Natixis Advisors LLC Reduces Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Natixis Advisors LLC lessened its stake in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 44.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,886 shares of the specialty chemicals company's stock after selling 48,123 shares during the period. Natixis Advisors LLC's holdings in LyondellBasell Industries were worth $4,448,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in LYB. Frank Rimerman Advisors LLC boosted its stake in LyondellBasell Industries by 87.8% during the fourth quarter. Frank Rimerman Advisors LLC now owns 4,316 shares of the specialty chemicals company's stock valued at $321,000 after buying an additional 2,018 shares during the last quarter. First National Trust Co boosted its position in shares of LyondellBasell Industries by 48.1% during the 4th quarter. First National Trust Co now owns 12,885 shares of the specialty chemicals company's stock valued at $957,000 after acquiring an additional 4,185 shares during the last quarter. Intact Investment Management Inc. grew its holdings in shares of LyondellBasell Industries by 92.5% in the fourth quarter. Intact Investment Management Inc. now owns 123,300 shares of the specialty chemicals company's stock valued at $9,157,000 after purchasing an additional 59,250 shares in the last quarter. LBP AM SA increased its position in LyondellBasell Industries by 34.8% in the fourth quarter. LBP AM SA now owns 249,331 shares of the specialty chemicals company's stock worth $18,518,000 after purchasing an additional 64,381 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in LyondellBasell Industries by 37.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 145,579 shares of the specialty chemicals company's stock valued at $10,812,000 after purchasing an additional 39,712 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company's stock.

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Insider Activity at LyondellBasell Industries

In other news, Director Michael Sean Hanley bought 3,750 shares of LyondellBasell Industries stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average price 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. The trade was a 30.54 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.11% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Piper Sandler decreased their target price on shares of LyondellBasell Industries from $95.00 to $84.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Royal Bank of Canada upped their price objective on LyondellBasell Industries from $82.00 to $90.00 and gave the company an "outperform" rating in a research report on Tuesday, February 4th. Mizuho dropped their target price on LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating for the company in a report on Monday, December 9th. StockNews.com downgraded shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company dropped their target price on LyondellBasell Industries from $95.00 to $90.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $88.25.

LyondellBasell Industries Stock Up 1.7 %

NYSE LYB traded up $1.17 during midday trading on Wednesday, hitting $71.02. 3,022,170 shares of the company traded hands, compared to its average volume of 2,105,459. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. The company has a market cap of $22.97 billion, a PE ratio of 17.15, a price-to-earnings-growth ratio of 0.97 and a beta of 1.06. LyondellBasell Industries has a 52 week low of $69.79 and a 52 week high of $107.02. The company's 50-day simple moving average is $75.95 and its 200-day simple moving average is $81.60.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released 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 quarter in the previous year, the business earned $1.26 EPS. 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 business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued 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 dividend yield of 7.55%. LyondellBasell Industries's dividend payout ratio (DPR) 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.