Bank of Montreal Can Purchases 34,587 Shares of LyondellBasell Industries (NYSE:LYB)

Bank of Montreal Can lifted its stake in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 543,412 shares of the specialty chemicals company's stock after purchasing an additional 34,587 shares during the period. Bank of Montreal Can owned about 0.17% of LyondellBasell Industries worth $40,359,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in LYB. JPMorgan Chase & Co. increased its position in shares of LyondellBasell Industries by 3.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company's stock worth $501,501,000 after purchasing an additional 187,150 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in LyondellBasell Industries by 202.4% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 12,986 shares of the specialty chemicals company's stock valued at $964,000 after acquiring an additional 8,691 shares in the last quarter. Sound Income Strategies LLC increased its holdings in LyondellBasell Industries by 8.1% in the fourth quarter. Sound Income Strategies LLC now owns 271,626 shares of the specialty chemicals company's stock valued at $20,174,000 after buying an additional 20,310 shares during the last quarter. Merrion Investment Management Co LLC acquired a new position in shares of LyondellBasell Industries during the 4th quarter worth about $503,000. Finally, Hennion & Walsh Asset Management Inc. increased its stake in LyondellBasell Industries by 26.4% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 18,973 shares of the specialty chemicals company's stock valued at $1,409,000 after purchasing an additional 3,958 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LYB has been the subject of several research reports. StockNews.com downgraded LyondellBasell Industries from a "buy" rating to a "hold" rating in a report on Wednesday, January 8th. Citigroup dropped their target price on LyondellBasell Industries from $75.00 to $66.00 and set a "neutral" rating on the stock in a research report on Friday, April 4th. Wells Fargo & Company reduced their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Friday, April 4th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $60.00 target price (down from $80.00) on shares of LyondellBasell Industries in a research report on Friday, April 4th. Finally, Barclays lowered their price objective on shares of LyondellBasell Industries from $80.00 to $72.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 1st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $76.50.

LyondellBasell Industries Stock Performance

Shares of NYSE LYB traded up $0.45 during trading hours on Wednesday, hitting $57.15. 1,194,966 shares of the company's stock were exchanged, compared to its average volume of 3,383,004. The stock has a market capitalization of $18.49 billion, a price-to-earnings ratio of 13.81, a PEG ratio of 0.97 and a beta of 0.89. The company's 50-day moving average price is $70.73 and its 200-day moving average price is $77.92. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. LyondellBasell Industries has a 1-year low of $51.11 and a 1-year high of $107.02.

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

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 9.38%. The ex-dividend date was Monday, March 10th. LyondellBasell Industries's dividend payout ratio (DPR) is presently 129.47%.

Insider Buying and Selling

In other LyondellBasell Industries news, Director Michael Sean Hanley bought 3,750 shares of the stock in a transaction on Wednesday, March 12th. The stock was purchased 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. The trade was a 30.54 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

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.