8,000 Shares in LyondellBasell Industries (NYSE:LYB) Purchased by Chase Investment Counsel Corp

Chase Investment Counsel Corp acquired a new position in LyondellBasell Industries (NYSE:LYB - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,000 shares of the specialty chemicals company's stock, valued at approximately $760,000.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC boosted its stake in shares of LyondellBasell Industries by 10.3% during the 3rd quarter. FMR LLC now owns 8,408,551 shares of the specialty chemicals company's stock worth $796,290,000 after acquiring an additional 787,221 shares in the last quarter. Morgan Stanley boosted its position in LyondellBasell Industries by 9.9% during the third quarter. Morgan Stanley now owns 6,305,596 shares of the specialty chemicals company's stock worth $597,140,000 after purchasing an additional 569,887 shares during the period. Federated Hermes Inc. grew its holdings in LyondellBasell Industries by 4.0% during the third quarter. Federated Hermes Inc. now owns 5,667,924 shares of the specialty chemicals company's stock valued at $536,752,000 after purchasing an additional 217,461 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of LyondellBasell Industries by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,650,680 shares of the specialty chemicals company's stock valued at $535,119,000 after purchasing an additional 143,542 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of 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 buying an additional 815,083 shares during the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Price Performance

NYSE LYB traded down $0.43 on Monday, reaching $101.70. The company's stock had a trading volume of 1,852,953 shares, compared to its average volume of 1,926,070. The firm has a market cap of $33.10 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 1.25 and a beta of 1.19. The company has a current ratio of 2.12, a quick ratio of 1.32 and a debt-to-equity ratio of 0.85. LyondellBasell Industries has a 52 week low of $84.80 and a 52 week high of $106.69. The business has a 50-day moving average price of $100.95 and a 200 day moving average price of $96.58.

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. The company had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.70 billion. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The company's revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.50 EPS. Sell-side analysts expect that LyondellBasell Industries will post 8.69 EPS for the current 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. The ex-dividend date was Friday, March 1st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.92%. LyondellBasell Industries's payout ratio is presently 77.28%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Royal Bank of Canada raised their target price on shares of LyondellBasell Industries from $107.00 to $113.00 and gave the company an "outperform" rating in a research note on Monday. Citigroup lifted their price objective on LyondellBasell Industries from $96.00 to $104.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 10th. Wolfe Research assumed coverage on LyondellBasell Industries in a research report on Friday, March 1st. They set an "underperform" rating for the company. JPMorgan Chase & Co. raised their target price on LyondellBasell Industries from $100.00 to $105.00 and gave the company an "overweight" rating in a report on Friday, March 22nd. Finally, Deutsche Bank Aktiengesellschaft downgraded LyondellBasell Industries from a "buy" rating to a "hold" rating and set a $105.00 price target on the stock. in a research report on Wednesday, January 10th. One 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.com, the company currently has an average rating of "Hold" and a consensus price target of $104.67.

Insider Activity

In related news, EVP Kenneth Todd Lane sold 9,489 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $98.92, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the stock in a transaction on Thursday, February 29th. The stock was 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 in the company, valued at $2,770,460.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kenneth Todd Lane sold 9,489 shares of the firm's stock in a transaction 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 of the company's stock, valued at $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.

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.