Amundi Purchases 1,260,913 Shares of LyondellBasell Industries (NYSE:LYB)

Amundi raised its position in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 48.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,858,033 shares of the specialty chemicals company's stock after purchasing an additional 1,260,913 shares during the period. Amundi owned 1.19% of LyondellBasell Industries worth $283,452,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of LYB. Ashton Thomas Securities LLC bought a new position in shares of LyondellBasell Industries during the 3rd quarter worth $31,000. Webster Bank N. A. lifted its holdings in LyondellBasell Industries by 70.4% during the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock valued at $26,000 after purchasing an additional 143 shares during the last quarter. Rosenberg Matthew Hamilton boosted its position in LyondellBasell Industries by 268.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company's stock worth $30,000 after purchasing an additional 295 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new position in LyondellBasell Industries during the fourth quarter worth about $37,000. Finally, Brooklyn Investment Group bought a new stake in shares of LyondellBasell Industries in the third quarter valued at approximately $60,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other LyondellBasell Industries news, Director Robin W.T. Buchanan purchased 5,000 shares of the stock in a transaction on Friday, December 13th. The stock was acquired at an average cost of $76.06 per share, with a total value of $380,300.00. Following the completion of the purchase, the director now directly owns 18,175 shares of the company's stock, valued at approximately $1,382,390.50. This trade represents a 37.95 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.11% of the stock is owned by insiders.

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LyondellBasell Industries Price Performance

LYB traded down $1.82 on Wednesday, reaching $72.14. The company had a trading volume of 2,844,498 shares, compared to its average volume of 2,073,138. 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 52-week low of $71.99 and a 52-week high of $107.02. The company has a market cap of $23.33 billion, a price-to-earnings ratio of 17.43, a P/E/G ratio of 0.97 and a beta of 1.06. The business has a 50 day simple moving average of $76.10 and a 200 day simple moving average of $83.28.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share 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 quarter in the previous year, the firm posted $1.26 EPS. As a group, sell-side analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a $1.34 dividend. The ex-dividend date is Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a yield of 7.43%. LyondellBasell Industries's payout ratio is 129.47%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on LYB shares. Barclays reduced their price objective on shares of LyondellBasell Industries from $90.00 to $80.00 and set an "equal weight" rating for the company in a research note on Monday, February 3rd. Royal Bank of Canada lifted their price target on LyondellBasell Industries from $82.00 to $90.00 and gave the company an "outperform" rating in a research report on Tuesday, February 4th. The Goldman Sachs Group dropped 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. Mizuho reduced their target price on LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating for the company in a report on Monday, December 9th. Finally, Wells Fargo & Company lowered their price target on shares of LyondellBasell Industries from $95.00 to $90.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $88.25.

About LyondellBasell Industries

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.