Commonwealth Equity Services LLC Grows Position in LyondellBasell Industries (NYSE:LYB)

Commonwealth Equity Services LLC lifted its stake in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 37.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 145,579 shares of the specialty chemicals company's stock after buying an additional 39,712 shares during the quarter. Commonwealth Equity Services LLC's holdings in LyondellBasell Industries were worth $10,812,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of LYB. Webster Bank N. A. increased its holdings in shares of LyondellBasell Industries by 70.4% during the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock worth $26,000 after purchasing an additional 143 shares during the period. Rosenberg Matthew Hamilton increased 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 acquiring an additional 295 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new position in LyondellBasell Industries in the 4th quarter valued at $37,000. Brooklyn Investment Group bought a new stake in shares of LyondellBasell Industries during the 3rd quarter valued at $60,000. Finally, Pinnacle Bancorp Inc. acquired a new stake in shares of LyondellBasell Industries during the 4th quarter worth $59,000. Institutional investors own 71.20% of the company's stock.

LyondellBasell Industries Stock Performance

Shares of NYSE:LYB traded down $1.12 during midday trading on Friday, reaching $71.57. 12,985,497 shares of the company's stock traded hands, compared to its average volume of 2,087,732. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. The company has a market cap of $23.15 billion, a price-to-earnings ratio of 17.29, a P/E/G ratio of 0.97 and a beta of 1.06. The stock has a 50 day moving average of $76.12 and a 200 day moving average of $82.11. LyondellBasell Industries has a one year low of $70.75 and a one year high of $107.02.

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LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued 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 period in the prior year, the business posted $1.26 earnings per share. As a group, equities research analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a yield of 7.49%. LyondellBasell Industries's dividend payout ratio is presently 129.47%.

Insider Activity

In other news, Director Michael Sean Hanley purchased 3,750 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of $72.05 per share, for a total transaction of $270,187.50. Following the acquisition, the director now directly owns 16,028 shares of the company's stock, valued at $1,154,817.40. This represents a 30.54 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.11% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LYB. Royal Bank of Canada increased their price target on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. decreased their price target on LyondellBasell Industries from $90.00 to $80.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. UBS Group lowered their price target on LyondellBasell Industries from $77.00 to $76.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. Wells Fargo & Company reduced their price objective on LyondellBasell Industries from $95.00 to $90.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. Finally, Piper Sandler lowered their target price on LyondellBasell Industries from $95.00 to $84.00 and set a "neutral" rating for the company in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $88.25.

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.