AGF Management Ltd. Invests $2.31 Million in LyondellBasell Industries (NYSE:LYB)

AGF Management Ltd. purchased a new stake in LyondellBasell Industries (NYSE:LYB - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 31,080 shares of the specialty chemicals company's stock, valued at approximately $2,308,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in shares of LyondellBasell Industries in the third quarter worth about $31,000. Apollon Wealth Management LLC raised its holdings in LyondellBasell Industries by 11.4% in the 3rd quarter. Apollon Wealth Management LLC now owns 3,519 shares of the specialty chemicals company's stock worth $338,000 after purchasing an additional 359 shares during the period. GSA Capital Partners LLP acquired a new stake in LyondellBasell Industries in the third quarter valued at approximately $1,271,000. Sumitomo Mitsui Trust Group Inc. increased its position in shares of LyondellBasell Industries by 1.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 746,660 shares of the specialty chemicals company's stock valued at $71,605,000 after buying an additional 10,611 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC raised its stake in shares of LyondellBasell Industries by 59.9% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 5,610 shares of the specialty chemicals company's stock worth $538,000 after buying an additional 2,102 shares during the period. Institutional investors and hedge funds own 71.20% of the company's stock.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, Director Michael Sean Hanley purchased 3,750 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is owned by corporate insiders.

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Analyst Ratings Changes

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. cut their price target on shares of LyondellBasell Industries from $90.00 to $80.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Morgan Stanley reduced 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 report on Tuesday, February 4th. The Goldman Sachs Group lowered their price objective on LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating on the stock in a report on Thursday, December 12th. Wells Fargo & Company decreased their target price on LyondellBasell Industries from $95.00 to $90.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. Finally, Royal Bank of Canada lifted their price target on LyondellBasell Industries from $82.00 to $90.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, LyondellBasell Industries currently has a consensus rating of "Hold" and a consensus target price of $88.25.

LyondellBasell Industries Trading Down 1.8 %

Shares of LYB stock traded down $1.37 during trading on Wednesday, hitting $73.72. 2,540,409 shares of the stock traded hands, compared to its average volume of 2,048,619. The firm has a market capitalization of $23.84 billion, a P/E ratio of 17.81, a price-to-earnings-growth ratio of 0.97 and a beta of 1.06. LyondellBasell Industries has a 52-week low of $71.81 and a 52-week 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's fifty day moving average price is $76.13 and its 200-day moving average price is $82.43.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.53). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. During the same period last year, the business posted $1.26 earnings per share. As a group, research analysts forecast that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a $1.34 dividend. The ex-dividend date was Monday, March 10th. This represents a $5.36 annualized dividend and a yield of 7.27%. LyondellBasell Industries's dividend payout ratio (DPR) is presently 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.