LyondellBasell Industries (NYSE:LYB) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its holdings in LyondellBasell Industries (NYSE:LYB - Free Report) by 3.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,229,416 shares of the specialty chemicals company's stock after purchasing an additional 187,150 shares during the period. JPMorgan Chase & Co. owned approximately 1.61% of LyondellBasell Industries worth $501,501,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. raised its holdings in shares of LyondellBasell Industries by 1.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 38,059 shares of the specialty chemicals company's stock valued at $3,641,000 after buying an additional 484 shares during the period. Arkadios Wealth Advisors increased its stake in LyondellBasell Industries by 6.0% during the 2nd quarter. Arkadios Wealth Advisors now owns 3,033 shares of the specialty chemicals company's stock worth $290,000 after buying an additional 171 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in LyondellBasell Industries by 14.4% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 92,768 shares of the specialty chemicals company's stock worth $8,874,000 after buying an additional 11,700 shares in the last quarter. Signaturefd LLC increased its position in shares of LyondellBasell Industries by 11.4% during the second quarter. Signaturefd LLC now owns 4,934 shares of the specialty chemicals company's stock worth $472,000 after acquiring an additional 506 shares during the period. Finally, Pinnacle Associates Ltd. raised its stake in shares of LyondellBasell Industries by 1.5% in the second quarter. Pinnacle Associates Ltd. now owns 26,215 shares of the specialty chemicals company's stock valued at $2,508,000 after acquiring an additional 380 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company's stock.

Insider Activity

In other news, Director Robin W.T. Buchanan acquired 5,000 shares of the company's stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average cost of $76.06 per share, with a total value of $380,300.00. Following the purchase, the director now directly owns 18,175 shares of the company's stock, valued at approximately $1,382,390.50. This trade represents a 37.95 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.11% of the company's stock.

Wall Street Analysts Forecast Growth

LYB has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price target on LyondellBasell Industries from $100.00 to $90.00 and set an "overweight" rating on the stock in a report on Friday, December 6th. Wells Fargo & Company decreased their price target on shares of LyondellBasell Industries from $105.00 to $95.00 and set an "overweight" rating for the company in a research note on Tuesday, December 10th. Mizuho reduced their price objective on shares of LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating on the stock in a report on Monday, December 9th. Royal Bank of Canada dropped their price objective on LyondellBasell Industries from $104.00 to $92.00 and set an "outperform" rating on the stock in a report on Thursday, December 19th. Finally, Piper Sandler lowered their price target on LyondellBasell Industries from $117.00 to $112.00 and set an "overweight" rating for the company in a report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, LyondellBasell Industries currently has a consensus rating of "Hold" and a consensus price target of $96.27.

LyondellBasell Industries Stock Performance

NYSE:LYB traded down $0.21 during trading hours on Friday, reaching $74.14. 1,654,887 shares of the company's stock were exchanged, compared to its average volume of 2,017,696. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $24.08 billion, a price-to-earnings ratio of 11.28, a P/E/G ratio of 2.13 and a beta of 1.05. LyondellBasell Industries has a 1-year low of $72.93 and a 1-year high of $107.02. The company has a 50-day moving average of $81.51 and a 200 day moving average of $90.59.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.10). The firm had revenue of $10.33 billion during the quarter, compared to analyst estimates of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The business's quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.46 earnings per share. Research analysts anticipate that LyondellBasell Industries will post 7.02 EPS 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 paid a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.23%. LyondellBasell Industries's dividend payout ratio (DPR) is presently 81.58%.

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.