Entropy Technologies LP Boosts Stock Position in LyondellBasell Industries (NYSE:LYB)

Entropy Technologies LP boosted its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 79.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,525 shares of the specialty chemicals company's stock after purchasing an additional 12,627 shares during the period. Entropy Technologies LP's holdings in LyondellBasell Industries were worth $2,119,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LYB. Jacobs Levy Equity Management Inc. increased its holdings in LyondellBasell Industries by 211.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,283,163 shares of the specialty chemicals company's stock valued at $123,055,000 after purchasing an additional 871,708 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in LyondellBasell Industries by 4.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,023,982 shares of the specialty chemicals company's stock valued at $769,500,000 after purchasing an additional 362,671 shares during the period. Franklin Resources Inc. grew its holdings in shares of LyondellBasell Industries by 11.4% during the 3rd quarter. Franklin Resources Inc. now owns 2,875,267 shares of the specialty chemicals company's stock worth $268,664,000 after acquiring an additional 293,622 shares during the period. Geode Capital Management LLC grew its holdings in shares of LyondellBasell Industries by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 6,605,151 shares of the specialty chemicals company's stock worth $638,964,000 after acquiring an additional 277,108 shares during the period. Finally, State Street Corp grew its holdings in shares of LyondellBasell Industries by 1.9% during the 3rd quarter. State Street Corp now owns 12,202,118 shares of the specialty chemicals company's stock worth $1,170,183,000 after acquiring an additional 230,327 shares during the period. Hedge funds and other institutional investors own 71.20% of the company's stock.

Analyst Ratings Changes

LYB has been the topic of a number of research analyst reports. Royal Bank of Canada upped their target price on LyondellBasell Industries from $82.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, February 4th. Wells Fargo & Company reduced their target price on LyondellBasell Industries from $95.00 to $90.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Mizuho reduced their target price on LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating on the stock in a report on Monday, December 9th. The Goldman Sachs Group reduced their target price on LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating on the stock in a report on Thursday, December 12th. Finally, Barclays reduced their target price on LyondellBasell Industries from $90.00 to $80.00 and set an "equal weight" rating on the stock in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, LyondellBasell Industries currently has an average rating of "Hold" and an average price target of $88.25.

Insider Buying and Selling at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan purchased 5,000 shares of the business's stock in a transaction on Friday, December 13th. The stock was acquired at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the purchase, the director now directly owns 18,175 shares in the company, valued at $1,382,390.50. This trade represents a 37.95 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.11% of the company's stock.

LyondellBasell Industries Stock Up 0.5 %

LYB stock traded up $0.38 during midday trading on Thursday, hitting $76.27. The company's stock had a trading volume of 1,891,741 shares, compared to its average volume of 2,783,953. The company has a market cap of $24.77 billion, a PE ratio of 18.42, a P/E/G ratio of 0.92 and a beta of 1.05. LyondellBasell Industries has a 12 month low of $72.21 and a 12 month high of $107.02. 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 firm's 50-day moving average is $75.61 and its 200-day moving average is $86.06.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings data 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 net margin of 3.39% and a return on equity of 15.97%. During the same period in the prior year, the firm earned $1.26 earnings per share. On average, equities research analysts forecast that LyondellBasell Industries will post 6.68 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Shareholders 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 7.03%. LyondellBasell Industries's dividend payout ratio is currently 129.47%.

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.