Xponance Inc. Increases Holdings in LyondellBasell Industries (NYSE:LYB)

Xponance Inc. lifted its position in LyondellBasell Industries (NYSE:LYB - Free Report) by 13.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 41,107 shares of the specialty chemicals company's stock after acquiring an additional 5,000 shares during the period. Xponance Inc.'s holdings in LyondellBasell Industries were worth $3,053,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Webster Bank N. A. raised its holdings in LyondellBasell Industries by 70.4% in the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock worth $26,000 after purchasing an additional 143 shares in the last quarter. Rosenberg Matthew Hamilton grew its position in shares of LyondellBasell Industries by 268.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company's stock worth $30,000 after buying an additional 295 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of LyondellBasell Industries in the 4th quarter worth about $37,000. Pinnacle Bancorp Inc. purchased a new position in LyondellBasell Industries during the 4th quarter valued at about $59,000. Finally, Brooklyn Investment Group bought a new stake in LyondellBasell Industries during the third quarter worth about $60,000. Hedge funds and other institutional investors own 71.20% of the company's stock.

LyondellBasell Industries Stock Performance

LyondellBasell Industries stock traded down $2.04 during midday trading on Tuesday, reaching $69.92. 3,030,056 shares of the company traded hands, compared to its average volume of 2,096,286. 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 12 month low of $70.75 and a 12 month high of $107.02. The firm has a market capitalization of $22.62 billion, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 0.97 and a beta of 1.06. The business has a 50 day moving average of $76.05 and a two-hundred day moving average of $81.77.

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LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings data 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 period in the previous year, the firm posted $1.26 EPS. As a group, research analysts predict that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a dividend of $1.34 per share. The ex-dividend date was Monday, March 10th. This represents a $5.36 annualized dividend and a yield of 7.67%. LyondellBasell Industries's dividend payout ratio (DPR) is 129.47%.

Analysts Set New Price Targets

A number of brokerages have weighed in on LYB. Morgan Stanley decreased their target price on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. UBS Group lowered their price objective on LyondellBasell Industries from $77.00 to $76.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. StockNews.com cut LyondellBasell Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. The Goldman Sachs Group lowered their price target on LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating for the company in a research report on Thursday, December 12th. Finally, Piper Sandler dropped their price target on shares of LyondellBasell Industries from $95.00 to $84.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $88.25.

Insider Buying and Selling at LyondellBasell Industries

In related news, Director Michael Sean Hanley purchased 3,750 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price 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 of the company's stock, valued at approximately $1,154,817.40. This trade represents a 30.54 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.11% of the stock is 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.