Banque Pictet & Cie SA Acquires 28,389 Shares of LyondellBasell Industries (NYSE:LYB)

Banque Pictet & Cie SA lifted its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 12.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 258,647 shares of the specialty chemicals company's stock after buying an additional 28,389 shares during the period. Banque Pictet & Cie SA owned 0.08% of LyondellBasell Industries worth $19,210,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in LyondellBasell Industries in the third quarter valued at approximately $31,000. Webster Bank N. A. boosted 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 valued at $26,000 after purchasing an additional 143 shares during the period. Rosenberg Matthew Hamilton grew its stake 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 buying an additional 295 shares during the last quarter. Fortitude Family Office LLC increased 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 worth $45,000 after buying an additional 290 shares during the period. Finally, Gilliland Jeter Wealth Management LLC lifted its stake in LyondellBasell Industries by 58.0% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 553 shares of the specialty chemicals company's stock valued at $53,000 after buying an additional 203 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company's stock.

LyondellBasell Industries Trading Up 1.9 %

LYB traded up $1.49 during trading on Tuesday, reaching $78.19. The company had a trading volume of 2,343,904 shares, compared to its average volume of 2,727,736. 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 12-month low of $72.21 and a 12-month high of $107.02. The company has a market cap of $25.39 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 0.92 and a beta of 1.05. The firm's 50-day simple moving average is $75.58 and its 200 day simple moving average is $85.52.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly 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 net margin of 3.39% and a return on equity of 15.97%. During the same quarter in the previous year, the company posted $1.26 earnings per share. Equities research analysts anticipate that LyondellBasell Industries will post 6.68 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were given a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 6.86%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries's payout ratio is 129.47%.

Insiders Place Their Bets

In related news, Director Robin W.T. Buchanan bought 5,000 shares of the business's stock in a transaction on Friday, December 13th. The stock was bought at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the transaction, the director now directly owns 18,175 shares in the company, valued at $1,382,390.50. This represents a 37.95 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. The Goldman Sachs Group dropped their price objective on shares of LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating on the stock in a report on Thursday, December 12th. Mizuho dropped their price target on shares of LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating on the stock in a research note on Monday, December 9th. Deutsche Bank Aktiengesellschaft reduced their price objective on LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating for the company in a research report on Monday, November 4th. UBS Group lowered their target price on LyondellBasell Industries from $77.00 to $76.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. Finally, Wells Fargo & Company reduced their price target on LyondellBasell Industries from $95.00 to $90.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, LyondellBasell Industries currently has a consensus rating of "Hold" and a consensus 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.