Evergreen Capital Management LLC Purchases 9,139 Shares of LyondellBasell Industries (NYSE:LYB)

Evergreen Capital Management LLC raised its stake in LyondellBasell Industries (NYSE:LYB - Free Report) by 174.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,388 shares of the specialty chemicals company's stock after acquiring an additional 9,139 shares during the period. Evergreen Capital Management LLC's holdings in LyondellBasell Industries were worth $1,069,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Webster Bank N. A. lifted 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 valued at $26,000 after purchasing an additional 143 shares in the last quarter. Rosenberg Matthew Hamilton boosted its holdings in LyondellBasell Industries by 268.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company's stock worth $30,000 after purchasing an additional 295 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of LyondellBasell Industries during the 4th quarter valued at $37,000. Covestor Ltd boosted its stake in shares of LyondellBasell Industries by 107.6% in the 4th quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company's stock worth $41,000 after buying an additional 284 shares during the last quarter. Finally, Pinnacle Bancorp Inc. bought a new stake in shares of LyondellBasell Industries in the fourth quarter worth $59,000. 71.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Michael Sean Hanley purchased 3,750 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average price of $72.05 per share, for a total transaction of $270,187.50. Following the completion of the purchase, the director now owns 16,028 shares in the company, valued at approximately $1,154,817.40. This represents a 30.54 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.11% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on LYB shares. UBS Group reissued a "sell" rating and issued a $51.00 price objective (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. Piper Sandler decreased their target price on shares of LyondellBasell Industries from $84.00 to $67.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Citigroup reduced 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 note on Friday, April 4th. Finally, Barclays lowered their target price on shares of LyondellBasell Industries from $80.00 to $72.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 1st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $76.50.

LyondellBasell Industries Trading Down 0.5 %

Shares of NYSE:LYB traded down $0.31 during trading on Wednesday, reaching $57.83. The company's stock had a trading volume of 1,381,104 shares, compared to its average volume of 2,465,667. The stock has a market capitalization of $18.67 billion, a PE ratio of 13.97, a price-to-earnings-growth ratio of 0.97 and a beta of 0.89. LyondellBasell Industries has a 12 month low of $51.11 and a 12 month 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. The firm's 50 day simple moving average is $68.79 and its two-hundred day simple moving average is $76.57.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its 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 previous year, the firm posted $1.26 earnings per share. On average, research analysts predict that LyondellBasell Industries will post 6.31 EPS for the current fiscal 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 dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 9.27%. The ex-dividend date was Monday, March 10th. LyondellBasell Industries's dividend payout ratio is currently 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.