Generali Asset Management SPA SGR Makes New $792,000 Investment in LyondellBasell Industries (NYSE:LYB)

Generali Asset Management SPA SGR purchased a new position in shares of LyondellBasell Industries (NYSE:LYB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,664 shares of the specialty chemicals company's stock, valued at approximately $792,000.

A number of other hedge funds also recently made changes to their positions in LYB. Webster Bank N. A. lifted its position 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 buying an additional 143 shares in the last quarter. Rosenberg Matthew Hamilton lifted its holdings 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 valued at $30,000 after acquiring an additional 295 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in LyondellBasell Industries during the 4th quarter worth $37,000. Pinnacle Bancorp Inc. acquired a new stake in LyondellBasell Industries in the 4th quarter valued at $59,000. Finally, Brooklyn Investment Group acquired a new stake in LyondellBasell Industries in the 3rd quarter valued at $60,000. 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 LyondellBasell Industries stock in a transaction that occurred 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.11% of the stock is currently owned by insiders.

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Wall Street Analyst Weigh In

A number of research firms have recently issued reports on LYB. Mizuho lowered their target price on LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating for the company in a research note on Monday, December 9th. StockNews.com downgraded shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Wells Fargo & Company reduced their target price on shares of LyondellBasell Industries from $95.00 to $90.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. Barclays lowered their price target on shares of LyondellBasell Industries from $90.00 to $80.00 and set an "equal weight" rating for the company in a report on Monday, February 3rd. Finally, Morgan Stanley cut their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, LyondellBasell Industries presently has a consensus rating of "Hold" and an average target price of $88.25.

LyondellBasell Industries Stock Performance

Shares of LYB traded down $2.04 during mid-day trading on Tuesday, hitting $69.92. The stock had a trading volume of 3,030,056 shares, compared to its average volume of 2,096,286. 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 company has a market cap of $22.62 billion, a PE ratio of 16.89, a PEG ratio of 0.97 and a beta of 1.06. LyondellBasell Industries has a fifty-two week low of $70.75 and a fifty-two week high of $107.02. The company's fifty day simple moving average is $76.05 and its two-hundred day simple moving average is $81.77.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.53). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. During the same quarter in the prior year, the business posted $1.26 EPS. On average, equities analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a $1.34 dividend. The ex-dividend date was Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a yield of 7.67%. 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.