Robin W.T. Buchanan Acquires 5,000 Shares of LyondellBasell Industries (NYSE:LYB) Stock

LyondellBasell Industries (NYSE:LYB - Get Free Report) Director Robin W.T. Buchanan acquired 5,000 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The stock was 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 approximately $1,382,390.50. This represents a 37.95 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

LyondellBasell Industries Stock Performance

Shares of LyondellBasell Industries stock traded down $0.99 during trading on Monday, reaching $74.68. The company's stock had a trading volume of 3,094,171 shares, compared to its average volume of 1,977,967. The firm has a market cap of $24.25 billion, a price-to-earnings ratio of 11.37, a price-to-earnings-growth ratio of 2.16 and a beta of 1.05. LyondellBasell Industries has a one year low of $74.60 and a one year high of $107.02. The business's fifty day moving average price is $84.91 and its 200-day moving average price is $91.97. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.10). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The company had revenue of $10.33 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same period in the prior year, the firm earned $2.46 EPS. LyondellBasell Industries's quarterly revenue was down 2.8% compared to the same quarter last year. As a group, equities research analysts predict that LyondellBasell Industries will post 7.02 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were given a $1.34 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 annualized dividend and a dividend yield of 7.18%. LyondellBasell Industries's dividend payout ratio is currently 81.58%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on LYB shares. Mizuho lowered their price target on LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating on the stock in a research report on Monday, December 9th. The Goldman Sachs Group lowered their price objective on shares of LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating on the stock in a research note on Thursday. Barclays dropped their target price on shares of LyondellBasell Industries from $99.00 to $95.00 and set an "equal weight" rating on the stock in a report on Monday, November 4th. JPMorgan Chase & Co. reduced their target price on shares of LyondellBasell Industries from $100.00 to $90.00 and set an "overweight" rating for the company in a report on Friday, December 6th. Finally, Wells Fargo & Company dropped their price target on LyondellBasell Industries from $105.00 to $95.00 and set an "overweight" rating on the stock in a report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $97.36.

Institutional Investors Weigh In On LyondellBasell Industries

Large investors have recently made changes to their positions in the stock. CVA Family Office LLC boosted its stake in shares of LyondellBasell Industries by 155.9% during the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company's stock worth $25,000 after buying an additional 159 shares during the last quarter. Matrix Trust Co acquired a new stake in shares of LyondellBasell Industries during the third quarter valued at about $30,000. Blue Trust Inc. raised its stake in shares of LyondellBasell Industries by 311.0% during the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company's stock valued at $31,000 after acquiring an additional 227 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in LyondellBasell Industries in the third quarter valued at approximately $31,000. Finally, Independence Bank of Kentucky lifted its stake in shares of LyondellBasell Industries by 125.6% in the 2nd quarter. Independence Bank of Kentucky now owns 388 shares of the specialty chemicals company's stock valued at $37,000 after purchasing an additional 216 shares during the period. Institutional investors own 71.20% 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.