Grantham Mayo Van Otterloo & Co. LLC Increases Position in LyondellBasell Industries (NYSE:LYB)

Grantham Mayo Van Otterloo & Co. LLC increased its holdings in LyondellBasell Industries (NYSE:LYB - Free Report) by 71.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 224,643 shares of the specialty chemicals company's stock after buying an additional 93,364 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned 0.07% of LyondellBasell Industries worth $16,684,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Webster Bank N. A. boosted its stake in shares of LyondellBasell Industries by 70.4% during the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock worth $26,000 after acquiring an additional 143 shares during the last quarter. Cairn Investment Group Inc. lifted its position in LyondellBasell Industries by 0.4% during the fourth quarter. Cairn Investment Group Inc. now owns 42,147 shares of the specialty chemicals company's stock valued at $3,130,000 after purchasing an additional 155 shares in the last quarter. Alliance Wealth Advisors LLC UT grew its holdings in LyondellBasell Industries by 5.2% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 3,608 shares of the specialty chemicals company's stock valued at $268,000 after purchasing an additional 177 shares during the period. Y.D. More Investments Ltd grew its holdings in LyondellBasell Industries by 14.9% during the fourth quarter. Y.D. More Investments Ltd now owns 1,497 shares of the specialty chemicals company's stock valued at $111,000 after purchasing an additional 194 shares during the period. Finally, Caprock Group LLC increased its position in LyondellBasell Industries by 5.8% in the fourth quarter. Caprock Group LLC now owns 4,008 shares of the specialty chemicals company's stock worth $298,000 after buying an additional 220 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors.

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Insider Activity at LyondellBasell Industries

In related news, Director Michael Sean Hanley purchased 3,750 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average price of $72.05 per share, for a total transaction of $270,187.50. Following the acquisition, the director now owns 16,028 shares of the company's stock, valued at approximately $1,154,817.40. This represents a 30.54 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.11% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Piper Sandler cut their price objective on LyondellBasell Industries from $84.00 to $67.00 and set a "neutral" rating for the company in a research note on Monday. Royal Bank of Canada cut shares of LyondellBasell Industries from an "outperform" rating to a "sector perform" rating and set a $62.00 price objective for the company. in a research note on Wednesday. Wells Fargo & Company decreased their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Friday, April 4th. 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. Finally, UBS Group reissued a "sell" rating and set a $51.00 price target (down from $76.00) on shares of LyondellBasell Industries in a report 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $76.50.

LyondellBasell Industries Price Performance

NYSE:LYB traded up $0.95 during trading hours on Friday, reaching $55.29. The stock had a trading volume of 2,158,623 shares, compared to its average volume of 2,390,990. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. The stock has a market capitalization of $17.88 billion, a PE ratio of 13.33, a PEG 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 company has a 50 day moving average price of $71.97 and a two-hundred day moving average price of $78.72.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced 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 return on equity of 15.97% and a net margin of 3.39%. During the same quarter in the prior year, the firm posted $1.26 earnings per share. As a group, sell-side analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 9.70%. The ex-dividend date of this dividend was Monday, March 10th. LyondellBasell Industries's dividend payout ratio is 129.47%.

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.