LyondellBasell Industries (NYSE:LYB) Shares Acquired by Bridgewater Associates LP

Bridgewater Associates LP boosted its position in LyondellBasell Industries (NYSE:LYB - Free Report) by 90.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,501 shares of the specialty chemicals company's stock after purchasing an additional 23,521 shares during the period. Bridgewater Associates LP's holdings in LyondellBasell Industries were worth $3,676,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of LYB. Guggenheim Capital LLC lifted its stake in shares of LyondellBasell Industries by 5.7% during the fourth quarter. Guggenheim Capital LLC now owns 121,085 shares of the specialty chemicals company's stock valued at $8,993,000 after buying an additional 6,493 shares during the period. Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of LyondellBasell Industries during the 4th quarter worth $1,376,000. XTX Topco Ltd acquired a new stake in shares of LyondellBasell Industries during the fourth quarter worth $1,928,000. CreativeOne Wealth LLC grew its position in shares of LyondellBasell Industries by 32.8% in the fourth quarter. CreativeOne Wealth LLC now owns 20,672 shares of the specialty chemicals company's stock valued at $1,535,000 after purchasing an additional 5,110 shares during the period. Finally, Barclays PLC increased its stake in LyondellBasell Industries by 11.6% in the fourth quarter. Barclays PLC now owns 1,057,916 shares of the specialty chemicals company's stock valued at $78,574,000 after purchasing an additional 109,705 shares during the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the company. StockNews.com cut LyondellBasell Industries from a "buy" rating to a "hold" rating in a report on Wednesday, January 8th. Piper Sandler dropped their price objective on shares of LyondellBasell Industries from $84.00 to $67.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $60.00 price objective (down previously from $80.00) on shares of LyondellBasell Industries in a research note on Friday, April 4th. Wells Fargo & Company dropped their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Friday, April 4th. Finally, Morgan Stanley dropped their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $76.50.

Insider Buying and Selling

In related news, Director Michael Sean Hanley acquired 3,750 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the completion of the purchase, the director now directly owns 16,028 shares in the company, valued at $1,154,817.40. This trade represents a 30.54 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.11% of the stock is currently owned by company insiders.

LyondellBasell Industries Trading Down 0.1 %

LYB traded down $0.03 on Wednesday, reaching $58.11. 1,278,331 shares of the company's stock were exchanged, compared to its average volume of 3,409,496. The company's 50 day moving average is $68.79 and its 200-day moving average is $76.57. The company has a market cap of $18.76 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 0.97 and a beta of 0.89. LyondellBasell Industries has a twelve month low of $51.11 and a twelve month high of $107.02. 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 (NYSE:LYB - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share 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 period in the previous year, the firm posted $1.26 earnings per share. Equities analysts predict that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 9.22%. The ex-dividend date of this dividend was Monday, March 10th. LyondellBasell Industries's dividend payout ratio (DPR) 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.