abrdn plc Has $13.47 Million Stock Holdings in LyondellBasell Industries (NYSE:LYB)

abrdn plc grew its holdings in LyondellBasell Industries (NYSE:LYB - Free Report) by 59.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 141,657 shares of the specialty chemicals company's stock after buying an additional 52,954 shares during the quarter. abrdn plc's holdings in LyondellBasell Industries were worth $13,469,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in shares of LyondellBasell Industries in the fourth quarter valued at $14,000,000. Invesco Ltd. increased its position in LyondellBasell Industries by 24.9% in the third quarter. Invesco Ltd. now owns 4,085,474 shares of the specialty chemicals company's stock worth $386,894,000 after purchasing an additional 815,083 shares during the period. Arvest Investments Inc. acquired a new stake in LyondellBasell Industries in the fourth quarter worth about $2,001,000. Oak Thistle LLC acquired a new stake in LyondellBasell Industries in the fourth quarter worth about $1,426,000. Finally, Cerity Partners LLC increased its position in LyondellBasell Industries by 390.4% in the fourth quarter. Cerity Partners LLC now owns 77,917 shares of the specialty chemicals company's stock worth $7,409,000 after purchasing an additional 62,030 shares during the period. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Barclays lifted their price objective on LyondellBasell Industries from $98.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft lowered LyondellBasell Industries from a "buy" rating to a "hold" rating and set a $105.00 price objective for the company. in a research report on Wednesday, January 10th. Citigroup boosted their target price on LyondellBasell Industries from $96.00 to $104.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 10th. Vertical Research upgraded LyondellBasell Industries from a "hold" rating to a "buy" rating in a research report on Wednesday, January 3rd. Finally, Royal Bank of Canada restated an "outperform" rating and set a $107.00 target price on shares of LyondellBasell Industries in a research report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, LyondellBasell Industries has an average rating of "Hold" and an average price target of $103.82.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan sold 18,111 shares of the business's stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $100.46, for a total value of $1,819,431.06. Following the sale, the director now owns 12,276 shares in the company, valued at approximately $1,233,246.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other LyondellBasell Industries news, Director Robin W.T. Buchanan sold 18,111 shares of the business's stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $100.46, for a total value of $1,819,431.06. Following the sale, the director now owns 12,276 shares in the company, valued at approximately $1,233,246.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kenneth Todd Lane sold 9,489 shares of the business's stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $98.92, for a total value of $938,651.88. Following the completion of the sale, the executive vice president now owns 89,445 shares in the company, valued at approximately $8,847,899.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 80,853 shares of company stock worth $8,077,267. Corporate insiders own 0.11% of the company's stock.

LyondellBasell Industries Stock Up 2.5 %

Shares of NYSE:LYB traded up $2.49 during trading on Friday, hitting $102.17. 2,651,714 shares of the company's stock traded hands, compared to its average volume of 1,926,224. LyondellBasell Industries has a 52 week low of $84.80 and a 52 week high of $106.69. The company has a current ratio of 1.84, a quick ratio of 1.17 and a debt-to-equity ratio of 0.80. The company has a market cap of $33.25 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 1.24 and a beta of 1.19. The company has a 50-day moving average price of $100.87 and a 200-day moving average price of $96.48.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings data on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.17. LyondellBasell Industries had a return on equity of 21.89% and a net margin of 5.16%. The business had revenue of $9.93 billion for the quarter, compared to analysts' expectations of $9.70 billion. During the same quarter in the previous year, the business posted $2.50 EPS. LyondellBasell Industries's revenue for the quarter was down 3.1% on a year-over-year basis. As a group, research analysts forecast that LyondellBasell Industries will post 8.63 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend was Friday, March 1st. LyondellBasell Industries's payout ratio is 77.28%.

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.