Dodge & Cox Purchases 851,365 Shares of LyondellBasell Industries (NYSE:LYB)

Dodge & Cox lifted its position in LyondellBasell Industries (NYSE:LYB - Free Report) by 5.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,965,832 shares of the specialty chemicals company's stock after acquiring an additional 851,365 shares during the period. Dodge & Cox owned approximately 5.22% of LyondellBasell Industries worth $1,260,052,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Jump Financial LLC lifted its holdings in LyondellBasell Industries by 69.0% during the fourth quarter. Jump Financial LLC now owns 9,540 shares of the specialty chemicals company's stock worth $709,000 after acquiring an additional 3,894 shares in the last quarter. Bridgewater Associates LP grew its position in shares of LyondellBasell Industries by 90.5% in the 4th quarter. Bridgewater Associates LP now owns 49,501 shares of the specialty chemicals company's stock valued at $3,676,000 after purchasing an additional 23,521 shares during the period. Guggenheim Capital LLC increased its stake in LyondellBasell Industries by 5.7% during the 4th quarter. Guggenheim Capital LLC now owns 121,085 shares of the specialty chemicals company's stock worth $8,993,000 after purchasing an additional 6,493 shares in the last quarter. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in LyondellBasell Industries during the 4th quarter worth approximately $1,376,000. Finally, XTX Topco Ltd bought a new position in LyondellBasell Industries in the fourth quarter valued at approximately $1,928,000. Institutional investors and hedge funds own 71.20% of the company's stock.

Insider Buying and Selling at LyondellBasell Industries

In related news, Director Michael Sean Hanley acquired 3,750 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were bought at an average cost of $72.05 per share, with a total value of $270,187.50. Following the completion of the transaction, the director now directly owns 16,028 shares of the company's stock, 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 filing with the SEC, which is accessible through the SEC website. Insiders own 0.11% of the company's stock.

Analysts Set New Price Targets

LYB has been the topic of a number of research analyst reports. JPMorgan Chase & Co. restated a "neutral" rating and set a $60.00 price objective (down from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. Citigroup cut their price target on LyondellBasell Industries from $75.00 to $66.00 and set a "neutral" rating on the stock in a report on Friday, April 4th. StockNews.com downgraded LyondellBasell Industries from a "buy" rating to a "hold" rating in a report on Wednesday, January 8th. Piper Sandler dropped their target price on LyondellBasell Industries from $84.00 to $67.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Finally, Royal Bank of Canada downgraded LyondellBasell Industries from an "outperform" rating to a "sector perform" rating and set a $62.00 price target for the company. in a research report on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $76.50.

LyondellBasell Industries Stock Performance

Shares of LYB traded up $0.81 during midday trading on Friday, reaching $56.75. The stock had a trading volume of 4,039,552 shares, compared to its average volume of 2,455,289. The firm has a market cap of $18.32 billion, a PE ratio of 13.71, a P/E/G ratio of 0.97 and a beta of 0.89. The firm has a 50 day simple moving average of $69.54 and a 200-day simple moving average of $77.23. LyondellBasell Industries has a one year low of $51.11 and a one year high of $107.02. 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 (NYSE:LYB - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 EPS 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 prior year, the firm posted $1.26 EPS. As a group, sell-side analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Announces Dividend

The firm 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 9.44%. 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.