ProShare Advisors LLC Has $4.74 Million Stock Holdings in LyondellBasell Industries (NYSE:LYB)

ProShare Advisors LLC boosted its stake in LyondellBasell Industries (NYSE:LYB - Free Report) by 9.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,767 shares of the specialty chemicals company's stock after purchasing an additional 5,421 shares during the period. ProShare Advisors LLC's holdings in LyondellBasell Industries were worth $4,736,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in shares of 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 valued at $501,501,000 after acquiring an additional 187,150 shares during the last quarter. Sound Income Strategies LLC raised its position in LyondellBasell Industries by 8.1% in the fourth quarter. Sound Income Strategies LLC now owns 271,626 shares of the specialty chemicals company's stock valued at $20,174,000 after purchasing an additional 20,310 shares during the last quarter. Merrion Investment Management Co LLC acquired a new stake in shares of LyondellBasell Industries during the fourth quarter valued at about $503,000. Proficio Capital Partners LLC bought a new stake in shares of LyondellBasell Industries during the fourth quarter worth about $3,760,000. Finally, Mariner Investment Group LLC bought a new stake in shares of LyondellBasell Industries during the fourth quarter worth about $854,000. Institutional investors and hedge funds own 71.20% of the company's stock.

Analyst Upgrades and Downgrades

LYB has been the subject of several recent research reports. Barclays decreased their price target 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. BMO Capital Markets decreased their price objective on LyondellBasell Industries from $71.00 to $65.00 and set a "market perform" rating for the company in a report on Wednesday, April 30th. Fermium Researc raised LyondellBasell Industries to a "strong-buy" rating in a research report on Friday, April 25th. Citigroup reduced their price target on LyondellBasell Industries from $66.00 to $58.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a $60.00 price objective (down from $80.00) on shares of LyondellBasell Industries in a research report on Friday, April 4th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, LyondellBasell Industries currently has a consensus rating of "Hold" and an average target price of $69.75.

LyondellBasell Industries Trading Down 1.0%

Shares of LYB stock opened at $59.20 on Tuesday. LyondellBasell Industries has a fifty-two week low of $51.11 and a fifty-two week high of $100.98. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. The stock has a 50 day simple moving average of $62.02 and a two-hundred day simple moving average of $72.18. The company has a market cap of $19.03 billion, a P/E ratio of 14.30, a PEG ratio of 0.97 and a beta of 0.87.

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

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 9.05%. The ex-dividend date of this dividend was Monday, March 10th. LyondellBasell Industries's dividend payout ratio (DPR) is currently 165.43%.

Insider Activity

In other news, Director Michael Sean Hanley bought 3,750 shares of LyondellBasell Industries stock in a transaction dated Wednesday, March 12th. The stock was bought at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the purchase, 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.14% of the company's stock.

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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