LyondellBasell Industries (NYSE:LYB) Shares Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC boosted its holdings in LyondellBasell Industries (NYSE:LYB - Free Report) by 42.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,064 shares of the specialty chemicals company's stock after purchasing an additional 20,138 shares during the quarter. Wealthfront Advisers LLC's holdings in LyondellBasell Industries were worth $5,055,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its position in shares of LyondellBasell Industries by 6.3% during the 3rd quarter. Principal Financial Group Inc. now owns 307,496 shares of the specialty chemicals company's stock valued at $29,489,000 after acquiring an additional 18,311 shares during the last quarter. Assetmark Inc. boosted its position in shares of LyondellBasell Industries by 17.1% during the 3rd quarter. Assetmark Inc. now owns 26,388 shares of the specialty chemicals company's stock valued at $2,531,000 after acquiring an additional 3,863 shares during the last quarter. Atria Investments Inc boosted its position in shares of LyondellBasell Industries by 0.8% during the 3rd quarter. Atria Investments Inc now owns 47,792 shares of the specialty chemicals company's stock valued at $4,583,000 after acquiring an additional 399 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of LyondellBasell Industries during the 3rd quarter valued at approximately $31,000. Finally, Apollon Wealth Management LLC boosted its position in shares of LyondellBasell Industries by 11.4% during the 3rd quarter. Apollon Wealth Management LLC now owns 3,519 shares of the specialty chemicals company's stock valued at $338,000 after acquiring an additional 359 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors.

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Insider Activity

In related news, Director Michael Sean Hanley acquired 3,750 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average price of $72.05 per share, with a total value of $270,187.50. Following the completion of the transaction, the director now directly owns 16,028 shares in the company, valued at $1,154,817.40. This trade represents a 30.54 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robin W.T. Buchanan acquired 5,000 shares of the company's stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the transaction, the director now owns 18,175 shares of the company's stock, valued at $1,382,390.50. This represents a 37.95 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.11% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LYB. Piper Sandler lowered their target price on LyondellBasell Industries from $95.00 to $84.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. The Goldman Sachs Group decreased their price target on LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating on the stock in a report on Thursday, December 12th. Mizuho decreased 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. Wells Fargo & Company decreased their price target on LyondellBasell Industries from $95.00 to $90.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Finally, UBS Group decreased their price target on LyondellBasell Industries from $77.00 to $76.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $88.25.

LyondellBasell Industries Trading Up 0.5 %

LYB stock traded up $0.36 during midday trading on Thursday, reaching $72.55. The company's stock had a trading volume of 2,513,145 shares, compared to its average volume of 2,070,004. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. The stock has a fifty day simple moving average of $76.05 and a two-hundred day simple moving average of $83.13. LyondellBasell Industries has a 1 year low of $71.81 and a 1 year high of $107.02. The firm has a market capitalization of $23.47 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 0.97 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly 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 business posted $1.26 EPS. On average, equities research analysts predict that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

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 paid a dividend of $1.34 per share. The ex-dividend date is Monday, March 10th. This represents a $5.36 annualized dividend and a dividend yield of 7.39%. LyondellBasell Industries's dividend payout ratio is currently 129.47%.

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.