Hosking Partners LLP Grows Stock Position in LyondellBasell Industries (NYSE:LYB)

Hosking Partners LLP increased its stake in LyondellBasell Industries (NYSE:LYB - Free Report) by 59.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 405,028 shares of the specialty chemicals company's stock after acquiring an additional 150,592 shares during the period. LyondellBasell Industries makes up approximately 1.2% of Hosking Partners LLP's investment portfolio, making the stock its 29th biggest position. Hosking Partners LLP owned 0.12% of LyondellBasell Industries worth $30,081,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in LYB. VELA Investment Management LLC increased its position in LyondellBasell Industries by 38.4% during the fourth quarter. VELA Investment Management LLC now owns 6,697 shares of the specialty chemicals company's stock valued at $497,000 after acquiring an additional 1,858 shares during the last quarter. Fort Sheridan Advisors LLC boosted its stake in shares of LyondellBasell Industries by 8.6% during the 4th quarter. Fort Sheridan Advisors LLC now owns 18,392 shares of the specialty chemicals company's stock worth $1,366,000 after purchasing an additional 1,457 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its holdings in LyondellBasell Industries by 26.3% during the 4th quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 1,200 shares of the specialty chemicals company's stock valued at $89,000 after purchasing an additional 250 shares during the last quarter. Versor Investments LP raised its position in LyondellBasell Industries by 168.7% in the 4th quarter. Versor Investments LP now owns 33,586 shares of the specialty chemicals company's stock worth $2,494,000 after purchasing an additional 21,086 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in LyondellBasell Industries in the fourth quarter worth about $3,760,000. 71.20% of the stock is owned by institutional investors.

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Insider Buying and Selling 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 stock was bought at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the purchase, the director now directly owns 18,175 shares in the company, valued at approximately $1,382,390.50. The trade was a 37.95 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is owned by insiders.

LyondellBasell Industries Stock Up 0.1 %

Shares of LYB traded up $0.10 during mid-day trading on Tuesday, hitting $73.51. The company's stock had a trading volume of 4,302,615 shares, compared to its average volume of 2,063,081. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. The company's 50-day moving average is $75.91 and its 200-day moving average is $84.19. LyondellBasell Industries has a 52-week low of $72.21 and a 52-week high of $107.02. The firm has a market capitalization of $23.87 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 0.97 and a beta of 1.05.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing analysts' consensus estimates of $1.28 by ($0.53). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. During the same period in the previous year, the business posted $1.26 EPS. On average, equities research analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 7.29%. The ex-dividend date is Monday, March 10th. LyondellBasell Industries's payout ratio is currently 129.47%.

Analyst Upgrades and Downgrades

LYB has been the topic of several recent analyst reports. UBS Group reduced their price target on LyondellBasell Industries from $77.00 to $76.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Wells Fargo & Company reduced their target price on LyondellBasell Industries from $95.00 to $90.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. 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. The Goldman Sachs Group cut their price target 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. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating for the company in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, LyondellBasell Industries currently has a consensus rating of "Hold" and a consensus target price of $88.25.

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.