LyondellBasell Industries (NYSE:LYB) Shares Purchased by SWS Partners

SWS Partners boosted its position in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 17.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,049 shares of the specialty chemicals company's stock after acquiring an additional 4,110 shares during the period. SWS Partners' holdings in LyondellBasell Industries were worth $2,009,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new position in LyondellBasell Industries in the third quarter valued at $31,000. Webster Bank N. A. boosted its position in shares of LyondellBasell Industries by 70.4% during the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock worth $26,000 after acquiring an additional 143 shares in the last quarter. Rosenberg Matthew Hamilton increased its holdings in shares of LyondellBasell Industries by 268.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company's stock valued at $30,000 after acquiring an additional 295 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of LyondellBasell Industries during the 3rd quarter worth about $60,000. Finally, Pinnacle Bancorp Inc. purchased a new stake in LyondellBasell Industries during the fourth quarter worth approximately $59,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LYB has been the topic of a number of research analyst reports. The Goldman Sachs Group cut their price objective on shares of LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating on the stock in a report on Thursday, December 12th. JPMorgan Chase & Co. reduced their price target on shares of LyondellBasell Industries from $90.00 to $80.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. StockNews.com lowered LyondellBasell Industries from a "buy" rating to a "hold" rating in a report on Wednesday, January 8th. Barclays reduced their target price on LyondellBasell Industries from $90.00 to $80.00 and set an "equal weight" rating for the company in a report on Monday, February 3rd. Finally, Piper Sandler decreased 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. One 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. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $88.25.

Insider Activity at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan bought 5,000 shares of the stock in a transaction on Friday, December 13th. The shares were bought at an average price of $76.06 per share, with a total value of $380,300.00. Following the completion of the acquisition, the director now owns 18,175 shares of the company's stock, valued at approximately $1,382,390.50. This trade represents a 37.95 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.11% of the company's stock.

LyondellBasell Industries Stock Performance

NYSE:LYB traded up $2.77 during midday trading on Wednesday, reaching $76.24. The stock had a trading volume of 3,055,732 shares, compared to its average volume of 2,059,824. The stock has a market cap of $24.76 billion, a P/E ratio of 18.41, a P/E/G ratio of 0.97 and a beta of 1.05. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. LyondellBasell Industries has a 12-month low of $72.21 and a 12-month high of $107.02. The firm has a fifty day simple moving average of $75.90 and a two-hundred day simple moving average of $84.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted 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 last year, the firm earned $1.26 earnings per share. On average, equities analysts expect that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Announces Dividend

The business 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 $1.34 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.03%. LyondellBasell Industries's dividend payout ratio is presently 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.