LyondellBasell Industries (NYSE:LYB) Shares Acquired by WBI Investments LLC

WBI Investments LLC increased its position in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 14.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,030 shares of the specialty chemicals company's stock after acquiring an additional 4,315 shares during the quarter. WBI Investments LLC's holdings in LyondellBasell Industries were worth $2,602,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ensign Peak Advisors Inc increased its holdings in LyondellBasell Industries by 207.8% in the 4th quarter. Ensign Peak Advisors Inc now owns 2,254,589 shares of the specialty chemicals company's stock valued at $167,448,000 after purchasing an additional 1,522,043 shares in the last quarter. Amundi grew its position in shares of 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 buying an additional 1,260,913 shares in the last quarter. Norges Bank acquired a new position in LyondellBasell Industries during the 4th quarter worth $81,015,000. Raymond James Financial Inc. bought a new stake in shares of LyondellBasell Industries in the 4th quarter worth about $69,115,000. Finally, Dodge & Cox raised its stake in LyondellBasell Industries by 5.3% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 71.20% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LYB. The Goldman Sachs Group dropped their price objective on shares of LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating on the stock in a research note on Monday, April 28th. StockNews.com lowered shares of LyondellBasell Industries from a "hold" rating to a "sell" rating in a research note on Monday, April 28th. Royal Bank of Canada dropped 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. Piper Sandler dropped their price target on LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Finally, Barclays reduced their price objective on LyondellBasell Industries from $72.00 to $62.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. Three analysts have rated the stock with a sell rating, nine have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $69.75.

LyondellBasell Industries Trading Up 2.3%

NYSE LYB opened at $59.75 on Monday. The stock has a market capitalization of $19.20 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 0.97 and a beta of 0.87. LyondellBasell Industries has a 52 week low of $51.11 and a 52 week high of $100.98. The stock's 50 day moving average price is $62.28 and its two-hundred day moving average price is $72.37. 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 posted its quarterly earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. The business had revenue of $7.68 billion for the quarter, compared to the consensus estimate of $7.69 billion. During the same quarter in the previous year, the business posted $1.53 EPS. The company's revenue for the quarter was down 7.6% on a year-over-year basis. As a group, analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given 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 dividend yield of 8.97%. LyondellBasell Industries's dividend payout ratio is 165.43%.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, Director Michael Sean Hanley acquired 3,750 shares of LyondellBasell Industries stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average price of $72.05 per share, with a total value of $270,187.50. Following the completion of the purchase, the director now directly owns 16,028 shares in the company, 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 SEC, which is available at the SEC website. 0.14% of the stock is owned by 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.

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