Keynote Financial Services LLC Increases Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Keynote Financial Services LLC grew its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 94.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,441 shares of the specialty chemicals company's stock after acquiring an additional 5,556 shares during the period. Keynote Financial Services LLC's holdings in LyondellBasell Industries were worth $850,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Jacobs Levy Equity Management Inc. increased its stake in shares of LyondellBasell Industries by 211.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,283,163 shares of the specialty chemicals company's stock valued at $123,055,000 after acquiring an additional 871,708 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in LyondellBasell Industries by 4.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,023,982 shares of the specialty chemicals company's stock worth $769,500,000 after purchasing an additional 362,671 shares during the period. Franklin Resources Inc. increased its stake in LyondellBasell Industries by 11.4% in the third quarter. Franklin Resources Inc. now owns 2,875,267 shares of the specialty chemicals company's stock valued at $268,664,000 after purchasing an additional 293,622 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of LyondellBasell Industries by 4.4% during the third quarter. Geode Capital Management LLC now owns 6,605,151 shares of the specialty chemicals company's stock valued at $638,964,000 after purchasing an additional 277,108 shares during the period. Finally, Allianz Asset Management GmbH boosted its position in shares of LyondellBasell Industries by 40.0% during the 4th quarter. Allianz Asset Management GmbH now owns 947,614 shares of the specialty chemicals company's stock worth $70,379,000 after purchasing an additional 270,694 shares in the last quarter. 71.20% of the stock is owned by institutional investors.

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Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan acquired 5,000 shares of the company's stock in a transaction on Friday, December 13th. The shares were acquired at an average cost of $76.06 per share, with a total value of $380,300.00. Following the completion of the acquisition, the director now directly owns 18,175 shares in the company, valued at $1,382,390.50. This trade represents a 37.95 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.11% of the stock is owned by corporate insiders.

LyondellBasell Industries Stock Performance

Shares of LyondellBasell Industries stock traded up $2.77 during trading hours on Wednesday, hitting $76.24. 3,067,552 shares of the company's stock traded hands, compared to its average volume of 2,059,854. The stock has a market capitalization of $24.76 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 0.97 and a beta of 1.05. LyondellBasell Industries has a 12-month low of $72.21 and a 12-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. The company has a fifty day simple moving average of $75.90 and a 200-day simple moving average of $84.02.

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

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be issued a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 7.03%. The ex-dividend date of this dividend is Monday, March 10th. LyondellBasell Industries's dividend payout ratio (DPR) is 129.47%.

Wall Street Analyst Weigh In

LYB has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their price objective on LyondellBasell Industries from $90.00 to $80.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. StockNews.com downgraded shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a report on Wednesday, January 8th. Wells Fargo & Company reduced their price objective on shares of LyondellBasell Industries from $95.00 to $90.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. UBS Group decreased their target price on shares of LyondellBasell Industries from $77.00 to $76.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group dropped their price target 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 research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $88.25.

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.