Cerity Partners LLC Acquires 20,962 Shares of LyondellBasell Industries (NYSE:LYB)

Cerity Partners LLC boosted its holdings in LyondellBasell Industries (NYSE:LYB - Free Report) by 17.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 141,395 shares of the specialty chemicals company's stock after purchasing an additional 20,962 shares during the quarter. Cerity Partners LLC's holdings in LyondellBasell Industries were worth $10,767,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in LYB. Webster Bank N. A. increased its holdings 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 valued at $26,000 after acquiring an additional 143 shares in the last quarter. Rosenberg Matthew Hamilton boosted its stake in LyondellBasell Industries by 268.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company's stock valued at $30,000 after purchasing an additional 295 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of LyondellBasell Industries in the 4th quarter worth $37,000. Pinnacle Bancorp Inc. bought a new position in shares of LyondellBasell Industries during the fourth quarter valued at $59,000. Finally, Crews Bank & Trust purchased a new stake in shares of LyondellBasell Industries during the fourth quarter valued at $85,000. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Price Performance

NYSE LYB traded down $0.79 during trading on Tuesday, hitting $56.66. 2,658,236 shares of the stock traded hands, compared to its average volume of 2,423,756. The firm has a 50-day simple moving average of $71.15 and a 200-day simple moving average of $78.07. LyondellBasell Industries has a 12-month low of $51.11 and a 12-month high of $107.02. The company has a market capitalization of $18.33 billion, a P/E ratio of 13.69, a price-to-earnings-growth ratio of 0.97 and a beta of 0.89. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84.

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LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 EPS 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 in the prior year, the company posted $1.26 earnings per share. As a group, analysts predict that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 9.46%. The ex-dividend date was Monday, March 10th. LyondellBasell Industries's dividend payout ratio (DPR) is 129.47%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on LYB shares. StockNews.com downgraded shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Morgan Stanley dropped their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $60.00 price target (down from $80.00) on shares of LyondellBasell Industries in a research report on Friday, April 4th. Piper Sandler reduced their price objective on LyondellBasell Industries from $84.00 to $67.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Finally, Royal Bank of Canada lowered LyondellBasell Industries from an "outperform" rating to a "sector perform" rating and set a $62.00 price target for the company. in a report on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $76.50.

Insider Activity

In related news, Director Michael Sean Hanley purchased 3,750 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the completion of the acquisition, the director now owns 16,028 shares in the company, valued at approximately $1,154,817.40. This trade represents a 30.54 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.11% 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.