LyondellBasell Industries (NYSE:LYB) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its stake in LyondellBasell Industries (NYSE:LYB - Free Report) by 603.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 216,142 shares of the specialty chemicals company's stock after purchasing an additional 185,418 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.07% of LyondellBasell Industries worth $16,053,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in LyondellBasell Industries by 3.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company's stock worth $501,501,000 after acquiring an additional 187,150 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of LyondellBasell Industries during the fourth quarter valued at approximately $3,760,000. Caprock Group LLC raised its holdings in LyondellBasell Industries by 5.8% in the fourth quarter. Caprock Group LLC now owns 4,008 shares of the specialty chemicals company's stock worth $298,000 after buying an additional 220 shares during the last quarter. M&T Bank Corp lifted its holdings in shares of LyondellBasell Industries by 2.4% during the fourth quarter. M&T Bank Corp now owns 19,741 shares of the specialty chemicals company's stock valued at $1,467,000 after purchasing an additional 461 shares in the last quarter. Finally, Forsta AP Fonden lifted its stake in LyondellBasell Industries by 18.6% during the 4th quarter. Forsta AP Fonden now owns 159,600 shares of the specialty chemicals company's stock valued at $11,853,000 after acquiring an additional 25,000 shares during the period. Hedge funds and other institutional investors own 71.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Wells Fargo & Company lowered their price target on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Friday, April 4th. Argus lowered shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Barclays reduced 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 report on Thursday, May 1st. BMO Capital Markets decreased their price objective on 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. Finally, Fermium Researc raised LyondellBasell Industries to a "strong-buy" rating in a research note on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $69.75.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, Director Michael Sean Hanley bought 3,750 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average price of $72.05 per share, with a total value of $270,187.50. Following the completion of the acquisition, the director now directly owns 16,028 shares of the company's stock, valued at $1,154,817.40. This represents a 30.54% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.14% of the company's stock.

LyondellBasell Industries Stock Performance

NYSE:LYB traded down $0.02 during midday trading on Wednesday, hitting $55.68. The company's stock had a trading volume of 1,171,416 shares, compared to its average volume of 2,716,931. LyondellBasell Industries has a fifty-two week low of $51.11 and a fifty-two week high of $100.46. 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 $17.90 billion, a P/E ratio of 13.45, a P/E/G ratio of 0.97 and a beta of 0.82. The firm's 50 day moving average is $58.51 and its 200-day moving average is $70.13.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $7.68 billion during the quarter, compared to analyst estimates of $7.69 billion. LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. The firm's revenue was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.53 EPS. Equities analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Monday, June 2nd will be issued a $1.37 dividend. This represents a $5.48 annualized dividend and a yield of 9.84%. The ex-dividend date is Monday, June 2nd. This is a positive change from LyondellBasell Industries's previous quarterly dividend of $1.34. LyondellBasell Industries's payout ratio is presently 169.14%.

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.