LyondellBasell Industries (NYSE:LYB) Shares Sold by Fmr LLC

FMR LLC trimmed its position in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 27.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,598,734 shares of the specialty chemicals company's stock after selling 1,367,166 shares during the period. FMR LLC owned 1.11% of LyondellBasell Industries worth $267,278,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in shares of LyondellBasell Industries by 3.7% in the third quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company's stock worth $501,501,000 after acquiring an additional 187,150 shares during the period. Fifth Third Wealth Advisors LLC raised its position in shares of LyondellBasell Industries by 202.4% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 12,986 shares of the specialty chemicals company's stock valued at $964,000 after buying an additional 8,691 shares during the last quarter. Sound Income Strategies LLC boosted its position in shares of LyondellBasell Industries by 8.1% during the fourth quarter. Sound Income Strategies LLC now owns 271,626 shares of the specialty chemicals company's stock worth $20,174,000 after acquiring an additional 20,310 shares during the last quarter. Merrion Investment Management Co LLC purchased a new position in shares of LyondellBasell Industries during the fourth quarter valued at about $503,000. Finally, Hennion & Walsh Asset Management Inc. increased its stake in LyondellBasell Industries by 26.4% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 18,973 shares of the specialty chemicals company's stock worth $1,409,000 after acquiring an additional 3,958 shares during the last quarter. Institutional investors own 71.20% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $60.00 target price (down from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. Morgan Stanley reduced their target price on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. Piper Sandler lowered their price target on shares of LyondellBasell Industries from $84.00 to $67.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Citigroup dropped their price target on LyondellBasell Industries from $75.00 to $66.00 and set a "neutral" rating for the company in a research report on Friday, April 4th. Finally, Barclays lowered their price objective on LyondellBasell Industries from $80.00 to $72.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 1st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, LyondellBasell Industries has a consensus rating of "Hold" and a consensus price target of $76.50.

Insider Activity at LyondellBasell Industries

In related news, Director Michael Sean Hanley bought 3,750 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the purchase, the director now directly 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

LyondellBasell Industries Stock Up 1.1 %

NYSE LYB traded up $0.61 during midday trading on Monday, hitting $57.50. 4,338,505 shares of the company traded hands, compared to its average volume of 2,421,927. LyondellBasell Industries has a 52 week low of $51.11 and a 52 week high of $107.02. The company's 50-day simple moving average is $71.15 and its 200-day simple moving average is $78.07. The company has a market cap of $18.60 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of 0.97 and a beta of 0.89. 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 (NYSE:LYB - Get Free Report) last announced its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share 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 quarter last year, the company earned $1.26 earnings per share. As a group, equities research analysts forecast 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 paid a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.36 annualized dividend and a yield of 9.32%. LyondellBasell Industries's dividend payout ratio (DPR) is 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.