Americana Partners LLC Buys 32,994 Shares of LyondellBasell Industries (NYSE:LYB)

Americana Partners LLC increased its holdings in LyondellBasell Industries (NYSE:LYB - Free Report) by 176.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,722 shares of the specialty chemicals company's stock after acquiring an additional 32,994 shares during the period. Americana Partners LLC's holdings in LyondellBasell Industries were worth $3,841,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in LyondellBasell Industries in the 3rd quarter worth about $31,000. Webster Bank N. A. raised its stake in shares of LyondellBasell Industries by 70.4% during the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock worth $26,000 after purchasing an additional 143 shares in the last quarter. Rosenberg Matthew Hamilton raised its stake in shares of LyondellBasell Industries by 268.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company's stock worth $30,000 after purchasing an additional 295 shares in the last quarter. Fortitude Family Office LLC raised its stake in shares of LyondellBasell Industries by 162.0% during the 3rd quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company's stock worth $45,000 after purchasing an additional 290 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC raised its stake in shares of LyondellBasell Industries by 58.0% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 553 shares of the specialty chemicals company's stock worth $53,000 after purchasing an additional 203 shares in the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan acquired 5,000 shares of the firm's stock in a transaction dated Friday, December 13th. The shares were bought at an average price of $76.06 per share, with a total value of $380,300.00. Following the acquisition, the director now owns 18,175 shares of the company's stock, valued at $1,382,390.50. This trade represents a 37.95 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group cut their price target on LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating for the company in a research note on Thursday, December 12th. Royal Bank of Canada raised 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. JPMorgan Chase & Co. cut their price target on LyondellBasell Industries from $90.00 to $80.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Piper Sandler cut their price target on LyondellBasell Industries from $95.00 to $84.00 and set a "neutral" rating for the company in a research note on Thursday, February 13th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating on the stock in a report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $88.25.

LyondellBasell Industries Stock Performance

LYB traded up $0.13 during midday trading on Thursday, reaching $77.63. The company's stock had a trading volume of 1,725,444 shares, compared to its average volume of 2,670,968. The stock has a market cap of $25.21 billion, a P/E ratio of 18.75, a PEG ratio of 0.98 and a beta of 1.05. The company has a fifty day simple moving average of $75.62 and a 200 day simple moving average of $85.35. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. LyondellBasell Industries has a twelve month low of $72.21 and a twelve month high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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. Research analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 6.90%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries's dividend payout ratio (DPR) is currently 129.47%.

LyondellBasell Industries Company 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.