Invesco Ltd. Purchases 694,055 Shares of LyondellBasell Industries (NYSE:LYB)

Invesco Ltd. grew its stake in LyondellBasell Industries (NYSE:LYB - Free Report) by 13.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,826,318 shares of the specialty chemicals company's stock after acquiring an additional 694,055 shares during the period. Invesco Ltd. owned 1.79% of LyondellBasell Industries worth $432,721,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LYB. Webster Bank N. A. lifted its position in LyondellBasell Industries by 70.4% during 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 during the last quarter. Rosenberg Matthew Hamilton boosted its holdings in LyondellBasell Industries by 268.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company's stock valued at $30,000 after purchasing an additional 295 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in LyondellBasell Industries during the fourth quarter worth about $37,000. Pinnacle Bancorp Inc. acquired a new position in shares of LyondellBasell Industries in the 4th quarter valued at $59,000. Finally, Crews Bank & Trust purchased a new stake in shares of LyondellBasell Industries in the fourth quarter valued at approximately $85,000. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Trading Up 0.0 %

Shares of NYSE:LYB traded up $0.02 during midday trading on Monday, hitting $56.91. The company had a trading volume of 1,023,471 shares, compared to its average volume of 2,409,382. The stock has a market cap of $18.41 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 0.97 and a beta of 0.89. The firm has a fifty day simple moving average of $71.54 and a 200 day simple moving average of $78.34. 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 12 month low of $51.11 and a 12 month high of $107.02.

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LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing the consensus estimate 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 period last year, the firm earned $1.26 EPS. On average, analysts predict that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued 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 9.42%. LyondellBasell Industries's dividend payout ratio (DPR) is presently 129.47%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LYB. JPMorgan Chase & Co. reissued a "neutral" rating and set a $60.00 price target (down previously from $80.00) on shares of LyondellBasell Industries in a research report on Friday, April 4th. StockNews.com lowered LyondellBasell Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Barclays dropped their price objective on LyondellBasell Industries from $80.00 to $72.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 1st. Wells Fargo & Company dropped 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 note on Friday, April 4th. Finally, Morgan Stanley cut their price objective on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $76.50.

Insider Activity

In other news, Director Michael Sean Hanley bought 3,750 shares of the company'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 transaction, the director now directly owns 16,028 shares in the company, valued at $1,154,817.40. This represents a 30.54 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.11% of the company's stock.

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.