Paradiem LLC Acquires 27,679 Shares of LyondellBasell Industries (NYSE:LYB)

Paradiem LLC grew its holdings in LyondellBasell Industries (NYSE:LYB - Free Report) by 50.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,307 shares of the specialty chemicals company's stock after acquiring an additional 27,679 shares during the period. LyondellBasell Industries accounts for approximately 2.2% of Paradiem LLC's holdings, making the stock its 13th largest position. Paradiem LLC's holdings in LyondellBasell Industries were worth $7,826,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Mutual Advisors LLC boosted its holdings in shares of LyondellBasell Industries by 0.8% during the 3rd quarter. Mutual Advisors LLC now owns 14,386 shares of the specialty chemicals company's stock worth $1,362,000 after buying an additional 111 shares during the period. Czech National Bank boosted its holdings in shares of LyondellBasell Industries by 0.3% during the 4th quarter. Czech National Bank now owns 44,879 shares of the specialty chemicals company's stock worth $4,267,000 after buying an additional 116 shares during the period. Cambridge Trust Co. boosted its holdings in shares of LyondellBasell Industries by 26.0% during the 3rd quarter. Cambridge Trust Co. now owns 567 shares of the specialty chemicals company's stock worth $54,000 after buying an additional 117 shares during the period. Cowa LLC boosted its holdings in shares of LyondellBasell Industries by 3.7% during the 3rd quarter. Cowa LLC now owns 3,290 shares of the specialty chemicals company's stock worth $312,000 after buying an additional 117 shares during the period. Finally, First Trust Direct Indexing L.P. raised its stake in LyondellBasell Industries by 2.0% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 6,951 shares of the specialty chemicals company's stock valued at $658,000 after purchasing an additional 134 shares during the last quarter. 71.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on LYB shares. Wolfe Research started coverage on shares of LyondellBasell Industries in a research note on Friday, March 1st. They set an "underperform" rating for the company. Deutsche Bank Aktiengesellschaft cut shares of LyondellBasell Industries from a "buy" rating to a "hold" rating and set a $105.00 target price for the company. in a research note on Wednesday, January 10th. Citigroup upped their target price on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the company a "neutral" rating in a research note on Wednesday, April 10th. Vertical Research upgraded shares of LyondellBasell Industries from a "hold" rating to a "buy" rating in a research note on Wednesday, January 3rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company an "overweight" rating in a research note on Friday, March 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, LyondellBasell Industries currently has a consensus rating of "Hold" and an average target price of $103.82.

LyondellBasell Industries Price Performance

Shares of LyondellBasell Industries stock traded up $2.45 during mid-day trading on Friday, reaching $102.13. 2,651,865 shares of the stock were exchanged, compared to its average volume of 1,436,825. The company has a market cap of $33.24 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 1.25 and a beta of 1.19. 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 firm has a 50-day simple moving average of $100.87 and a 200 day simple moving average of $96.52. LyondellBasell Industries has a fifty-two week low of $84.80 and a fifty-two week high of $106.69.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.36 by $0.17. The business had revenue of $9.93 billion during the quarter, compared to analysts' expectations of $9.70 billion. LyondellBasell Industries had a net margin of 5.16% and a return on equity of 21.89%. The firm's revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter last year, the company posted $2.50 EPS. On average, sell-side analysts predict that LyondellBasell Industries will post 8.69 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date was Friday, March 1st. LyondellBasell Industries's dividend payout ratio is currently 77.28%.

Insiders Place Their Bets

In other LyondellBasell Industries news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the 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 sale, the chief accounting officer now 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 can be accessed through this hyperlink. In other LyondellBasell Industries news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the 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 sale, the chief accounting officer now 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 can be accessed through this hyperlink. Also, CFO Michael C. Mcmurray sold 16,940 shares of the stock in a transaction dated 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 approximately $8,960,440.72. The disclosure for this sale can be found here. Insiders have sold a total of 80,853 shares of company stock valued at $8,077,267 in the last 90 days. 0.11% of the stock is currently owned by insiders.

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.