Michael Sean Hanley Buys 3,750 Shares of LyondellBasell Industries (NYSE:LYB) Stock

LyondellBasell Industries (NYSE:LYB - Get Free Report) Director Michael Sean Hanley acquired 3,750 shares of the stock in a transaction dated 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 purchase, the director now directly owns 16,028 shares in the company, valued at approximately $1,154,817.40. This trade represents a 30.54 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink.

LyondellBasell Industries Trading Up 1.6 %

NYSE LYB traded up $1.17 on Monday, hitting $75.32. 927,539 shares of the stock were exchanged, compared to its average volume of 2,661,351. 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 fifty day moving average price of $76.08 and a two-hundred day moving average price of $82.76. The firm has a market capitalization of $24.36 billion, a P/E ratio of 18.19, a P/E/G ratio of 0.97 and a beta of 1.06. LyondellBasell Industries has a 52-week low of $71.81 and a 52-week 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 net margin of 3.39% and a return on equity of 15.97%. During the same quarter in the previous year, the business earned $1.26 EPS. Research analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

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LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.12%. The ex-dividend date is Monday, March 10th. LyondellBasell Industries's dividend payout ratio is currently 129.47%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on LYB shares. Barclays decreased their target price on shares of LyondellBasell Industries from $90.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Monday, February 3rd. Mizuho decreased their target price on shares of LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating on the stock in a research note on Monday, December 9th. UBS Group decreased their target price on shares of LyondellBasell Industries from $77.00 to $76.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. JPMorgan Chase & Co. decreased their target price on shares of LyondellBasell Industries from $90.00 to $80.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. Finally, The Goldman Sachs Group reduced their price objective on shares of LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating on the stock in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, LyondellBasell Industries presently has an average rating of "Hold" and an average price target of $88.25.

Institutional Trading of LyondellBasell Industries

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vident Advisory LLC raised its holdings in shares of LyondellBasell Industries by 0.8% in the fourth quarter. Vident Advisory LLC now owns 16,123 shares of the specialty chemicals company's stock valued at $1,197,000 after acquiring an additional 131 shares in the last quarter. Webster Bank N. A. raised its holdings in shares of LyondellBasell Industries by 70.4% in the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock valued at $26,000 after acquiring an additional 143 shares in the last quarter. Cairn Investment Group Inc. raised its holdings in shares of LyondellBasell Industries by 0.4% in 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 acquiring an additional 155 shares in the last quarter. Raymond James Trust N.A. raised its holdings in LyondellBasell Industries by 1.0% in the third quarter. Raymond James Trust N.A. now owns 17,483 shares of the specialty chemicals company's stock worth $1,677,000 after purchasing an additional 173 shares in the last quarter. Finally, Alliance Wealth Advisors LLC UT lifted its position in shares of 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 buying an additional 177 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors.

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.