LyondellBasell Industries (NYSE:LYB) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in LyondellBasell Industries (NYSE:LYB - Free Report) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,804,205 shares of the specialty chemicals company's stock after purchasing an additional 199,054 shares during the quarter. Geode Capital Management LLC owned 2.10% of LyondellBasell Industries worth $512,913,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Public Sector Pension Investment Board boosted its stake in shares of LyondellBasell Industries by 19.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 11,279 shares of the specialty chemicals company's stock worth $1,082,000 after buying an additional 1,800 shares during the last quarter. Hilltop Holdings Inc. lifted its holdings in LyondellBasell Industries by 58.6% in the third quarter. Hilltop Holdings Inc. now owns 7,282 shares of the specialty chemicals company's stock valued at $698,000 after acquiring an additional 2,692 shares during the period. Investment Management Corp of Ontario boosted its position in LyondellBasell Industries by 20.8% in the third quarter. Investment Management Corp of Ontario now owns 16,249 shares of the specialty chemicals company's stock worth $1,558,000 after purchasing an additional 2,800 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of LyondellBasell Industries by 10.6% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 7,460 shares of the specialty chemicals company's stock valued at $715,000 after purchasing an additional 717 shares during the period. Finally, IHT Wealth Management LLC increased its position in shares of LyondellBasell Industries by 27.8% during the 3rd quarter. IHT Wealth Management LLC now owns 4,530 shares of the specialty chemicals company's stock valued at $434,000 after purchasing an additional 985 shares during the last quarter. Institutional investors own 71.20% of the company's stock.

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Analyst Ratings Changes

Several brokerages have weighed in on LYB. Morgan Stanley lowered their price target 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. The Goldman Sachs Group lowered their target price on shares of LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating on the stock in a research note on Thursday, December 12th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $60.00 target price (down previously from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. Citigroup decreased 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. Finally, UBS Group reaffirmed a "sell" rating and issued a $51.00 price objective (down previously from $76.00) on shares of LyondellBasell Industries in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $76.50.

Insider Buying and Selling

In other news, Director Michael Sean Hanley acquired 3,750 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the completion of the acquisition, the director now directly owns 16,028 shares of the company's stock, valued at $1,154,817.40. The trade was a 30.54 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.11% of the stock is owned by corporate insiders.

LyondellBasell Industries Trading Up 12.5 %

LYB stock traded up $6.67 during midday trading on Wednesday, reaching $59.90. 11,312,798 shares of the company traded hands, compared to its average volume of 2,366,182. The firm has a market capitalization of $19.37 billion, a price-to-earnings ratio of 14.47, a P/E/G ratio of 0.97 and a beta of 0.89. LyondellBasell Industries has a 52-week low of $51.11 and a 52-week high of $107.02. The business has a 50 day moving average of $72.41 and a 200-day moving average of $79.02. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly 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 period in the previous year, the business posted $1.26 EPS. As a group, sell-side analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 8.95%. The ex-dividend date was Monday, March 10th. LyondellBasell Industries's dividend payout ratio (DPR) 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.