Investors Research Corp Grows Position in LyondellBasell Industries (NYSE:LYB)

Investors Research Corp grew its holdings in LyondellBasell Industries (NYSE:LYB - Free Report) by 63.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 15,575 shares of the specialty chemicals company's stock after buying an additional 6,050 shares during the quarter. Investors Research Corp's holdings in LyondellBasell Industries were worth $1,157,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in shares of LyondellBasell Industries during the third quarter valued at $31,000. Webster Bank N. A. lifted its stake in LyondellBasell Industries by 70.4% during the 4th 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 during the period. Rosenberg Matthew Hamilton boosted its holdings in shares of 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 acquiring 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 fourth quarter worth approximately $37,000. Finally, Brooklyn Investment Group purchased a new position in shares of LyondellBasell Industries during the third quarter valued at approximately $60,000. Institutional investors own 71.20% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on LYB shares. Wells Fargo & Company lowered their price target on LyondellBasell Industries from $95.00 to $90.00 and set an "overweight" rating on the stock in a report 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. The Goldman Sachs Group decreased their price target 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, December 12th. Royal Bank of Canada increased their price target on LyondellBasell Industries from $82.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday, February 4th. Finally, Mizuho decreased their price objective on LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating on the stock in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, LyondellBasell Industries has a consensus rating of "Hold" and an average target price of $88.25.

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Insiders Place Their Bets

In other news, Director Robin W.T. Buchanan purchased 5,000 shares of the stock in a transaction on Friday, December 13th. The stock was bought at an average price of $76.06 per share, with a total value of $380,300.00. Following the transaction, the director now owns 18,175 shares in the company, valued at $1,382,390.50. The trade was a 37.95 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Sean Hanley acquired 3,750 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was 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 directly owns 16,028 shares of the company's stock, valued at approximately $1,154,817.40. This trade represents a 30.54 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.11% of the company's stock.

LyondellBasell Industries Stock Up 0.5 %

Shares of NYSE:LYB traded up $0.36 during trading on Thursday, reaching $72.55. The stock had a trading volume of 2,513,145 shares, compared to its average volume of 2,072,599. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $23.47 billion, a P/E ratio of 17.52, a PEG ratio of 0.97 and a beta of 1.06. The firm's 50-day simple moving average is $76.05 and its 200 day simple moving average is $83.20. LyondellBasell Industries has a one year low of $71.81 and a one year high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released 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 in the previous year, the business earned $1.26 earnings per share. As a group, research analysts expect that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 7.39%. The ex-dividend date of this dividend is Monday, March 10th. LyondellBasell Industries's dividend payout ratio (DPR) is presently 129.47%.

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.