Fifth Third Wealth Advisors LLC Purchases 8,691 Shares of LyondellBasell Industries (NYSE:LYB)

Fifth Third Wealth Advisors LLC boosted its stake in LyondellBasell Industries (NYSE:LYB - Free Report) by 202.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,986 shares of the specialty chemicals company's stock after buying an additional 8,691 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in LyondellBasell Industries were worth $964,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. CVA Family Office LLC raised its holdings in shares of LyondellBasell Industries by 155.9% in the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company's stock valued at $25,000 after purchasing an additional 159 shares during the last quarter. Matrix Trust Co bought a new stake in LyondellBasell Industries in the 3rd quarter worth about $30,000. Rosenberg Matthew Hamilton increased its stake in 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 buying an additional 295 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of LyondellBasell Industries during the 3rd quarter worth approximately $31,000. Finally, Fortitude Family Office LLC boosted its stake in shares of LyondellBasell Industries by 162.0% in the 3rd quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company's stock worth $45,000 after buying an additional 290 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Stock Performance

Shares of LYB stock traded up $0.60 during trading on Thursday, reaching $76.68. 2,775,189 shares of the company's stock traded hands, compared to its average volume of 2,902,449. LyondellBasell Industries has a 1 year low of $72.21 and a 1 year high of $107.02. The company has a market capitalization of $24.90 billion, a P/E ratio of 11.67, a PEG ratio of 1.74 and a beta of 1.06. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81. The firm's 50-day moving average is $78.00 and its 200 day moving average is $88.66.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.10). The company had revenue of $10.33 billion for the quarter, compared to analysts' expectations of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The company's revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.46 EPS. Equities research analysts expect that LyondellBasell Industries will post 6.8 EPS for the current year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were issued a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 6.99%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries's dividend payout ratio (DPR) is presently 81.58%.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan acquired 5,000 shares of the business's stock in a transaction dated Friday, December 13th. The stock was 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 $1,382,390.50. This trade represents a 37.95 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.11% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on LYB. Barclays decreased their price target on LyondellBasell Industries from $99.00 to $95.00 and set an "equal weight" rating for the company in a research report on Monday, November 4th. The Goldman Sachs Group decreased their target price on LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating for the company in a research report on Thursday, December 12th. StockNews.com downgraded shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a report on Wednesday, January 8th. Piper Sandler restated a "neutral" rating and set a $95.00 price objective (down previously from $112.00) on shares of LyondellBasell Industries in a report on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating on the stock in a research report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $94.33.

About LyondellBasell Industries

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.