Zurcher Kantonalbank Zurich Cantonalbank Has $15.84 Million Position in LyondellBasell Industries (NYSE:LYB)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 39.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 166,635 shares of the specialty chemicals company's stock after acquiring an additional 46,808 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.05% of LyondellBasell Industries worth $15,844,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Valley National Advisers Inc. purchased a new stake in shares of LyondellBasell Industries during the third quarter worth about $25,000. Compass Wealth Management LLC purchased a new stake in LyondellBasell Industries during the 4th quarter worth approximately $25,000. FSC Wealth Advisors LLC acquired a new position in shares of LyondellBasell Industries in the 3rd quarter valued at approximately $26,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of LyondellBasell Industries during the 3rd quarter valued at approximately $26,000. Finally, Venturi Wealth Management LLC grew its position in shares of LyondellBasell Industries by 410.2% during the fourth quarter. Venturi Wealth Management LLC now owns 301 shares of the specialty chemicals company's stock worth $29,000 after buying an additional 242 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company's stock.

Insider Activity

In other news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the firm's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $100.47, for a total transaction of $711,729.48. Following the completion of the transaction, the chief accounting officer now owns 27,575 shares in the company, valued at approximately $2,770,460.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of LyondellBasell Industries stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $100.47, for a total value of $711,729.48. Following the transaction, the chief accounting officer now directly owns 27,575 shares in the company, valued at approximately $2,770,460.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kenneth Todd Lane sold 9,489 shares of the business's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $98.92, for a total value of $938,651.88. Following the sale, the executive vice president now directly owns 89,445 shares in the company, valued at $8,847,899.40. The disclosure for this sale can be found here. Insiders sold a total of 80,853 shares of company stock worth $8,077,267 over the last 90 days. 0.12% of the stock is currently owned by company insiders.

LyondellBasell Industries Stock Performance

LYB stock traded up $1.34 during trading on Friday, reaching $100.74. 2,027,267 shares of the company's stock were exchanged, compared to its average volume of 1,946,310. The firm has a market cap of $32.78 billion, a PE ratio of 15.52, a P/E/G ratio of 1.23 and a beta of 1.19. The company has a quick ratio of 1.17, a current ratio of 1.84 and a debt-to-equity ratio of 0.80. LyondellBasell Industries has a 1-year low of $84.80 and a 1-year high of $106.69. The company's fifty day moving average price is $100.31 and its 200-day moving average price is $96.13.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its earnings results on Friday, February 2nd. The specialty chemicals company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.07). The company had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.85 billion. LyondellBasell Industries had a net margin of 5.16% and a return on equity of 21.89%. The firm's quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.29 EPS. On average, research analysts expect that LyondellBasell Industries will post 8.63 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date was Friday, March 1st. LyondellBasell Industries's dividend payout ratio is presently 77.28%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Wolfe Research assumed coverage on shares of LyondellBasell Industries in a research note on Friday, March 1st. They set an "underperform" rating on the stock. Vertical Research raised LyondellBasell Industries from a "hold" rating to a "buy" rating in a report on Wednesday, January 3rd. Wells Fargo & Company upped their price objective on LyondellBasell Industries from $105.00 to $117.00 and gave the company an "overweight" rating in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. lifted their target price on LyondellBasell Industries from $100.00 to $105.00 and gave the stock an "overweight" rating in a research report on Friday, March 22nd. Finally, Royal Bank of Canada restated an "outperform" rating and set a $107.00 price objective on shares of LyondellBasell Industries in a research note on Monday, February 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $103.82.

About LyondellBasell Industries

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.