UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Position in LyondellBasell Industries (NYSE:LYB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 6.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,155,836 shares of the specialty chemicals company's stock after acquiring an additional 138,733 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.66% of LyondellBasell Industries worth $160,114,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC lifted its holdings in LyondellBasell Industries by 7.3% in the 3rd quarter. Barclays PLC now owns 948,211 shares of the specialty chemicals company's stock worth $90,933,000 after buying an additional 64,359 shares in the last quarter. JPMorgan Chase & Co. lifted its position 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 in the last quarter. Merit Financial Group LLC purchased a new stake in shares of LyondellBasell Industries in the 4th quarter valued at approximately $534,000. HB Wealth Management LLC lifted its position in shares of LyondellBasell Industries by 16.2% in the 4th quarter. HB Wealth Management LLC now owns 8,479 shares of the specialty chemicals company's stock valued at $630,000 after acquiring an additional 1,183 shares in the last quarter. Finally, Diversify Wealth Management LLC lifted its position in shares of LyondellBasell Industries by 10.5% in the 4th quarter. Diversify Wealth Management LLC now owns 2,933 shares of the specialty chemicals company's stock valued at $213,000 after acquiring an additional 278 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Wells Fargo & Company dropped their price target on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Friday, April 4th. UBS Group restated a "sell" rating and issued a $51.00 price target (down from $76.00) on shares of LyondellBasell Industries in a research report on Monday, April 7th. Royal Bank of Canada decreased 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. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $60.00 price objective (down from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. Finally, Citigroup reduced their price objective on shares of LyondellBasell Industries from $66.00 to $58.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $69.75.

Insider Buying and Selling at LyondellBasell Industries

In other news, Director Michael Sean Hanley acquired 3,750 shares of the business's stock in a transaction that occurred on 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 transaction, the director now directly owns 16,028 shares of the company's stock, valued at $1,154,817.40. This trade represents a 30.54% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.14% of the company's stock.

LyondellBasell Industries Stock Performance

NYSE LYB opened at $56.30 on Friday. LyondellBasell Industries has a 1 year low of $51.11 and a 1 year high of $100.46. The firm has a market capitalization of $18.09 billion, a P/E ratio of 13.60, a price-to-earnings-growth ratio of 0.97 and a beta of 0.87. The firm's fifty day moving average price is $61.01 and its two-hundred day moving average price is $71.79. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84.

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

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a $1.34 dividend. The ex-dividend date was Monday, March 10th. This represents a $5.36 annualized dividend and a dividend yield of 9.52%. LyondellBasell Industries's dividend payout ratio is currently 165.43%.

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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