Lbp Am Sa Has $18.52 Million Stock Holdings in LyondellBasell Industries (NYSE:LYB)

LBP AM SA lifted its stake in LyondellBasell Industries (NYSE:LYB - Free Report) by 34.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 249,331 shares of the specialty chemicals company's stock after buying an additional 64,381 shares during the period. LBP AM SA owned about 0.08% of LyondellBasell Industries worth $18,518,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Webster Bank N. A. grew its holdings in shares of LyondellBasell Industries by 70.4% during the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock worth $26,000 after purchasing an additional 143 shares in the last quarter. Rosenberg Matthew Hamilton increased its holdings in LyondellBasell Industries by 268.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company's stock valued at $30,000 after buying an additional 295 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of LyondellBasell Industries in the 3rd quarter valued at $31,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of LyondellBasell Industries during the 4th quarter worth about $37,000. Finally, Pinnacle Bancorp Inc. bought a new position in shares of LyondellBasell Industries during the 4th quarter worth about $59,000. 71.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at LyondellBasell Industries

In related news, Director Michael Sean Hanley bought 3,750 shares of LyondellBasell Industries stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average price of $72.05 per share, with a total value of $270,187.50. Following the acquisition, 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.11% of the stock is owned by insiders.

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Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Wells Fargo & Company dropped their price target on shares of LyondellBasell Industries from $95.00 to $90.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Barclays reduced 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. UBS Group dropped 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. Morgan Stanley reduced their price target on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Finally, StockNews.com lowered shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $88.25.

LyondellBasell Industries Trading Down 0.2 %

NYSE:LYB traded down $0.12 during trading hours on Tuesday, hitting $75.03. 1,929,762 shares of the stock were exchanged, compared to its average volume of 2,046,698. The company's 50 day moving average is $76.11 and its two-hundred day moving average is $82.60. The company has a market capitalization of $24.27 billion, a P/E ratio of 18.12, a price-to-earnings-growth 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 quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share 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 last year, the company earned $1.26 earnings per share. On average, sell-side analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

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

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.