Capital International Inc. CA Raises Position in LyondellBasell Industries (NYSE:LYB)

Capital International Inc. CA increased its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 41.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,757 shares of the specialty chemicals company's stock after acquiring an additional 10,127 shares during the quarter. Capital International Inc. CA's holdings in LyondellBasell Industries were worth $2,581,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Amundi lifted its position in LyondellBasell Industries by 48.6% during the fourth quarter. Amundi now owns 3,858,033 shares of the specialty chemicals company's stock worth $283,452,000 after purchasing an additional 1,260,913 shares during the period. Norges Bank acquired a new position in shares of LyondellBasell Industries in the 4th quarter valued at about $81,015,000. Raymond James Financial Inc. acquired a new position in shares of LyondellBasell Industries during the fourth quarter valued at about $69,115,000. Dodge & Cox boosted its holdings in LyondellBasell Industries by 5.3% in the fourth quarter. Dodge & Cox now owns 16,965,832 shares of the specialty chemicals company's stock worth $1,260,052,000 after acquiring an additional 851,365 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in LyondellBasell Industries by 35.9% in the 4th quarter. Wellington Management Group LLP now owns 2,870,666 shares of the specialty chemicals company's stock valued at $213,204,000 after purchasing an additional 757,612 shares during the period. Institutional investors own 71.20% of the company's stock.

LyondellBasell Industries Trading Up 0.5 %

Shares of NYSE:LYB traded up $0.31 during trading on Friday, reaching $59.56. 4,634,072 shares of the company traded hands, compared to its average volume of 3,463,737. 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 has a 52-week low of $51.11 and a 52-week high of $107.02. The firm has a market capitalization of $19.23 billion, a price-to-earnings ratio of 14.39, a P/E/G ratio of 0.97 and a beta of 0.89. The business's fifty day moving average is $68.06 and its 200-day moving average is $76.19.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). The firm had revenue of $7.68 billion for the quarter, compared to analysts' expectations of $7.69 billion. LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. During the same period in the previous year, the company earned $1.53 EPS. As a group, analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a $1.34 dividend. The ex-dividend date was Monday, March 10th. This represents a $5.36 annualized dividend and a dividend yield of 9.00%. LyondellBasell Industries's payout ratio is presently 129.47%.

Analysts Set New Price Targets

LYB has been the topic of a number of recent analyst reports. Barclays dropped their price target on shares of LyondellBasell Industries from $80.00 to $72.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 1st. Wells Fargo & Company cut their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Friday, April 4th. UBS Group reaffirmed a "sell" rating and set a $51.00 target price (down previously from $76.00) on shares of LyondellBasell Industries in a report on Monday, April 7th. Morgan Stanley lowered their price objective on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Finally, Piper Sandler dropped their target price on shares of LyondellBasell Industries from $84.00 to $67.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Two investment 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 stock has a consensus rating of "Hold" and an average target price of $76.50.

Insider Activity at LyondellBasell Industries

In other LyondellBasell Industries news, Director Michael Sean Hanley acquired 3,750 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the transaction, the director now owns 16,028 shares in the company, valued at $1,154,817.40. This represents a 30.54 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is owned by company insiders.

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.