MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stock Position in LyondellBasell Industries (NYSE:LYB)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 15.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 207,709 shares of the specialty chemicals company's stock after buying an additional 27,802 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.06% of LyondellBasell Industries worth $15,413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in LYB. Webster Bank N. A. grew its stake in shares of LyondellBasell Industries by 70.4% during 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. Rosenberg Matthew Hamilton boosted its stake in LyondellBasell Industries by 268.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company's stock worth $30,000 after purchasing an additional 295 shares in the last quarter. Lazard Asset Management LLC increased its stake in LyondellBasell Industries by 84.9% during the 4th quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company's stock valued at $34,000 after purchasing an additional 214 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of LyondellBasell Industries in the fourth quarter worth $37,000. Finally, Covestor Ltd lifted its stake in shares of LyondellBasell Industries by 107.6% during the fourth quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company's stock worth $41,000 after buying an additional 284 shares during the period. 71.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on LYB shares. Wells Fargo & Company reduced their target price on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Friday, April 4th. Citigroup reduced their price objective on LyondellBasell Industries from $66.00 to $58.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. The Goldman Sachs Group decreased their target price on LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating for the company in a report on Monday, April 28th. Fermium Researc upgraded shares of LyondellBasell Industries to a "strong-buy" rating in a report on Friday, April 25th. Finally, Piper Sandler reduced their price target on shares of LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $69.75.

Insider Activity 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 purchased 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 approximately $1,154,817.40. This trade represents a 30.54% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is owned by corporate insiders.

LyondellBasell Industries Price Performance

Shares of LyondellBasell Industries stock traded down $1.01 during trading hours on Wednesday, reaching $57.51. The stock had a trading volume of 584,755 shares, compared to its average volume of 2,622,051. The stock's 50 day moving average is $61.74 and its 200 day moving average is $72.09. 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 has a twelve month low of $51.11 and a twelve month high of $100.46. The firm has a market capitalization of $18.48 billion, a PE ratio of 13.90, a PEG ratio of 0.97 and a beta of 0.87.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly 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). The business had revenue of $7.68 billion during the quarter, compared to analysts' expectations of $7.69 billion. LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. LyondellBasell Industries's revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.53 EPS. Equities analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.36 annualized dividend and a dividend yield of 9.32%. LyondellBasell Industries's dividend payout ratio (DPR) is presently 165.43%.

LyondellBasell Industries 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.