Ensign Peak Advisors Inc Buys 1,522,043 Shares of LyondellBasell Industries (NYSE:LYB)

Ensign Peak Advisors Inc raised its position in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 207.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,254,589 shares of the specialty chemicals company's stock after buying an additional 1,522,043 shares during the period. Ensign Peak Advisors Inc owned about 0.69% of LyondellBasell Industries worth $167,448,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in LYB. Webster Bank N. A. boosted its position in LyondellBasell Industries by 70.4% during the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock valued at $26,000 after buying an additional 143 shares during the period. Rosenberg Matthew Hamilton boosted its position in LyondellBasell Industries by 268.2% during 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 during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in LyondellBasell Industries during the 4th quarter valued at $37,000. Covestor Ltd boosted its position in LyondellBasell Industries by 107.6% during the 4th quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company's stock valued at $41,000 after buying an additional 284 shares during the period. Finally, Pinnacle Bancorp Inc. purchased a new stake in LyondellBasell Industries during the 4th quarter valued at $59,000. Hedge funds and other institutional investors own 71.20% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on LYB shares. Wells Fargo & Company dropped their target price on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. Citigroup dropped their target price on shares of LyondellBasell Industries from $66.00 to $58.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Piper Sandler dropped their target price on shares of LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Morgan Stanley dropped their target price on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Finally, Barclays dropped their target price on shares of LyondellBasell Industries from $72.00 to $62.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, LyondellBasell Industries presently has an average rating of "Hold" and an average price target of $69.75.

LyondellBasell Industries Stock Down 0.4%

NYSE LYB traded down $0.24 during trading hours on Friday, reaching $56.98. 3,748,554 shares of the company's stock traded hands, compared to its average volume of 2,562,576. LyondellBasell Industries has a 52-week low of $51.11 and a 52-week high of $102.09. The firm has a market cap of $18.31 billion, a PE ratio of 13.76, a PEG ratio of 0.97 and a beta of 0.87. The firm has a 50-day simple moving average of $63.92 and a 200 day simple moving average of $73.34. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly earnings results 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). 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 for the quarter, compared to analysts' expectations of $7.69 billion. During the same period last year, the business earned $1.53 earnings per share. The company's revenue was down 7.6% on a year-over-year basis. Sell-side analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a yield of 9.41%. LyondellBasell Industries's dividend payout ratio is currently 165.43%.

Insider Buying and Selling at LyondellBasell Industries

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

LyondellBasell Industries Company Profile

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.