Oxford Asset Management LLP Boosts Stake in LyondellBasell Industries (NYSE:LYB)

Oxford Asset Management LLP raised its holdings in LyondellBasell Industries (NYSE:LYB - Free Report) by 113.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,789 shares of the specialty chemicals company's stock after buying an additional 6,264 shares during the period. Oxford Asset Management LLP's holdings in LyondellBasell Industries were worth $876,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Webster Bank N. A. raised its stake in shares of LyondellBasell Industries by 70.4% in 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 raised its position in LyondellBasell Industries by 268.2% in 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 in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of LyondellBasell Industries in the 4th quarter valued at about $37,000. Covestor Ltd grew its position in shares of LyondellBasell Industries by 107.6% during the fourth quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company's stock worth $41,000 after buying an additional 284 shares in the last quarter. Finally, Pinnacle Bancorp Inc. purchased a new stake in shares of LyondellBasell Industries during the fourth quarter worth approximately $59,000. Institutional investors and hedge funds own 71.20% of the company's stock.

LyondellBasell Industries Stock Performance

LYB stock traded up $0.09 during trading on Tuesday, hitting $58.81. The company had a trading volume of 4,034,211 shares, compared to its average volume of 2,518,209. The firm has a 50-day moving average price of $67.31 and a 200-day moving average price of $75.44. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. The firm has a market cap of $18.99 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 0.97 and a beta of 0.89. 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 released its earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. The company had revenue of $7.68 billion during the quarter, compared to analyst estimates of $7.69 billion. During the same period in the previous year, the firm posted $1.53 EPS. The company's revenue for the quarter was down 7.6% on a year-over-year basis. On average, analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 9.11%. The ex-dividend date was Monday, March 10th. LyondellBasell Industries's dividend payout ratio (DPR) is presently 129.47%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LYB. The Goldman Sachs Group decreased their price target on shares of LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating for the company in a research note on Monday. Piper Sandler lowered their target price on shares of LyondellBasell Industries from $84.00 to $67.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Royal Bank of Canada lowered their price objective on LyondellBasell Industries from $62.00 to $61.00 and set a "sector perform" rating for the company in a research report on Tuesday. Morgan Stanley lowered their target price on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Finally, Barclays cut their price target 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. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, LyondellBasell Industries currently has an average rating of "Hold" and a consensus target price of $74.00.

Insider Activity

In related news, Director Michael Sean Hanley bought 3,750 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was bought at an average cost of $72.05 per share, with a total value 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 represents a 30.54 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.14% of the company's stock.

LyondellBasell Industries 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.