LyondellBasell Industries (NYSE:LYB) Shares Purchased by Retirement Planning Co of New England Inc.

Retirement Planning Co of New England Inc. grew its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 141.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,054 shares of the specialty chemicals company's stock after purchasing an additional 3,549 shares during the period. Retirement Planning Co of New England Inc.'s holdings in LyondellBasell Industries were worth $450,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC increased its position in LyondellBasell Industries by 18.2% during the 3rd quarter. HighTower Advisors LLC now owns 1,038,687 shares of the specialty chemicals company's stock worth $99,557,000 after purchasing 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 worth $501,501,000 after purchasing an additional 187,150 shares during the period. Quantinno Capital Management LP grew 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 worth $5,936,000 after acquiring an additional 11,610 shares during the period. Fifth Third Wealth Advisors LLC grew its holdings in shares of LyondellBasell Industries by 202.4% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 12,986 shares of the specialty chemicals company's stock worth $964,000 after acquiring an additional 8,691 shares during the period. Finally, Sound Income Strategies LLC grew its holdings in shares of LyondellBasell Industries by 8.1% in the 4th quarter. Sound Income Strategies LLC now owns 271,626 shares of the specialty chemicals company's stock worth $20,174,000 after acquiring an additional 20,310 shares during the period. Institutional investors and hedge funds own 71.20% of the company's stock.

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Insider Buying and Selling

In other news, Director Michael Sean Hanley bought 3,750 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $72.05 per share, with a total value of $270,187.50. Following the transaction, the director now owns 16,028 shares of the company's stock, valued at $1,154,817.40. This represents a 30.54 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on LYB shares. JPMorgan Chase & Co. lowered their price target on LyondellBasell Industries from $90.00 to $80.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. Royal Bank of Canada upped their price target on LyondellBasell Industries from $82.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, February 4th. Mizuho lowered their price target on LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating on the stock in a report on Monday, December 9th. StockNews.com cut LyondellBasell Industries from a "buy" rating to a "hold" rating in a report on Wednesday, January 8th. Finally, Morgan Stanley lowered their price target on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, LyondellBasell Industries has an average rating of "Hold" and a consensus target price of $88.25.

LyondellBasell Industries Trading Down 1.5 %

Shares of LyondellBasell Industries stock traded down $1.12 during trading hours on Friday, reaching $71.57. 12,985,497 shares of the company's stock were exchanged, compared to its average volume of 2,087,732. LyondellBasell Industries has a 52-week low of $70.75 and a 52-week high of $107.02. The firm has a market capitalization of $23.15 billion, a price-to-earnings ratio of 17.29, a price-to-earnings-growth ratio of 0.97 and a beta of 1.06. The company has a fifty day moving average of $76.12 and a 200-day moving average of $82.11. 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 (NYSE:LYB - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing analysts' consensus estimates of $1.28 by ($0.53). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. During the same period in the previous year, the business posted $1.26 EPS. Sell-side analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 7.49%. The ex-dividend date was Monday, March 10th. LyondellBasell Industries's dividend payout ratio (DPR) is currently 129.47%.

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.