Guggenheim Capital LLC Acquires 6,493 Shares of LyondellBasell Industries (NYSE:LYB)

Guggenheim Capital LLC lifted its stake in LyondellBasell Industries (NYSE:LYB - Free Report) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 121,085 shares of the specialty chemicals company's stock after purchasing an additional 6,493 shares during the period. Guggenheim Capital LLC's holdings in LyondellBasell Industries were worth $8,993,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC increased its position in shares of LyondellBasell Industries by 7.3% in the third quarter. Barclays PLC now owns 948,211 shares of the specialty chemicals company's stock valued at $90,933,000 after buying an additional 64,359 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of LyondellBasell Industries in the third quarter valued at about $2,733,000. Arvest Bank Trust Division purchased a new position in shares of LyondellBasell Industries during the 3rd quarter worth approximately $1,896,000. Wilmington Savings Fund Society FSB purchased a new stake in LyondellBasell Industries in the 3rd quarter valued at approximately $658,000. Finally, Optimist Retirement Group LLC grew its holdings in LyondellBasell Industries by 13.1% during the 3rd quarter. Optimist Retirement Group LLC now owns 21,609 shares of the specialty chemicals company's stock valued at $2,072,000 after buying an additional 2,498 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on LYB shares. Citigroup dropped their price objective on LyondellBasell Industries from $75.00 to $66.00 and set a "neutral" rating for the company in a research report on Friday, April 4th. Piper Sandler reduced their price target on LyondellBasell Industries from $84.00 to $67.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $60.00 target price (down from $80.00) on shares of LyondellBasell Industries in a research note on Friday, April 4th. Morgan Stanley dropped their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada lowered shares of LyondellBasell Industries from an "outperform" rating to a "sector perform" rating and set a $62.00 price target for the company. in a research report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, LyondellBasell Industries presently has a consensus rating of "Hold" and a consensus price target of $76.50.

Insider Buying and Selling

In other news, Director Michael Sean Hanley acquired 3,750 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were bought at an average price of $72.05 per share, with a total value of $270,187.50. Following the purchase, 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.11% of the company's stock.

LyondellBasell Industries Stock Up 2.3 %

NYSE LYB traded up $1.31 on Tuesday, hitting $57.61. 559,030 shares of the stock traded hands, compared to its average volume of 2,455,922. The company has a market capitalization of $18.60 billion, a P/E ratio of 13.92, a price-to-earnings-growth ratio of 0.97 and a beta of 0.89. The stock has a 50-day moving average of $69.15 and a 200 day moving average of $76.69. 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 has a twelve month low of $51.11 and a twelve month high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (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 quarter in the prior year, the firm posted $1.26 earnings per share. As a group, analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.36 annualized dividend and a dividend yield of 9.30%. LyondellBasell Industries's dividend payout ratio is presently 129.47%.

About LyondellBasell Industries

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.