AMG National Trust Bank Invests $992,000 in LyondellBasell Industries (NYSE:LYB)

AMG National Trust Bank purchased a new stake in shares of LyondellBasell Industries (NYSE:LYB - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 13,553 shares of the specialty chemicals company's stock, valued at approximately $992,000.

A number of other large investors have also made changes to their positions in LYB. Raymond James Financial Inc. bought a new stake in shares of LyondellBasell Industries during the 4th quarter valued at about $69,115,000. Jacobs Levy Equity Management Inc. grew its stake in shares of LyondellBasell Industries by 211.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,283,163 shares of the specialty chemicals company's stock valued at $123,055,000 after acquiring an additional 871,708 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of LyondellBasell Industries by 7.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,582,119 shares of the specialty chemicals company's stock valued at $637,394,000 after acquiring an additional 558,137 shares during the period. Franklin Resources Inc. grew its stake in shares of LyondellBasell Industries by 11.4% during the 3rd quarter. Franklin Resources Inc. now owns 2,875,267 shares of the specialty chemicals company's stock valued at $268,664,000 after acquiring an additional 293,622 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of LyondellBasell Industries by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 6,605,151 shares of the specialty chemicals company's stock valued at $638,964,000 after acquiring an additional 277,108 shares during the period. 71.20% of the stock is currently owned by institutional investors.

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LyondellBasell Industries Trading Up 2.1 %

LyondellBasell Industries stock traded up $1.62 during mid-day trading on Friday, hitting $77.53. The company's stock had a trading volume of 3,223,373 shares, compared to its average volume of 2,061,236. The company has a 50 day moving average of $76.04 and a 200-day moving average of $83.69. The stock has a market cap of $25.08 billion, a PE ratio of 18.73, a P/E/G ratio of 0.97 and a beta of 1.06. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. LyondellBasell Industries has a one year low of $72.21 and a one year high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly 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 return on equity of 15.97% and a net margin of 3.39%. During the same period in the prior year, the company posted $1.26 EPS. On average, research analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 6.91%. The ex-dividend date is Monday, March 10th. LyondellBasell Industries's payout ratio is currently 129.47%.

Insider Activity at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan acquired 5,000 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 18,175 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

LYB has been the subject of several recent analyst reports. The Goldman Sachs Group dropped 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. StockNews.com downgraded LyondellBasell Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Morgan Stanley dropped their price target on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Piper Sandler dropped 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, UBS Group decreased their price objective on LyondellBasell Industries from $77.00 to $76.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $88.25.

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.