Oxford Asset Management LLP Raises Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Oxford Asset Management LLP grew its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 113.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,789 shares of the specialty chemicals company's stock after purchasing an additional 6,264 shares during the period. Oxford Asset Management LLP's holdings in LyondellBasell Industries were worth $876,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in LyondellBasell Industries by 3.7% during the third 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 period. Fifth Third Wealth Advisors LLC boosted its stake in LyondellBasell Industries by 202.4% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 12,986 shares of the specialty chemicals company's stock valued at $964,000 after acquiring an additional 8,691 shares during the last quarter. Sound Income Strategies LLC raised its position in shares of LyondellBasell Industries by 8.1% during the fourth quarter. Sound Income Strategies LLC now owns 271,626 shares of the specialty chemicals company's stock worth $20,174,000 after purchasing an additional 20,310 shares during the period. Merrion Investment Management Co LLC bought a new position in shares of LyondellBasell Industries during the fourth quarter worth about $503,000. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in shares of LyondellBasell Industries by 26.4% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 18,973 shares of the specialty chemicals company's stock worth $1,409,000 after buying an additional 3,958 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Morgan Stanley dropped their price target on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Barclays cut their price objective on shares of LyondellBasell Industries from $72.00 to $62.00 and set an "equal weight" rating on the stock in a report on Thursday. Royal Bank of Canada reduced their target price on shares of LyondellBasell Industries from $62.00 to $61.00 and set a "sector perform" rating for the company in a research report on Tuesday. StockNews.com downgraded shares of LyondellBasell Industries from a "hold" rating to a "sell" rating in a report on Monday. Finally, BMO Capital Markets decreased their target price on shares of LyondellBasell Industries from $71.00 to $65.00 and set a "market perform" rating on the stock in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $69.75.

Insider Activity

In other news, Director Michael Sean Hanley purchased 3,750 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $72.05 per share, with a total value of $270,187.50. Following the acquisition, the director now owns 16,028 shares in the company, valued at approximately $1,154,817.40. The trade was a 30.54 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.14% of the stock is owned by corporate insiders.

LyondellBasell Industries Stock Up 0.5 %

Shares of LYB stock traded up $0.31 during trading hours on Thursday, hitting $58.52. 1,815,348 shares of the company were exchanged, compared to its average volume of 2,519,764. The stock has a market capitalization of $18.89 billion, a price-to-earnings ratio of 14.16, a P/E/G ratio of 0.97 and a beta of 0.89. LyondellBasell Industries has a one year low of $51.11 and a one year high of $107.02. The business's 50-day simple moving average is $66.56 and its two-hundred day simple moving average is $75.21. 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 announced its earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share (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 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 firm earned $1.53 earnings per share. The firm's revenue for the quarter was down 7.6% on a year-over-year basis. Sell-side analysts predict that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $1.34 dividend. The ex-dividend date was Monday, March 10th. This represents a $5.36 annualized dividend and a dividend yield of 9.16%. LyondellBasell Industries's dividend payout ratio is presently 165.43%.

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.