Capital World Investors Grows Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Capital World Investors lifted its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 11.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,891,609 shares of the specialty chemicals company's stock after acquiring an additional 287,028 shares during the quarter. Capital World Investors owned 0.89% of LyondellBasell Industries worth $214,760,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Webster Bank N. A. grew its holdings in LyondellBasell Industries by 70.4% during 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 period. Rosenberg Matthew Hamilton grew its stake 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. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in LyondellBasell Industries in the 4th quarter worth about $37,000. Covestor Ltd raised its stake in LyondellBasell Industries by 107.6% in the 4th quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company's stock valued at $41,000 after acquiring an additional 284 shares during the period. Finally, Pinnacle Bancorp Inc. purchased a new stake in LyondellBasell Industries during the fourth quarter valued at about $59,000. 71.20% of the stock is currently owned by institutional investors.

Insider Activity at LyondellBasell Industries

In other LyondellBasell Industries news, Director Michael Sean Hanley bought 3,750 shares of the business's stock in a transaction 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 purchase, the director now owns 16,028 shares in the company, valued at approximately $1,154,817.40. This trade represents a 30.54 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Barclays reduced their price objective on shares of LyondellBasell Industries from $80.00 to $72.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 1st. Wells Fargo & Company reduced their price target on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. UBS Group reissued a "sell" rating and set a $51.00 price objective (down previously from $76.00) on shares of LyondellBasell Industries in a report on Monday, April 7th. 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 report on Tuesday, February 4th. Finally, Citigroup cut their price objective on shares of LyondellBasell Industries from $75.00 to $66.00 and set a "neutral" rating for the company in a research report on Friday, April 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 company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $76.50.

LyondellBasell Industries Stock Up 0.5 %

Shares of NYSE LYB traded up $0.31 on Friday, reaching $59.56. 4,637,508 shares of the company's stock traded hands, compared to its average volume of 2,502,868. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. The business's 50 day simple moving average is $67.69 and its two-hundred day simple moving average is $75.95. LyondellBasell Industries has a 12 month low of $51.11 and a 12 month high of $107.02. The company has a market cap of $19.23 billion, a price-to-earnings ratio of 14.39, a price-to-earnings-growth ratio of 0.97 and a beta of 0.89.

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

LyondellBasell Industries Announces Dividend

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

LyondellBasell Industries 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.