Arvest Investments Inc. Acquires Shares of 21,045 LyondellBasell Industries (NYSE:LYB)

Arvest Investments Inc. acquired a new position in LyondellBasell Industries (NYSE:LYB - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 21,045 shares of the specialty chemicals company's stock, valued at approximately $2,001,000.

A number of other large investors have also made changes to their positions in the company. Asset Management One Co. Ltd. raised its position in shares of LyondellBasell Industries by 1.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 136,647 shares of the specialty chemicals company's stock valued at $13,076,000 after purchasing an additional 1,331 shares during the period. SteelPeak Wealth LLC grew its stake in LyondellBasell Industries by 227.3% during the fourth quarter. SteelPeak Wealth LLC now owns 9,403 shares of the specialty chemicals company's stock valued at $894,000 after acquiring an additional 6,530 shares in the last quarter. KG&L Capital Management LLC grew its stake in LyondellBasell Industries by 6.7% during the fourth quarter. KG&L Capital Management LLC now owns 11,135 shares of the specialty chemicals company's stock valued at $1,063,000 after acquiring an additional 700 shares in the last quarter. Ballentine Partners LLC grew its stake in LyondellBasell Industries by 38.1% during the fourth quarter. Ballentine Partners LLC now owns 3,326 shares of the specialty chemicals company's stock valued at $316,000 after acquiring an additional 917 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its stake in LyondellBasell Industries by 410.2% during the fourth quarter. Venturi Wealth Management LLC now owns 301 shares of the specialty chemicals company's stock valued at $29,000 after acquiring an additional 242 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at LyondellBasell Industries

In other news, CFO Michael C. Mcmurray sold 16,940 shares of the business's stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $100.84, for a total value of $1,708,229.60. Following the sale, the chief financial officer now directly owns 88,858 shares of the company's stock, valued at approximately $8,960,440.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the company's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $100.47, for a total transaction of $711,729.48. Following the sale, the chief accounting officer now directly owns 27,575 shares of the company's stock, valued at approximately $2,770,460.25. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Michael C. Mcmurray sold 16,940 shares of the company's stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $100.84, for a total transaction of $1,708,229.60. Following the sale, the chief financial officer now directly owns 88,858 shares in the company, valued at $8,960,440.72. The disclosure for this sale can be found here. Insiders have sold 80,853 shares of company stock worth $8,077,267 in the last ninety days. 0.12% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LYB. Barclays boosted their target price on shares of LyondellBasell Industries from $98.00 to $100.00 and gave the stock an "equal weight" rating in a report on Thursday. Vertical Research upgraded shares of LyondellBasell Industries from a "hold" rating to a "buy" rating in a report on Wednesday, January 3rd. Citigroup downgraded shares of LyondellBasell Industries from a "buy" rating to a "neutral" rating and cut their price target for the company from $105.00 to $98.00 in a report on Wednesday, December 13th. Wells Fargo & Company upped their price target on shares of LyondellBasell Industries from $105.00 to $117.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, JPMorgan Chase & Co. upped their price target on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company an "overweight" rating in a report on Friday, March 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $102.17.

LyondellBasell Industries Price Performance

Shares of NYSE:LYB traded down $1.46 during midday trading on Thursday, hitting $104.40. The company's stock had a trading volume of 1,604,808 shares, compared to its average volume of 2,028,755. The business's 50 day simple moving average is $98.63 and its 200 day simple moving average is $95.65. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.17 and a current ratio of 1.84. The company has a market cap of $33.88 billion, a P/E ratio of 16.14, a price-to-earnings-growth ratio of 1.26 and a beta of 1.19. LyondellBasell Industries has a 12-month low of $84.80 and a 12-month high of $106.69.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings results on Friday, February 2nd. The specialty chemicals company reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.07). The business had revenue of $9.93 billion during the quarter, compared to analysts' expectations of $9.85 billion. LyondellBasell Industries had a return on equity of 21.89% and a net margin of 5.16%. The business's quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.29 earnings per share. On average, analysts forecast that LyondellBasell Industries will post 8.81 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were issued a $1.25 dividend. The ex-dividend date was Friday, March 1st. This represents a $5.00 annualized dividend and a yield of 4.79%. LyondellBasell Industries's payout ratio is 77.28%.

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.

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