Measured Risk Portfolios Inc. Takes $2.19 Million Position in LyondellBasell Industries (NYSE:LYB)

Measured Risk Portfolios Inc. bought a new stake in LyondellBasell Industries (NYSE:LYB - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 29,522 shares of the specialty chemicals company's stock, valued at approximately $2,193,000. LyondellBasell Industries makes up about 2.3% of Measured Risk Portfolios Inc.'s portfolio, making the stock its 14th largest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ensign Peak Advisors Inc raised its position in shares of LyondellBasell Industries by 207.8% during the 4th quarter. Ensign Peak Advisors Inc now owns 2,254,589 shares of the specialty chemicals company's stock worth $167,448,000 after purchasing an additional 1,522,043 shares during the last quarter. Amundi grew its position in shares of LyondellBasell Industries by 48.6% in the 4th quarter. Amundi now owns 3,858,033 shares of the specialty chemicals company's stock valued at $283,452,000 after buying an additional 1,260,913 shares during the last quarter. Norges Bank purchased a new position in LyondellBasell Industries during the 4th quarter worth $81,015,000. Raymond James Financial Inc. acquired a new stake in shares of LyondellBasell Industries in the 4th quarter worth $69,115,000. Finally, Dodge & Cox lifted its stake 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 during the period. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other LyondellBasell Industries news, Director Michael Sean Hanley bought 3,750 shares of LyondellBasell Industries stock in a transaction that occurred on 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 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 purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.14% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Royal Bank of Canada lowered their price target on shares of LyondellBasell Industries from $62.00 to $61.00 and set a "sector perform" rating for the company in a report on Tuesday, April 29th. Barclays lowered their target price on shares of LyondellBasell Industries from $72.00 to $62.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. StockNews.com lowered shares of LyondellBasell Industries from a "hold" rating to a "sell" rating in a research note on Monday, April 28th. Wells Fargo & Company lowered their price target on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. Finally, UBS Group reiterated a "sell" rating and issued a $51.00 target price (down previously from $76.00) on shares of LyondellBasell Industries in a research report on Monday, April 7th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, LyondellBasell Industries currently has an average rating of "Hold" and a consensus target price of $69.75.

LyondellBasell Industries Price Performance

Shares of LYB opened at $60.64 on Tuesday. LyondellBasell Industries has a 1 year low of $51.11 and a 1 year high of $102.09. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. The company has a market capitalization of $19.49 billion, a price-to-earnings ratio of 14.65, a price-to-earnings-growth ratio of 0.97 and a beta of 0.87. The business has a 50-day moving average of $63.60 and a 200-day moving average of $73.15.

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 analysts' consensus estimates of $0.36 by ($0.03). The firm had revenue of $7.68 billion during the quarter, compared to analyst estimates of $7.69 billion. LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. The company's revenue was down 7.6% on a year-over-year basis. During the same period last year, the business posted $1.53 EPS. As a group, equities research analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a dividend of $1.34 per share. The ex-dividend date was Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a yield of 8.84%. LyondellBasell Industries's dividend payout ratio (DPR) is currently 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.

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