Raymond James Financial Inc. Invests $69.12 Million in LyondellBasell Industries (NYSE:LYB)

Raymond James Financial Inc. acquired a new position in shares of LyondellBasell Industries (NYSE:LYB - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 930,585 shares of the specialty chemicals company's stock, valued at approximately $69,115,000. Raymond James Financial Inc. owned about 0.29% of LyondellBasell Industries as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in shares of LyondellBasell Industries during the 3rd quarter worth $31,000. Webster Bank N. A. lifted its holdings in shares of LyondellBasell Industries by 70.4% during the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock worth $26,000 after acquiring an additional 143 shares during the last quarter. Rosenberg Matthew Hamilton lifted its holdings in shares of LyondellBasell Industries by 268.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company's stock worth $30,000 after acquiring an additional 295 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of LyondellBasell Industries during the 3rd quarter worth $60,000. Finally, Pinnacle Bancorp Inc. bought a new stake in shares of LyondellBasell Industries during the 4th quarter worth $59,000. 71.20% of the stock is owned by institutional investors.

Insider Activity at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan purchased 5,000 shares of LyondellBasell Industries stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average price of $76.06 per share, for a total transaction 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 represents a 37.95 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.11% of the stock is owned by corporate insiders.

LyondellBasell Industries Price Performance

LYB stock opened at $77.53 on Monday. The firm's 50-day moving average price is $76.04 and its two-hundred day moving average price is $83.59. LyondellBasell Industries has a 12-month low of $72.21 and a 12-month high of $107.02. The stock has a market capitalization of $25.08 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 0.97 and a beta of 1.06. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84.

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LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (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 previous year, the firm posted $1.26 EPS. As a group, equities analysts predict that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 6.91%. The ex-dividend date of this dividend is Monday, March 10th. LyondellBasell Industries's dividend payout ratio is currently 129.47%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Royal Bank of Canada lifted their target price on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 4th. Morgan Stanley decreased their target price on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Barclays decreased their target price on shares of LyondellBasell Industries from $90.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Monday, February 3rd. UBS Group decreased their target price on shares of LyondellBasell Industries from $77.00 to $76.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. Finally, Wells Fargo & Company decreased their target price on shares of LyondellBasell Industries from $95.00 to $90.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, LyondellBasell Industries has an average rating of "Hold" and an average target price of $88.25.

About LyondellBasell Industries

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.

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