Intact Investment Management Inc. Acquires 59,250 Shares of LyondellBasell Industries (NYSE:LYB)

Intact Investment Management Inc. lifted its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 92.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 123,300 shares of the specialty chemicals company's stock after acquiring an additional 59,250 shares during the quarter. Intact Investment Management Inc.'s holdings in LyondellBasell Industries were worth $9,157,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Webster Bank N. A. increased 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 purchasing an additional 143 shares during the last quarter. Rosenberg Matthew Hamilton boosted its holdings in shares of LyondellBasell Industries by 268.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company's stock worth $30,000 after buying an additional 295 shares during the period. Ashton Thomas Securities LLC acquired a new position in LyondellBasell Industries in the 3rd quarter valued at about $31,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in LyondellBasell Industries in the 4th quarter valued at about $37,000. Finally, Pinnacle Bancorp Inc. bought a new position in LyondellBasell Industries in the 4th quarter valued at about $59,000. 71.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

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LyondellBasell Industries Price Performance

LYB traded down $0.12 during trading on Tuesday, hitting $75.03. 1,929,762 shares of the stock traded hands, compared to its average volume of 2,046,698. The business has a 50 day moving average price of $76.11 and a 200 day moving average price of $82.60. The company has a market cap of $24.27 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 0.97 and a beta of 1.06. LyondellBasell Industries has a twelve month low of $71.81 and a twelve month high of $107.02. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings data 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 period in the prior year, the company earned $1.26 EPS. Equities research analysts forecast that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 7.14%. The ex-dividend date was Monday, March 10th. LyondellBasell Industries's dividend payout ratio (DPR) is presently 129.47%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada increased their target price on LyondellBasell Industries from $82.00 to $90.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 4th. The Goldman Sachs Group lowered their price objective on LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating on the stock in a research report on Thursday, December 12th. Mizuho reduced their target price on shares of LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating for the company in a research report on Monday, December 9th. UBS Group decreased their price target 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. Finally, Wells Fargo & Company dropped their price objective on shares of LyondellBasell Industries from $95.00 to $90.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $88.25.

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.