Stifel Financial Corp Boosts Stake in LyondellBasell Industries (NYSE:LYB)

Stifel Financial Corp grew its holdings in LyondellBasell Industries (NYSE:LYB - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 420,635 shares of the specialty chemicals company's stock after purchasing an additional 19,648 shares during the period. Stifel Financial Corp owned approximately 0.13% of LyondellBasell Industries worth $31,241,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Van Lanschot Kempen Investment Management N.V. lifted its stake in shares of LyondellBasell Industries by 22.7% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 476,100 shares of the specialty chemicals company's stock worth $35,360,000 after acquiring an additional 88,199 shares during the period. TD Waterhouse Canada Inc. raised its stake in LyondellBasell Industries by 29.2% during the 4th quarter. TD Waterhouse Canada Inc. now owns 2,869 shares of the specialty chemicals company's stock worth $213,000 after buying an additional 648 shares during the period. Trajan Wealth LLC grew its stake in LyondellBasell Industries by 19.5% in the fourth quarter. Trajan Wealth LLC now owns 54,409 shares of the specialty chemicals company's stock valued at $4,041,000 after acquiring an additional 8,884 shares during the period. MetLife Investment Management LLC raised its position in shares of LyondellBasell Industries by 1.7% during the fourth quarter. MetLife Investment Management LLC now owns 68,772 shares of the specialty chemicals company's stock worth $5,108,000 after purchasing an additional 1,146 shares during the period. Finally, Norinchukin Bank The lifted its holdings in shares of LyondellBasell Industries by 12.4% in the 4th quarter. Norinchukin Bank The now owns 12,500 shares of the specialty chemicals company's stock worth $928,000 after purchasing an additional 1,380 shares in the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on LYB. Citigroup reduced their price objective on LyondellBasell Industries from $75.00 to $66.00 and set a "neutral" rating for the company in a research note on Friday, April 4th. UBS Group reissued a "sell" rating and set a $51.00 price objective (down previously from $76.00) on shares of LyondellBasell Industries in a research note on Monday, April 7th. Royal Bank of Canada lowered LyondellBasell Industries from an "outperform" rating to a "sector perform" rating and set a $62.00 target price on the stock. in a research note on Wednesday, April 9th. Piper Sandler dropped their price target on LyondellBasell Industries from $84.00 to $67.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Finally, Wells Fargo & Company decreased their price target on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Friday, April 4th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $74.75.

Insider Activity

In other LyondellBasell Industries news, Director Michael Sean Hanley acquired 3,750 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of $72.05 per share, with a total value 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 represents a 30.54 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.14% of the company's stock.

LyondellBasell Industries Stock Up 0.1 %

NYSE LYB traded up $0.09 during mid-day trading on Tuesday, reaching $58.81. The stock had a trading volume of 1,264,674 shares, compared to its average volume of 2,506,115. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. LyondellBasell Industries has a 1 year low of $51.11 and a 1 year high of $107.02. The stock has a market cap of $18.99 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 0.97 and a beta of 0.89. The company has a fifty day moving average price of $67.31 and a 200 day moving average price of $75.44.

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

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a dividend of $1.34 per share. The ex-dividend date was Monday, March 10th. This represents a $5.36 annualized dividend and a dividend yield of 9.11%. LyondellBasell Industries's dividend payout ratio (DPR) is 129.47%.

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.