Lifeworks Advisors LLC Acquires 6,101 Shares of LyondellBasell Industries (NYSE:LYB)

Lifeworks Advisors LLC boosted its position in LyondellBasell Industries (NYSE:LYB - Free Report) by 22.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,985 shares of the specialty chemicals company's stock after buying an additional 6,101 shares during the quarter. Lifeworks Advisors LLC's holdings in LyondellBasell Industries were worth $2,450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Webster Bank N. A. boosted its stake in LyondellBasell Industries by 70.4% during the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock valued at $26,000 after buying an additional 143 shares during the period. Rosenberg Matthew Hamilton increased its holdings in shares of LyondellBasell Industries by 268.2% in the fourth 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. Ashton Thomas Securities LLC purchased a new position in shares of LyondellBasell Industries in the third quarter worth about $31,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of LyondellBasell Industries in the fourth quarter worth about $37,000. Finally, Pinnacle Bancorp Inc. purchased a new position in shares of LyondellBasell Industries in the fourth quarter worth about $59,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Robin W.T. Buchanan bought 5,000 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average cost of $76.06 per share, with a total value of $380,300.00. Following the acquisition, the director now owns 18,175 shares in the company, valued at $1,382,390.50. This trade represents a 37.95 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.11% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms have recently commented on LYB. The Goldman Sachs Group decreased their price objective on LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating on the stock in a report on Thursday, December 12th. Piper Sandler decreased their price objective on LyondellBasell Industries from $95.00 to $84.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. Mizuho reduced their price target on LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating on the stock in a report on Monday, December 9th. StockNews.com downgraded LyondellBasell Industries from a "buy" rating to a "hold" rating in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. reduced their price target on LyondellBasell Industries from $90.00 to $80.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $88.25.

LyondellBasell Industries Stock Up 2.1 %

Shares of LyondellBasell Industries stock traded up $1.62 during midday trading on Friday, hitting $77.53. The company had a trading volume of 3,223,373 shares, compared to its average volume of 2,061,236. The company has a 50 day moving average of $76.04 and a 200 day moving average of $83.59. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. LyondellBasell Industries has a 52-week low of $72.21 and a 52-week high of $107.02. The stock has a market capitalization of $25.08 billion, a P/E ratio of 18.73, a P/E/G ratio of 0.97 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 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 previous year, the company earned $1.26 EPS. On average, equities analysts predict that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a dividend of $1.34 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $5.36 annualized dividend and a dividend yield of 6.91%. LyondellBasell Industries's payout ratio is 129.47%.

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.