Arvest Investments Inc. Raises Position in LyondellBasell Industries (NYSE:LYB)

Arvest Investments Inc. boosted its position in LyondellBasell Industries (NYSE:LYB - Free Report) by 36.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,791 shares of the specialty chemicals company's stock after acquiring an additional 5,586 shares during the quarter. Arvest Investments Inc.'s holdings in LyondellBasell Industries were worth $1,544,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in LYB. Webster Bank N. A. increased its position in 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. Cairn Investment Group Inc. grew its stake in shares of LyondellBasell Industries by 0.4% during the fourth quarter. Cairn Investment Group Inc. now owns 42,147 shares of the specialty chemicals company's stock worth $3,130,000 after buying an additional 155 shares during the last quarter. Raymond James Trust N.A. increased its holdings in shares of LyondellBasell Industries by 1.0% during the third quarter. Raymond James Trust N.A. now owns 17,483 shares of the specialty chemicals company's stock worth $1,677,000 after buying an additional 173 shares in the last quarter. Alliance Wealth Advisors LLC UT lifted its stake in shares of LyondellBasell Industries by 5.2% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 3,608 shares of the specialty chemicals company's stock valued at $268,000 after acquiring an additional 177 shares during the last quarter. Finally, Y.D. More Investments Ltd boosted its holdings in shares of LyondellBasell Industries by 14.9% during the 4th quarter. Y.D. More Investments Ltd now owns 1,497 shares of the specialty chemicals company's stock valued at $111,000 after acquiring an additional 194 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

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LyondellBasell Industries Trading Up 0.5 %

LYB stock traded up $0.33 during mid-day trading on Monday, reaching $71.88. The company's stock had a trading volume of 3,430,996 shares, compared to its average volume of 2,096,534. The company has a market cap of $23.25 billion, a price-to-earnings ratio of 17.36, a price-to-earnings-growth ratio of 0.97 and a beta of 1.06. LyondellBasell Industries has a 12 month low of $70.75 and a 12 month high of $107.02. The business's 50 day moving average price is $76.12 and its 200 day moving average price is $81.93. 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 (NYSE:LYB - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 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 quarter last year, the firm earned $1.26 earnings per share. On average, equities research analysts predict 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 was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 7.46%. The ex-dividend date of this dividend was Monday, March 10th. LyondellBasell Industries's payout ratio is 129.47%.

Analyst Ratings Changes

Several equities analysts have commented on LYB shares. JPMorgan Chase & Co. dropped their target price on LyondellBasell Industries from $90.00 to $80.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Wells Fargo & Company cut their target price on shares of LyondellBasell Industries from $95.00 to $90.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. Barclays decreased their price target on shares of LyondellBasell Industries from $90.00 to $80.00 and set an "equal weight" rating for the company in a research report on Monday, February 3rd. Piper Sandler cut their price target on shares of LyondellBasell Industries from $95.00 to $84.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. Finally, Royal Bank of Canada raised their target price on LyondellBasell Industries from $82.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 4th. 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. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $88.25.

Insiders Place Their Bets

In other LyondellBasell Industries news, Director Michael Sean Hanley acquired 3,750 shares of the stock in a transaction 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 in the company, valued at approximately $1,154,817.40. This represents a 30.54 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.11% of the company's stock.

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.