Aviance Capital Partners LLC Raises Position in LyondellBasell Industries (NYSE:LYB)

Aviance Capital Partners LLC grew its position in LyondellBasell Industries (NYSE:LYB - Free Report) by 102.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 28,399 shares of the specialty chemicals company's stock after acquiring an additional 14,386 shares during the period. Aviance Capital Partners LLC's holdings in LyondellBasell Industries were worth $2,109,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Webster Bank N. A. lifted its stake in shares of LyondellBasell Industries by 70.4% in the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock valued at $26,000 after acquiring an additional 143 shares during the last quarter. Rosenberg Matthew Hamilton raised its position in 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 during the last quarter. Ashton Thomas Securities LLC bought a new position in LyondellBasell Industries during the 3rd quarter worth $31,000. Pinnacle Bancorp Inc. bought a new position in LyondellBasell Industries during the 4th quarter worth $59,000. Finally, Brooklyn Investment Group bought a new position in LyondellBasell Industries during the 3rd quarter worth $60,000. 71.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LYB has been the subject of several research analyst reports. The Goldman Sachs Group lowered their price objective on LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating for the company in a research report on Thursday, December 12th. Piper Sandler lowered their price objective on LyondellBasell Industries from $95.00 to $84.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Royal Bank of Canada lifted their price objective on LyondellBasell Industries from $82.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 4th. Morgan Stanley reduced their target price 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. Finally, UBS Group reduced their target price on LyondellBasell Industries from $77.00 to $76.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $88.25.

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Insider Activity at LyondellBasell Industries

In other 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 acquired at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the purchase, the director now owns 18,175 shares in the company, valued at approximately $1,382,390.50. This trade represents a 37.95 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.11% of the stock is owned by company insiders.

LyondellBasell Industries Stock Performance

Shares of LyondellBasell Industries stock traded up $1.62 during mid-day trading on Friday, hitting $77.53. 3,223,373 shares of the stock were exchanged, compared to its average volume of 2,061,236. LyondellBasell Industries has a 12 month low of $72.21 and a 12 month high of $107.02. The company has a 50-day simple moving average of $76.04 and a 200 day simple moving average of $83.69. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. The company has a market capitalization of $25.08 billion, a P/E ratio of 18.73, a P/E/G ratio of 0.97 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its earnings results 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 return on equity of 15.97% and a net margin of 3.39%. During the same quarter in the prior year, the firm posted $1.26 EPS. Sell-side analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

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