 2,589,683. The business's 50-day moving average is $63.30 and its two-hundred day moving average is $73.06. LyondellBasell Industries has a 12 month low of $51.11 and a 12 month high of $101.94. The stock has a market capitalization of $19.04 billion, a P/E ratio of 14.31, a P/E/G ratio of 0.97 and a beta of 0.87. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. The business had revenue of $7.68 billion during the quarter, compared to analyst estimates of $7.69 billion. During the same quarter last year, the business posted $1.53 earnings per share. The business's quarterly revenue was down 7.6% compared to the same quarter last year. Equities research analysts expect that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a dividend of $1.34 per share. The ex-dividend date was Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 9.05%. LyondellBasell Industries's payout ratio is 165.43%.

Wall Street Analysts Forecast Growth

LYB has been the subject of a number of research reports. Citigroup reduced their price objective on LyondellBasell Industries from $66.00 to $58.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. BMO Capital Markets decreased their price target on shares of LyondellBasell Industries from $71.00 to $65.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 30th. The Goldman Sachs Group lowered their price target on shares of LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating on the stock in a report on Monday, April 28th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $60.00 price objective (down from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. Finally, StockNews.com lowered shares of LyondellBasell Industries from a "hold" rating to a "sell" rating in a research report on Monday, April 28th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, LyondellBasell Industries presently has an average rating of "Hold" and a consensus target price of $69.75.

Insider Activity at LyondellBasell Industries

In other news, Director Michael Sean Hanley acquired 3,750 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was purchased at an average cost of $72.05 per share, with a total value of $270,187.50. Following the acquisition, the director now owns 16,028 shares of the company's stock, valued at $1,154,817.40. This trade represents a 30.54% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is currently owned by company insiders.

About LyondellBasell Industries

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.