DoubleLine ETF Adviser LP Invests $2.14 Million in LyondellBasell Industries (NYSE:LYB)

DoubleLine ETF Adviser LP bought a new stake in shares of LyondellBasell Industries (NYSE:LYB - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 28,831 shares of the specialty chemicals company's stock, valued at approximately $2,141,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Webster Bank N. A. grew its stake in LyondellBasell Industries by 70.4% in the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock valued at $26,000 after purchasing an additional 143 shares in the last quarter. Rosenberg Matthew Hamilton grew its stake in shares of LyondellBasell Industries by 268.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company's stock valued at $30,000 after buying an additional 295 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of LyondellBasell Industries in the 4th quarter valued at approximately $37,000. Covestor Ltd increased its holdings in LyondellBasell Industries by 107.6% in the fourth quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company's stock worth $41,000 after buying an additional 284 shares during the last quarter. Finally, Pinnacle Bancorp Inc. bought a new position in LyondellBasell Industries during the fourth quarter valued at approximately $59,000. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Performance

Shares of LYB traded down $0.26 on Tuesday, reaching $55.96. 3,067,914 shares of the stock traded hands, compared to its average volume of 3,480,810. The stock's 50-day moving average price is $65.40 and its 200-day moving average price is $74.25. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. The firm has a market cap of $17.98 billion, a price-to-earnings ratio of 13.52, a P/E/G ratio of 0.97 and a beta of 0.87. LyondellBasell Industries has a 12 month low of $51.11 and a 12 month high of $107.02.

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

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $1.34 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.36 annualized dividend and a dividend yield of 9.58%. LyondellBasell Industries's dividend payout ratio is currently 165.43%.

Analysts Set New Price Targets

LYB has been the topic of several analyst reports. JPMorgan Chase & Co. restated a "neutral" rating and set a $60.00 price target (down previously from $80.00) on shares of LyondellBasell Industries in a research note on Friday, April 4th. Citigroup cut their price objective on LyondellBasell Industries from $66.00 to $58.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. BMO Capital Markets lowered their price target on LyondellBasell Industries from $71.00 to $65.00 and set a "market perform" rating on the stock in a report on Wednesday, April 30th. The Goldman Sachs Group reduced their price objective on shares of LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating for the company in a research note on Monday, April 28th. Finally, Royal Bank of Canada lowered their target price on shares of LyondellBasell Industries from $62.00 to $61.00 and set a "sector perform" rating on the stock in a research note on Tuesday, April 29th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, LyondellBasell Industries currently has a consensus rating of "Hold" and an average price target of $69.75.

Insider Transactions at LyondellBasell Industries

In other news, Director Michael Sean Hanley purchased 3,750 shares of LyondellBasell Industries stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the completion of the transaction, the director now directly owns 16,028 shares in the company, valued at approximately $1,154,817.40. This represents a 30.54 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is currently owned by 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.