Lingohr Asset Management GmbH Makes New Investment in LyondellBasell Industries (NYSE:LYB)

Lingohr Asset Management GmbH bought a new position in shares of LyondellBasell Industries (NYSE:LYB - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 7,408 shares of the specialty chemicals company's stock, valued at approximately $542,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Webster Bank N. A. lifted its position in shares of LyondellBasell Industries by 70.4% during the fourth 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. Cairn Investment Group Inc. increased its stake in LyondellBasell Industries by 0.4% during the 4th quarter. Cairn Investment Group Inc. now owns 42,147 shares of the specialty chemicals company's stock worth $3,130,000 after buying an additional 155 shares during the period. Raymond James Trust N.A. lifted its holdings in LyondellBasell Industries by 1.0% during the 3rd quarter. Raymond James Trust N.A. now owns 17,483 shares of the specialty chemicals company's stock worth $1,677,000 after buying an additional 173 shares in the last quarter. Alliance Wealth Advisors LLC UT boosted its position in LyondellBasell Industries by 5.2% in the 4th 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 period. Finally, Y.D. More Investments Ltd grew its stake in shares of LyondellBasell Industries by 14.9% in the fourth quarter. Y.D. More Investments Ltd now owns 1,497 shares of the specialty chemicals company's stock worth $111,000 after acquiring an additional 194 shares in the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity

In other LyondellBasell Industries news, Director Michael Sean Hanley purchased 3,750 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.11% of the company's stock.

LyondellBasell Industries Stock Performance

LYB traded up $0.33 on Monday, reaching $71.88. The company had a trading volume of 3,430,996 shares, compared to its average volume of 2,096,538. 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 has a 1 year low of $70.75 and a 1 year high of $107.02. The stock has a market capitalization of $23.25 billion, a PE ratio of 17.36, a P/E/G ratio of 0.97 and a beta of 1.06. The stock has a 50-day moving average price of $76.05 and a 200-day moving average price of $81.77.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its earnings results 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 net margin of 3.39% and a return on equity of 15.97%. During the same period in the previous year, the company earned $1.26 earnings per share. As a group, research analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.46%. LyondellBasell Industries's dividend payout ratio (DPR) is presently 129.47%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. StockNews.com cut LyondellBasell Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. UBS Group reduced their price target on LyondellBasell Industries from $77.00 to $76.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. Barclays lowered their price objective on LyondellBasell Industries from $90.00 to $80.00 and set an "equal weight" rating for the company in a research report on Monday, February 3rd. The Goldman Sachs Group reduced their target price on shares of LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating on the stock in a report on Thursday, December 12th. Finally, Mizuho lowered their price target on shares of LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating for the company in a report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target 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.