Marshall Wace LLP Purchases Shares of 131,099 LyondellBasell Industries (NYSE:LYB)

Marshall Wace LLP acquired a new stake in LyondellBasell Industries (NYSE:LYB - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 131,099 shares of the specialty chemicals company's stock, valued at approximately $9,737,000.

Several other institutional investors also recently modified their holdings of LYB. Dodge & Cox grew its holdings in LyondellBasell Industries by 5.3% during the fourth quarter. Dodge & Cox now owns 16,965,832 shares of the specialty chemicals company's stock worth $1,260,052,000 after purchasing an additional 851,365 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of LyondellBasell Industries by 7.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,582,119 shares of the specialty chemicals company's stock valued at $637,394,000 after buying an additional 558,137 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of LyondellBasell Industries by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 6,804,205 shares of the specialty chemicals company's stock worth $512,913,000 after acquiring an additional 199,054 shares during the period. Invesco Ltd. increased its holdings in shares of LyondellBasell Industries by 13.5% during the 4th quarter. Invesco Ltd. now owns 5,826,318 shares of the specialty chemicals company's stock worth $432,721,000 after acquiring an additional 694,055 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in LyondellBasell Industries by 3.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company's stock valued at $501,501,000 after acquiring an additional 187,150 shares during the period. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at LyondellBasell Industries

In other news, Director Michael Sean Hanley purchased 3,750 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was bought at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the purchase, the director now owns 16,028 shares of the company's stock, 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 the SEC website. Company insiders own 0.14% of the company's stock.

LyondellBasell Industries Price Performance

LYB stock traded up $0.31 during midday trading on Friday, reaching $59.56. The company had a trading volume of 4,637,508 shares, compared to its average volume of 2,499,737. The stock has a 50 day moving average price of $68.06 and a 200-day moving average price of $76.19. The company has a market capitalization of $19.23 billion, a price-to-earnings ratio of 14.39, a price-to-earnings-growth ratio of 0.97 and a beta of 0.89. 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 has a 1-year low of $51.11 and a 1-year high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The business had revenue of $7.68 billion during the quarter, compared to the consensus estimate of $7.69 billion. 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 earned $1.53 EPS. Equities research analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 9.00%. The ex-dividend date of this dividend was Monday, March 10th. LyondellBasell Industries's payout ratio is 129.47%.

Analyst Ratings Changes

Several equities analysts have commented on LYB shares. Barclays decreased their price objective on shares of LyondellBasell Industries from $80.00 to $72.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 1st. Piper Sandler lowered their price target on shares of LyondellBasell Industries from $84.00 to $67.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Morgan Stanley reduced their price objective on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Citigroup lowered their target price on LyondellBasell Industries from $75.00 to $66.00 and set a "neutral" rating on the stock in a research note on Friday, April 4th. Finally, StockNews.com cut LyondellBasell Industries from a "buy" rating to a "hold" rating in a report on Wednesday, January 8th. Two 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. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $76.50.

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.