Heritage Trust Co Purchases New Stake in LyondellBasell Industries (NYSE:LYB)

Heritage Trust Co acquired a new position in LyondellBasell Industries (NYSE:LYB - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 28,624 shares of the specialty chemicals company's stock, valued at approximately $2,126,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its holdings in LyondellBasell Industries by 7.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,582,119 shares of the specialty chemicals company's stock worth $637,394,000 after purchasing an additional 558,137 shares during the period. Geode Capital Management LLC raised its position in LyondellBasell Industries by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 6,804,205 shares of the specialty chemicals company's stock worth $512,913,000 after buying an additional 199,054 shares during the last quarter. Invesco Ltd. lifted its stake in LyondellBasell Industries by 13.5% during the 4th quarter. Invesco Ltd. now owns 5,826,318 shares of the specialty chemicals company's stock valued at $432,721,000 after acquiring an additional 694,055 shares during the period. JPMorgan Chase & Co. boosted its holdings in LyondellBasell Industries by 3.7% in the third quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company's stock worth $501,501,000 after purchasing an additional 187,150 shares during the last quarter. Finally, Amundi grew its holdings in shares of LyondellBasell Industries by 48.6% in the fourth quarter. Amundi now owns 3,858,033 shares of the specialty chemicals company's stock worth $283,452,000 after acquiring an additional 1,260,913 shares during the period. Institutional investors own 71.20% of the company's stock.

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LyondellBasell Industries Stock Performance

NYSE LYB traded up $0.61 on Monday, reaching $57.50. The stock had a trading volume of 4,338,505 shares, compared to its average volume of 2,421,927. LyondellBasell Industries has a 12-month low of $51.11 and a 12-month high of $107.02. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. The stock has a market cap of $18.60 billion, a P/E ratio of 13.89, a price-to-earnings-growth ratio of 0.97 and a beta of 0.89. The business's 50-day moving average price is $71.54 and its 200 day moving average price is $78.34.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing analysts' consensus estimates of $1.28 by ($0.53). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. During the same period last year, the business posted $1.26 EPS. As a group, equities 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 dividend on an annualized basis and a dividend yield of 9.32%. LyondellBasell Industries's payout ratio is 129.47%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on LYB shares. UBS Group reissued a "sell" rating and issued a $51.00 target price (down from $76.00) on shares of LyondellBasell Industries in a report on Monday, April 7th. Royal Bank of Canada lowered shares of LyondellBasell Industries from an "outperform" rating to a "sector perform" rating and set a $62.00 target price for the company. in a report on Wednesday, April 9th. Barclays dropped their target price on LyondellBasell Industries from $80.00 to $72.00 and set an "equal weight" rating for the company in a report on Tuesday, April 1st. Morgan Stanley decreased their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Finally, Citigroup reduced their price target on shares of LyondellBasell Industries from $75.00 to $66.00 and set a "neutral" rating on the stock in a research note on Friday, April 4th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, LyondellBasell Industries has a consensus rating of "Hold" and a consensus target price of $76.50.

Insider Activity at LyondellBasell Industries

In related news, Director Michael Sean Hanley bought 3,750 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the acquisition, the director now owns 16,028 shares in the company, valued at $1,154,817.40. This represents a 30.54 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.11% of the stock is owned by 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.