Twinbeech Capital LP Has $12.31 Million Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Twinbeech Capital LP lifted its stake in LyondellBasell Industries (NYSE:LYB - Free Report) by 43.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 165,765 shares of the specialty chemicals company's stock after acquiring an additional 49,866 shares during the quarter. Twinbeech Capital LP owned approximately 0.05% of LyondellBasell Industries worth $12,311,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Webster Bank N. A. increased its stake in shares of LyondellBasell Industries by 70.4% in the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock worth $26,000 after acquiring an additional 143 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of LyondellBasell Industries in the fourth quarter worth $37,000. Lazard Asset Management LLC increased its stake in shares of LyondellBasell Industries by 84.9% in the fourth quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company's stock worth $34,000 after acquiring an additional 214 shares during the last quarter. Covestor Ltd increased its stake in shares of LyondellBasell Industries by 107.6% in the fourth quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company's stock worth $41,000 after acquiring an additional 284 shares during the last quarter. Finally, Crews Bank & Trust acquired a new position in LyondellBasell Industries during the fourth quarter worth $85,000. 71.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on LYB. Citigroup lowered their target price on shares of LyondellBasell Industries from $66.00 to $58.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Piper Sandler lowered their target price on shares of LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. JPMorgan Chase & Co. reissued a "neutral" rating and set a $60.00 target price (down from $80.00) on shares of LyondellBasell Industries in a research report on Friday, April 4th. StockNews.com downgraded shares of LyondellBasell Industries from a "hold" rating to a "sell" rating in a research report on Monday, April 28th. Finally, Morgan Stanley lowered their target price on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, LyondellBasell Industries presently has an average rating of "Hold" and an average price target of $69.75.

LyondellBasell Industries Stock Down 1.0%

LYB stock opened at $59.20 on Tuesday. LyondellBasell Industries has a twelve month low of $51.11 and a twelve month high of $100.98. The company has a market cap of $19.03 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 0.97 and a beta of 0.87. The business's 50-day simple moving average is $62.02 and its 200 day simple moving average is $72.18. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its earnings results 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). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. The firm 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 earnings per share. The firm's quarterly revenue was down 7.6% compared to the same quarter last year. On average, research analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The company also recently announced 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. This represents a $5.36 dividend on an annualized basis 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 presently 165.43%.

Insider Buying and Selling

In other news, Director Michael Sean Hanley bought 3,750 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $72.05 per share, with a total value of $270,187.50. Following the completion of the transaction, the director now directly owns 16,028 shares in the company, valued at $1,154,817.40. This represents a 30.54% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.

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