NINE MASTS CAPITAL Ltd Purchases New Holdings in LyondellBasell Industries (NYSE:LYB)

NINE MASTS CAPITAL Ltd bought a new stake in shares of LyondellBasell Industries (NYSE:LYB - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 5,725 shares of the specialty chemicals company's stock, valued at approximately $425,000.

Other hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its holdings in LyondellBasell Industries by 74.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,789 shares of the specialty chemicals company's stock valued at $747,000 after buying an additional 3,323 shares during the period. Prossimo Advisors LLC raised its stake in shares of LyondellBasell Industries by 4.7% in the third quarter. Prossimo Advisors LLC now owns 4,385 shares of the specialty chemicals company's stock valued at $421,000 after acquiring an additional 195 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of LyondellBasell Industries by 0.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 113,650 shares of the specialty chemicals company's stock worth $10,899,000 after acquiring an additional 983 shares in the last quarter. Confluence Wealth Services Inc. increased its holdings in LyondellBasell Industries by 7.2% during the 3rd quarter. Confluence Wealth Services Inc. now owns 9,811 shares of the specialty chemicals company's stock valued at $941,000 after purchasing an additional 659 shares in the last quarter. Finally, Westbourne Investment Advisors Inc. grew its holdings in shares of LyondellBasell Industries by 2.2% during the third quarter. Westbourne Investment Advisors Inc. now owns 50,256 shares of the specialty chemicals company's stock worth $4,820,000 after purchasing an additional 1,087 shares during the last quarter. 71.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In other LyondellBasell Industries news, Director Robin W.T. Buchanan bought 5,000 shares of LyondellBasell Industries stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average price of $76.06 per share, for a total transaction 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 position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.11% of the stock is owned by corporate insiders.

LyondellBasell Industries Stock Up 2.6 %

LYB stock traded up $1.91 during mid-day trading on Wednesday, hitting $75.38. 588,537 shares of the company were exchanged, compared to its average volume of 2,050,282. The firm has a market cap of $24.48 billion, a P/E ratio of 18.22, a P/E/G ratio of 0.97 and a beta of 1.05. LyondellBasell Industries has a 1-year low of $72.21 and a 1-year high of $107.02. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. The firm's 50 day simple moving average is $75.90 and its 200 day simple moving average is $84.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted 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 quarter in the prior year, the firm earned $1.26 earnings per share. On average, sell-side analysts predict that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be given a dividend of $1.34 per share. The ex-dividend date is Monday, March 10th. This represents a $5.36 annualized dividend and a dividend yield of 7.11%. LyondellBasell Industries's dividend payout ratio is currently 129.47%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Royal Bank of Canada lifted their price target on LyondellBasell Industries from $82.00 to $90.00 and gave the company an "outperform" rating in a report on Tuesday, February 4th. StockNews.com cut shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Piper Sandler cut their price target on LyondellBasell Industries from $95.00 to $84.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Wells Fargo & Company decreased their price objective on LyondellBasell Industries from $95.00 to $90.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Finally, Barclays cut their target price on LyondellBasell Industries from $90.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average 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.