LyondellBasell Industries (NYSE:LYB) Shares Purchased by First Trust Advisors LP

First Trust Advisors LP boosted its stake in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 34.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,139,142 shares of the specialty chemicals company's stock after buying an additional 290,459 shares during the quarter. First Trust Advisors LP owned 0.35% of LyondellBasell Industries worth $84,604,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in LYB. Webster Bank N. A. boosted its stake in shares of LyondellBasell Industries by 70.4% during the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock worth $26,000 after buying an additional 143 shares during the period. Cairn Investment Group Inc. raised its stake in LyondellBasell Industries by 0.4% during the 4th quarter. Cairn Investment Group Inc. now owns 42,147 shares of the specialty chemicals company's stock valued at $3,130,000 after acquiring an additional 155 shares during the last quarter. Alliance Wealth Advisors LLC UT lifted its position in LyondellBasell Industries by 5.2% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 3,608 shares of the specialty chemicals company's stock worth $268,000 after acquiring an additional 177 shares during the period. Y.D. More Investments Ltd lifted its position in LyondellBasell Industries by 14.9% during the 4th quarter. Y.D. More Investments Ltd now owns 1,497 shares of the specialty chemicals company's stock worth $111,000 after acquiring an additional 194 shares during the period. Finally, Caprock Group LLC grew its stake in shares of LyondellBasell Industries by 5.8% in the 4th quarter. Caprock Group LLC now owns 4,008 shares of the specialty chemicals company's stock valued at $298,000 after purchasing an additional 220 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on LYB shares. Royal Bank of Canada downgraded LyondellBasell Industries from an "outperform" rating to a "sector perform" rating and set a $62.00 price target for the company. in a report on Wednesday, April 9th. Wells Fargo & Company reduced their target price on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Friday, April 4th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $60.00 price target (down from $80.00) on shares of LyondellBasell Industries in a research note on Friday, April 4th. Barclays reduced their price objective on shares of LyondellBasell Industries from $80.00 to $72.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 1st. Finally, Piper Sandler dropped their target price on LyondellBasell Industries from $84.00 to $67.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $76.50.

LyondellBasell Industries Price Performance

LYB traded up $0.31 during trading on Friday, reaching $59.56. 4,637,508 shares of the stock were exchanged, compared to its average volume of 2,499,737. LyondellBasell Industries has a 1 year low of $51.11 and a 1 year high of $107.02. The company has a market capitalization of $19.23 billion, a price-to-earnings ratio of 14.39, a P/E/G ratio of 0.97 and a beta of 0.89. The business's 50 day moving average price is $68.06 and its two-hundred day moving average price is $76.19. 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 issued its quarterly earnings data on Friday, April 25th. The specialty chemicals company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. The business had revenue of $7.68 billion during the quarter, compared to analyst estimates of $7.69 billion. During the same period in the previous year, the company posted $1.53 earnings per share. As a group, equities research analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 9.00%. The ex-dividend date was Monday, March 10th. LyondellBasell Industries's payout ratio is currently 129.47%.

Insider Buying and Selling at LyondellBasell Industries

In related news, Director Michael Sean Hanley acquired 3,750 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of $72.05 per share, with a total value of $270,187.50. Following the completion of the purchase, the director now directly owns 16,028 shares in the company, valued at approximately $1,154,817.40. The trade was a 30.54 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is owned by insiders.

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.