290,173 Shares in LyondellBasell Industries (NYSE:LYB) Acquired by Randolph Co Inc

Randolph Co Inc bought a new stake in shares of LyondellBasell Industries (NYSE:LYB - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 290,173 shares of the specialty chemicals company's stock, valued at approximately $21,551,000. LyondellBasell Industries accounts for about 2.4% of Randolph Co Inc's portfolio, making the stock its 18th biggest holding. Randolph Co Inc owned about 0.09% of LyondellBasell Industries as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Webster Bank N. A. raised its position in shares of LyondellBasell Industries by 70.4% in the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock worth $26,000 after buying an additional 143 shares in the last quarter. Rosenberg Matthew Hamilton lifted its position in LyondellBasell Industries by 268.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company's stock valued at $30,000 after purchasing an additional 295 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in LyondellBasell Industries in the 4th quarter worth approximately $37,000. Covestor Ltd increased its holdings in shares of LyondellBasell Industries by 107.6% in the 4th quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company's stock worth $41,000 after buying an additional 284 shares during the last quarter. Finally, Pinnacle Bancorp Inc. purchased a new position in LyondellBasell Industries in the fourth quarter worth $59,000. 71.20% of the stock is currently owned by institutional investors.

Insider Transactions at LyondellBasell Industries

In related news, Director Michael Sean Hanley bought 3,750 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the purchase, the director now directly owns 16,028 shares of the company's stock, valued at approximately $1,154,817.40. This trade represents a 30.54 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.14% of the company's stock.

LyondellBasell Industries Trading Up 0.1 %

Shares of LYB traded up $0.03 during midday trading on Friday, hitting $58.34. The stock had a trading volume of 3,085,240 shares, compared to its average volume of 2,539,067. LyondellBasell Industries has a 1 year low of $51.11 and a 1 year high of $107.02. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. The firm has a market cap of $18.83 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 0.97 and a beta of 0.89. The stock's 50 day moving average is $65.79 and its 200 day moving average is $74.62.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The firm had revenue of $7.68 billion for the quarter, compared to analysts' expectations of $7.69 billion. LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. The business's quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.53 EPS. As a group, analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 9.19%. The ex-dividend date of this dividend was Monday, March 10th. LyondellBasell Industries's dividend payout ratio is currently 165.43%.

Analysts Set New Price Targets

LYB has been the subject of several recent research reports. Wells Fargo & Company lowered their price target on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Friday, April 4th. The Goldman Sachs Group dropped their price target on LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating on the stock in a research report on Monday, April 28th. UBS Group reaffirmed a "sell" rating and set a $51.00 target price (down previously from $76.00) on shares of LyondellBasell Industries in a research note on Monday, April 7th. Piper Sandler cut their price objective on shares of LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating on the stock in a research report on Thursday. Finally, Fermium Researc raised LyondellBasell Industries to a "strong-buy" rating in a research report on Friday, April 25th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $69.75.

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.