Marco Investment Management LLC Has $9.83 Million Stake in LyondellBasell Industries (NYSE:LYB)

Marco Investment Management LLC lowered its stake in LyondellBasell Industries (NYSE:LYB - Free Report) by 36.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 132,395 shares of the specialty chemicals company's stock after selling 77,175 shares during the quarter. Marco Investment Management LLC's holdings in LyondellBasell Industries were worth $9,833,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. West Family Investments Inc. acquired a new stake in shares of LyondellBasell Industries in the fourth quarter valued at approximately $237,000. Ashton Thomas Private Wealth LLC raised its holdings in shares of LyondellBasell Industries by 7.5% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 4,608 shares of the specialty chemicals company's stock valued at $342,000 after purchasing an additional 321 shares during the last quarter. Callan Family Office LLC acquired a new stake in shares of LyondellBasell Industries in the fourth quarter valued at approximately $246,000. Straight Path Wealth Management raised its holdings in shares of LyondellBasell Industries by 40.0% in the fourth quarter. Straight Path Wealth Management now owns 7,000 shares of the specialty chemicals company's stock valued at $520,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of LyondellBasell Industries in the fourth quarter valued at approximately $69,115,000. Institutional investors own 71.20% of the company's stock.

LyondellBasell Industries Stock Performance

Shares of LyondellBasell Industries stock traded up $1.62 during trading on Friday, reaching $77.53. The company's stock had a trading volume of 3,223,373 shares, compared to its average volume of 2,061,236. The business's 50-day moving average price is $76.04 and its 200-day moving average price is $83.69. The firm has a market cap of $25.08 billion, a PE ratio of 18.73, a P/E/G ratio of 0.97 and a beta of 1.06. LyondellBasell Industries has a 52 week low of $72.21 and a 52 week high of $107.02. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84.

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LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 prior year, the firm posted $1.26 earnings per share. Equities analysts forecast that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be given 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 6.91%. LyondellBasell Industries's payout ratio is presently 129.47%.

Analyst Ratings Changes

A number of research firms have recently issued reports on LYB. JPMorgan Chase & Co. lowered their price objective on shares of LyondellBasell Industries from $90.00 to $80.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. UBS Group lowered their target price on shares of LyondellBasell Industries from $77.00 to $76.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Piper Sandler lowered their target price on shares of LyondellBasell Industries from $95.00 to $84.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. Morgan Stanley lowered their target price on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. Finally, Wells Fargo & Company lowered their target price on shares of LyondellBasell Industries from $95.00 to $90.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $88.25.

Insider Activity

In other news, Director Robin W.T. Buchanan acquired 5,000 shares of the business's stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average price of $76.06 per share, with a total value of $380,300.00. Following the completion of the transaction, the director now directly owns 18,175 shares of the company's stock, valued at $1,382,390.50. This trade represents a 37.95 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is currently owned by company insiders.

LyondellBasell Industries Company 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.