Mizuho Securities USA LLC Boosts Holdings in LyondellBasell Industries (NYSE:LYB)

Mizuho Securities USA LLC increased its position in LyondellBasell Industries (NYSE:LYB - Free Report) by 46.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,624 shares of the specialty chemicals company's stock after purchasing an additional 7,760 shares during the quarter. Mizuho Securities USA LLC's holdings in LyondellBasell Industries were worth $1,829,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. HighTower Advisors LLC increased its stake in shares of LyondellBasell Industries by 18.2% during the third quarter. HighTower Advisors LLC now owns 1,038,687 shares of the specialty chemicals company's stock valued at $99,557,000 after buying an additional 159,803 shares during the period. JPMorgan Chase & Co. increased its position in LyondellBasell Industries by 3.7% during 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 purchasing an additional 187,150 shares during the period. Quantinno Capital Management LP raised its holdings in shares of LyondellBasell Industries by 23.1% in the 3rd quarter. Quantinno Capital Management LP now owns 61,897 shares of the specialty chemicals company's stock valued at $5,936,000 after purchasing an additional 11,610 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in shares of LyondellBasell Industries by 202.4% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 12,986 shares of the specialty chemicals company's stock valued at $964,000 after purchasing an additional 8,691 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its stake in shares of LyondellBasell Industries by 8.1% during the fourth quarter. Sound Income Strategies LLC now owns 271,626 shares of the specialty chemicals company's stock valued at $20,174,000 after purchasing an additional 20,310 shares in the last quarter. 71.20% of the stock is owned by institutional investors.

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LyondellBasell Industries Stock Performance

LYB traded down $0.11 on Thursday, reaching $70.95. The stock had a trading volume of 3,277,961 shares, compared to its average volume of 2,108,146. The business's 50-day moving average price is $75.73 and its two-hundred day moving average price is $81.46. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. LyondellBasell Industries has a 12-month low of $69.79 and a 12-month high of $107.02. The company has a market cap of $22.95 billion, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 0.97 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly earnings data 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 business earned $1.26 earnings per share. Sell-side analysts forecast that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a dividend of $1.34 per share. The ex-dividend date was Monday, March 10th. This represents a $5.36 annualized dividend and a yield of 7.55%. LyondellBasell Industries's dividend payout ratio (DPR) is presently 129.47%.

Analysts Set New Price Targets

A number of equities analysts recently commented on LYB shares. Piper Sandler reduced their price objective on shares of LyondellBasell Industries from $95.00 to $84.00 and set a "neutral" rating for the company in a research note on Thursday, February 13th. StockNews.com cut LyondellBasell Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Morgan Stanley reduced their target price on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Wells Fargo & Company decreased their price target on shares of LyondellBasell Industries from $95.00 to $90.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Finally, 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 research report on Thursday, December 12th. One equities 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $88.25.

Insider Activity at LyondellBasell Industries

In related news, Director Michael Sean Hanley bought 3,750 shares of the company's stock in a transaction on 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 acquisition, the director now directly owns 16,028 shares in the company, valued at $1,154,817.40. This represents a 30.54 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.11% of the stock is owned by corporate 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.