LyondellBasell Industries (NYSE:LYB) Shares Purchased by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG raised its stake in LyondellBasell Industries (NYSE:LYB - Free Report) by 26.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 188,680 shares of the specialty chemicals company's stock after buying an additional 39,957 shares during the quarter. Bank Pictet & Cie Europe AG owned about 0.06% of LyondellBasell Industries worth $14,013,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Webster Bank N. A. grew its position in shares of LyondellBasell Industries by 70.4% in 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 lifted its holdings in shares of 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 acquiring an additional 295 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of LyondellBasell Industries in the 3rd quarter valued at $31,000. Fortitude Family Office LLC grew its position in LyondellBasell Industries by 162.0% in the third quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company's stock valued at $45,000 after acquiring an additional 290 shares during the last quarter. Finally, Gilliland Jeter Wealth Management LLC increased its position in LyondellBasell Industries by 58.0% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 553 shares of the specialty chemicals company's stock worth $53,000 after purchasing an additional 203 shares in the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on LYB. Piper Sandler cut their target price on shares of LyondellBasell Industries from $95.00 to $84.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. JPMorgan Chase & Co. cut their price target on LyondellBasell Industries from $90.00 to $80.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. The Goldman Sachs Group decreased their target price 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. 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 report on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating on the stock in a research report on Monday, November 4th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, LyondellBasell Industries currently has an average rating of "Hold" and an average price target of $88.25.

Insider Buying and Selling at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan acquired 5,000 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average cost of $76.06 per share, with a total value of $380,300.00. Following the transaction, the director now directly owns 18,175 shares of the company's stock, valued at $1,382,390.50. This trade represents a 37.95 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.11% of the company's stock.

LyondellBasell Industries Price Performance

Shares of NYSE:LYB traded down $0.80 during trading on Wednesday, hitting $77.42. 1,856,683 shares of the company's stock were exchanged, compared to its average volume of 2,700,509. LyondellBasell Industries has a 52-week low of $72.21 and a 52-week high of $107.02. The business's 50-day simple moving average is $75.60 and its 200 day simple moving average is $85.40. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. The company has a market cap of $25.14 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 0.96 and a beta of 1.05.

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 return on equity of 15.97% and a net margin of 3.39%. During the same quarter in the previous year, the business earned $1.26 EPS. As a group, equities analysts predict that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were given a $1.34 dividend. The ex-dividend date was Monday, December 2nd. This represents a $5.36 annualized dividend and a dividend yield of 6.92%. LyondellBasell Industries's payout ratio is presently 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.