LyondellBasell Industries (NYSE:LYB) Shares Purchased by Arvest Bank Trust Division

Arvest Bank Trust Division grew its position in LyondellBasell Industries (NYSE:LYB - Free Report) by 39.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,511 shares of the specialty chemicals company's stock after acquiring an additional 7,738 shares during the period. Arvest Bank Trust Division's holdings in LyondellBasell Industries were worth $2,043,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of LYB. Webster Bank N. A. increased its stake in shares of LyondellBasell Industries by 70.4% during the fourth 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. Cairn Investment Group Inc. grew its stake in LyondellBasell Industries by 0.4% during the 4th quarter. Cairn Investment Group Inc. now owns 42,147 shares of the specialty chemicals company's stock valued at $3,130,000 after acquiring an additional 155 shares in the last quarter. Alliance Wealth Advisors LLC UT boosted its holdings in shares of LyondellBasell Industries by 5.2% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 3,608 shares of the specialty chemicals company's stock worth $268,000 after purchasing an additional 177 shares during the last quarter. Y.D. More Investments Ltd lifted its position in LyondellBasell Industries by 14.9% during the fourth quarter. Y.D. More Investments Ltd now owns 1,497 shares of the specialty chemicals company's stock worth $111,000 after buying an additional 194 shares in the last quarter. Finally, Caprock Group LLC increased its stake in shares of LyondellBasell Industries by 5.8% in the 4th quarter. Caprock Group LLC now owns 4,008 shares of the specialty chemicals company's stock worth $298,000 after acquiring an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company's stock.

LyondellBasell Industries Stock Up 3.0 %

LYB stock traded up $1.69 during midday trading on Tuesday, reaching $57.99. 1,081,064 shares of the company were exchanged, compared to its average volume of 2,458,043. The company has a market cap of $18.72 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 0.97 and a beta of 0.89. 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 1-year low of $51.11 and a 1-year high of $107.02. The stock's 50-day simple moving average is $69.15 and its 200 day simple moving average is $76.69.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings data 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 in the previous year, the company earned $1.26 EPS. On average, equities analysts forecast that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders 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 dividend on an annualized basis and a yield of 9.24%. LyondellBasell Industries's dividend payout ratio (DPR) is 129.47%.

Insider Activity

In other news, Director Michael Sean Hanley bought 3,750 shares of LyondellBasell Industries stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average price of $72.05 per share, for a total transaction of $270,187.50. Following the completion of the acquisition, the director now owns 16,028 shares of the company's stock, valued at $1,154,817.40. The trade was a 30.54 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.11% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on LYB shares. Citigroup decreased their target price on shares of LyondellBasell Industries from $75.00 to $66.00 and set a "neutral" rating on the stock in a report on Friday, April 4th. Morgan Stanley dropped 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. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $60.00 price target (down from $80.00) on shares of LyondellBasell Industries in a research note on Friday, April 4th. Royal Bank of Canada lowered shares of LyondellBasell Industries from an "outperform" rating to a "sector perform" rating and set a $62.00 price objective for the company. in a research note on Wednesday, April 9th. Finally, StockNews.com downgraded shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $76.50.

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.