Global Wealth Management Investment Advisory Inc. Purchases 9,974 Shares of LyondellBasell Industries (NYSE:LYB)

Global Wealth Management Investment Advisory Inc. boosted its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 37.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,960 shares of the specialty chemicals company's stock after buying an additional 9,974 shares during the period. Global Wealth Management Investment Advisory Inc.'s holdings in LyondellBasell Industries were worth $3,514,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. PGGM Investments grew its holdings in shares of LyondellBasell Industries by 6.9% in the 4th quarter. PGGM Investments now owns 13,663 shares of the specialty chemicals company's stock worth $1,299,000 after purchasing an additional 879 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of LyondellBasell Industries in the 4th quarter worth about $14,000,000. Invesco Ltd. grew its holdings in shares of LyondellBasell Industries by 24.9% in the 3rd 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 last quarter. Arvest Investments Inc. bought a new stake in shares of LyondellBasell Industries in the 4th quarter worth about $2,001,000. Finally, Oak Thistle LLC bought a new stake in shares of LyondellBasell Industries in the 4th quarter worth about $1,426,000. Institutional investors and hedge funds own 71.20% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on LYB shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company a "hold" rating in a research report on Tuesday. Citigroup raised their price objective on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the company a "neutral" rating in a research report on Wednesday, April 10th. BMO Capital Markets lifted their price target on shares of LyondellBasell Industries from $99.00 to $105.00 and gave the stock a "market perform" rating in a research report on Tuesday. Royal Bank of Canada lifted their price target on shares of LyondellBasell Industries from $107.00 to $113.00 and gave the stock an "outperform" rating in a research report on Monday. Finally, Wells Fargo & Company lifted their price target on shares of LyondellBasell Industries from $105.00 to $117.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, LyondellBasell Industries presently has an average rating of "Hold" and an average target price of $104.75.

LyondellBasell Industries Price Performance

Shares of LYB stock traded down $0.45 on Wednesday, reaching $99.52. The company had a trading volume of 1,935,705 shares, compared to its average volume of 1,934,613. The stock has a market capitalization of $32.41 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of 1.25 and a beta of 1.19. The company has a quick ratio of 1.32, a current ratio of 2.12 and a debt-to-equity ratio of 0.85. LyondellBasell Industries has a one year low of $84.80 and a one year high of $106.69. The business's 50-day moving average is $101.02 and its 200 day moving average is $96.63.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 EPS for the quarter, topping analysts' consensus estimates of $1.36 by $0.17. The firm had revenue of $9.93 billion during the quarter, compared to analysts' expectations of $9.70 billion. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The business's revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.50 earnings per share. Equities research analysts forecast that LyondellBasell Industries will post 8.69 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, March 4th were issued a $1.25 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $5.00 dividend on an annualized basis and a yield of 5.02%. LyondellBasell Industries's dividend payout ratio (DPR) is presently 77.28%.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan sold 18,111 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the completion of the sale, the director now owns 12,276 shares of the company's stock, valued at approximately $1,233,246.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Kenneth Todd Lane sold 29,229 shares of LyondellBasell Industries stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $99.19, for a total value of $2,899,224.51. Following the completion of the sale, the executive vice president now owns 91,758 shares in the company, valued at approximately $9,101,476.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robin W.T. Buchanan sold 18,111 shares of LyondellBasell Industries stock in a transaction on Friday, March 15th. The shares were sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the completion of the sale, the director now owns 12,276 shares of the company's stock, valued at approximately $1,233,246.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 80,853 shares of company stock valued at $8,077,267. 0.11% of the stock is currently owned by company insiders.

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.