Universal Beteiligungs und Servicegesellschaft mbH Acquires New Shares in LyondellBasell Industries (NYSE:LYB)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of LyondellBasell Industries (NYSE:LYB - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 184,417 shares of the specialty chemicals company's stock, valued at approximately $13,697,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of LyondellBasell Industries at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Ensign Peak Advisors Inc grew its holdings in shares of LyondellBasell Industries by 207.8% in the fourth 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 holdings in shares of LyondellBasell Industries by 48.6% in the fourth quarter. Amundi now owns 3,858,033 shares of the specialty chemicals company's stock valued at $283,452,000 after purchasing an additional 1,260,913 shares in the last quarter. Norges Bank purchased a new position in shares of LyondellBasell Industries in the fourth quarter valued at $81,015,000. Raymond James Financial Inc. purchased a new position in shares of LyondellBasell Industries in the fourth quarter valued at $69,115,000. Finally, Dodge & Cox grew its holdings in shares of LyondellBasell Industries by 5.3% in 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 purchasing an additional 851,365 shares in the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at LyondellBasell Industries

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on LYB shares. Wells Fargo & Company cut their target price on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Friday, April 4th. UBS Group reissued a "sell" rating and issued a $51.00 target price (down from $76.00) on shares of LyondellBasell Industries in a report on Monday, April 7th. Morgan Stanley cut their target price on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Wall Street Zen lowered shares of LyondellBasell Industries from a "hold" rating to a "sell" rating in a research note on Monday, April 28th. Finally, Piper Sandler dropped their price objective on shares of LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Three 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $69.75.

LyondellBasell Industries Trading Up 2.4%

Shares of NYSE:LYB traded up $1.32 on Tuesday, hitting $55.76. 4,052,800 shares of the company's stock were exchanged, compared to its average volume of 2,722,904. LyondellBasell Industries has a 12 month low of $51.11 and a 12 month high of $100.46. The stock has a market capitalization of $17.92 billion, a price-to-earnings ratio of 13.47, a price-to-earnings-growth ratio of 0.97 and a beta of 0.87. The business's 50 day simple moving average is $58.51 and its two-hundred day simple moving average is $70.13. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13.

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 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 business had revenue of $7.68 billion for the quarter, compared to the consensus estimate of $7.69 billion. During the same quarter last year, the business posted $1.53 earnings per share. The firm's revenue for the quarter was down 7.6% compared to the same quarter last year. Analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Monday, June 2nd will be given a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a dividend yield of 9.83%. This is an increase from LyondellBasell Industries's previous quarterly dividend of $1.34. The ex-dividend date of this dividend is Monday, June 2nd. LyondellBasell Industries's dividend payout ratio (DPR) is 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.