First Horizon Advisors Inc. Acquires 11,569 Shares of LyondellBasell Industries (NYSE:LYB)

First Horizon Advisors Inc. raised its position in LyondellBasell Industries (NYSE:LYB - Free Report) by 4.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 276,364 shares of the specialty chemicals company's stock after acquiring an additional 11,569 shares during the period. LyondellBasell Industries makes up 0.9% of First Horizon Advisors Inc.'s investment portfolio, making the stock its 27th largest holding. First Horizon Advisors Inc. owned 0.09% of LyondellBasell Industries worth $26,277,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in LYB. Mutual Advisors LLC lifted its stake in shares of LyondellBasell Industries by 0.8% in the third quarter. Mutual Advisors LLC now owns 14,386 shares of the specialty chemicals company's stock valued at $1,362,000 after purchasing an additional 111 shares during the period. Czech National Bank lifted its stake in shares of LyondellBasell Industries by 0.3% in the fourth quarter. Czech National Bank now owns 44,879 shares of the specialty chemicals company's stock valued at $4,267,000 after purchasing an additional 116 shares during the period. Cambridge Trust Co. lifted its stake in shares of LyondellBasell Industries by 26.0% in the third quarter. Cambridge Trust Co. now owns 567 shares of the specialty chemicals company's stock valued at $54,000 after purchasing an additional 117 shares during the period. Cowa LLC lifted its stake in shares of LyondellBasell Industries by 3.7% in the third quarter. Cowa LLC now owns 3,290 shares of the specialty chemicals company's stock valued at $312,000 after purchasing an additional 117 shares during the period. Finally, First Trust Direct Indexing L.P. lifted its stake in shares of LyondellBasell Industries by 2.0% in the third 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 period. Institutional investors and hedge funds own 71.20% of the company's stock.

LyondellBasell Industries Trading Down 0.7 %

Shares of LYB traded down $0.74 during mid-day trading on Thursday, hitting $98.78. The company had a trading volume of 1,592,333 shares, compared to its average volume of 1,930,647. The business's 50-day simple moving average is $101.08 and its 200-day simple moving average is $96.67. 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 1-year low of $84.80 and a 1-year high of $106.69. The stock has a market cap of $32.16 billion, a PE ratio of 15.27, a P/E/G ratio of 1.26 and a beta of 1.18.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share for the quarter, beating analysts' consensus estimates of $1.36 by $0.17. The firm had revenue of $9.93 billion for 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%. LyondellBasell Industries's revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.50 earnings per share. Sell-side analysts forecast that LyondellBasell Industries will post 8.49 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were given a dividend of $1.25 per share. 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 5.06%. LyondellBasell Industries's dividend payout ratio (DPR) is 77.28%.

Wall Street Analysts Forecast Growth

LYB has been the subject of several recent research reports. 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 report on Monday. JPMorgan Chase & Co. raised their target price on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company an "overweight" rating in a report on Friday, March 22nd. Citigroup raised their target price on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the company a "neutral" rating in a report on Wednesday, April 10th. Wolfe Research initiated coverage on shares of LyondellBasell Industries in a report on Friday, March 1st. They set an "underperform" rating for the company. Finally, Vertical Research upgraded shares of LyondellBasell Industries from a "hold" rating to a "buy" rating in a report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $104.75.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, EVP Kenneth Todd Lane sold 29,229 shares of LyondellBasell Industries stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $99.19, for a total transaction of $2,899,224.51. Following the transaction, the executive vice president now directly owns 91,758 shares of the company's stock, valued at $9,101,476.02. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Robin W.T. Buchanan sold 18,111 shares of the business's 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 transaction, the director now directly owns 12,276 shares of the company's stock, valued at $1,233,246.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kenneth Todd Lane sold 29,229 shares of the business's stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $99.19, for a total transaction of $2,899,224.51. Following the transaction, the executive vice president now directly owns 91,758 shares in the company, valued at $9,101,476.02. 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 over the last ninety days. 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.