LyondellBasell Industries (NYSE:LYB) Stock Position Increased by Golden State Equity Partners

Golden State Equity Partners raised its holdings in LyondellBasell Industries (NYSE:LYB - Free Report) by 1,912.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,046 shares of the specialty chemicals company's stock after purchasing an additional 3,845 shares during the period. Golden State Equity Partners' holdings in LyondellBasell Industries were worth $300,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of LYB. CVA Family Office LLC boosted its stake in shares of LyondellBasell Industries by 155.9% during the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company's stock valued at $25,000 after buying an additional 159 shares during the last quarter. Webster Bank N. A. increased its stake in LyondellBasell Industries by 70.4% during the 4th 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 during the period. Matrix Trust Co acquired a new stake in LyondellBasell Industries in the 3rd quarter valued at about $30,000. Rosenberg Matthew Hamilton raised its holdings in shares of LyondellBasell Industries by 268.2% during the fourth 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 during the period. Finally, Ashton Thomas Securities LLC acquired a new position in LyondellBasell Industries in the 3rd quarter valued at approximately $31,000. Hedge funds and other institutional investors own 71.20% of the company's stock.

LyondellBasell Industries Stock Performance

Shares of NYSE LYB traded down $0.53 during mid-day trading on Wednesday, hitting $77.71. The company had a trading volume of 697,140 shares, compared to its average volume of 2,806,947. The stock's 50-day moving average price is $76.23 and its 200-day moving average price is $86.83. The company has a market capitalization of $25.24 billion, a price-to-earnings ratio of 18.79, a P/E/G ratio of 5.11 and a beta of 1.05. LyondellBasell Industries has a 1 year low of $72.21 and a 1 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 announced 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 previous year, the business posted $1.26 earnings per share. On average, sell-side analysts forecast that LyondellBasell Industries will post 7.4 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were issued a dividend of $1.34 per share. The ex-dividend date was Monday, December 2nd. This represents a $5.36 annualized dividend and a dividend yield of 6.90%. LyondellBasell Industries's dividend payout ratio (DPR) is 129.47%.

Insider Activity at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan purchased 5,000 shares of the stock in a transaction on Friday, December 13th. The shares were bought at an average cost of $76.06 per share, with a total value of $380,300.00. Following the completion of the acquisition, the director now owns 18,175 shares in the company, valued at $1,382,390.50. This trade represents a 37.95 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.11% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on LYB shares. Piper Sandler restated a "neutral" rating and issued a $95.00 price objective (down previously from $112.00) on shares of LyondellBasell Industries in a research note on Tuesday, January 7th. Wells Fargo & Company reduced their price target 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. Morgan Stanley reduced their price target on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday. Royal Bank of Canada increased their price target on LyondellBasell Industries from $82.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday. Finally, Barclays reduced their price objective on shares of LyondellBasell Industries from $90.00 to $80.00 and set an "equal weight" rating for the company in a research note on Monday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $89.17.

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.