4,310 Shares in LyondellBasell Industries (NYSE:LYB) Purchased by Graham Capital Management L.P.

Graham Capital Management L.P. acquired a new stake in LyondellBasell Industries (NYSE:LYB - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,310 shares of the specialty chemicals company's stock, valued at approximately $320,000.

Other institutional investors have also bought and sold shares of the company. Ensign Peak Advisors Inc lifted its position in LyondellBasell Industries by 207.8% during the fourth quarter. Ensign Peak Advisors Inc now owns 2,254,589 shares of the specialty chemicals company's stock worth $167,448,000 after buying an additional 1,522,043 shares in the last quarter. Amundi increased its position in LyondellBasell Industries by 48.6% during the fourth quarter. Amundi now owns 3,858,033 shares of the specialty chemicals company's stock worth $283,452,000 after purchasing an additional 1,260,913 shares during the last quarter. Norges Bank purchased a new position in LyondellBasell Industries during the fourth quarter worth about $81,015,000. Raymond James Financial Inc. acquired a new position in LyondellBasell Industries in the 4th quarter valued at about $69,115,000. Finally, Dodge & Cox grew its stake in shares of LyondellBasell Industries by 5.3% in the 4th quarter. Dodge & Cox now owns 16,965,832 shares of the specialty chemicals company's stock valued at $1,260,052,000 after buying an additional 851,365 shares during the period. 71.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LYB has been the topic of several analyst reports. Royal Bank of Canada reduced their price target on shares of LyondellBasell Industries from $62.00 to $61.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 29th. Wells Fargo & Company reduced their target price on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Friday, April 4th. The Goldman Sachs Group lowered their price target on LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating for the company in a report on Monday, April 28th. Barclays reduced their price objective on shares of LyondellBasell Industries from $72.00 to $62.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Finally, StockNews.com lowered shares of LyondellBasell Industries from a "hold" rating to a "sell" rating in a research note on Monday, April 28th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $69.75.

LyondellBasell Industries Trading Up 2.3%

Shares of LYB stock opened at $59.75 on Friday. LyondellBasell Industries has a fifty-two week low of $51.11 and a fifty-two week high of $100.98. The company has a 50 day moving average price of $62.28 and a 200 day moving average price of $72.47. The stock has a market capitalization of $19.20 billion, a P/E ratio of 14.43, a price-to-earnings-growth 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 issued its quarterly earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 EPS for the quarter, missing the consensus estimate 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 analysts' expectations of $7.69 billion. During the same period in the prior year, the business earned $1.53 EPS. The business's quarterly revenue was down 7.6% on a year-over-year basis. Equities research analysts predict that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.36 annualized dividend and a yield of 8.97%. LyondellBasell Industries's dividend payout ratio (DPR) is 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 dated Wednesday, March 12th. The shares were acquired at an average cost of $72.05 per share, for a total transaction 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.14% of the stock is owned by corporate 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.

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