Russell Investments Group Ltd. Grows Stock Position in LyondellBasell Industries (NYSE:LYB)

Russell Investments Group Ltd. increased its stake in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 18.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 363,874 shares of the specialty chemicals company's stock after purchasing an additional 56,463 shares during the period. Russell Investments Group Ltd. owned approximately 0.11% of LyondellBasell Industries worth $27,007,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Webster Bank N. A. boosted its position in shares of LyondellBasell Industries by 70.4% during the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock worth $26,000 after buying an additional 143 shares during the period. Rosenberg Matthew Hamilton lifted its stake in 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 in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in LyondellBasell Industries during the 4th quarter valued at about $37,000. Pinnacle Bancorp Inc. acquired a new position in LyondellBasell Industries in the 4th quarter valued at about $59,000. Finally, Crews Bank & Trust purchased a new stake in LyondellBasell Industries during the fourth quarter worth about $85,000. Institutional investors and hedge funds own 71.20% of the company's stock.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, Director Michael Sean Hanley purchased 3,750 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $72.05 per share, for a total transaction of $270,187.50. Following the purchase, the director now directly owns 16,028 shares in the company, valued at approximately $1,154,817.40. This trade represents a 30.54 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.11% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $60.00 target price (down from $80.00) on shares of LyondellBasell Industries in a research note on Friday, April 4th. UBS Group reaffirmed a "sell" rating and set a $51.00 price objective (down previously from $76.00) on shares of LyondellBasell Industries in a research report on Monday, April 7th. Barclays decreased their target price on LyondellBasell Industries from $80.00 to $72.00 and set an "equal weight" rating for the company in a report on Tuesday, April 1st. Morgan Stanley cut 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. Finally, Wells Fargo & Company decreased their price objective on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Friday, April 4th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $76.50.

LyondellBasell Industries Stock Up 1.0 %

LyondellBasell Industries stock traded up $0.55 during mid-day trading on Monday, hitting $57.44. The company had a trading volume of 899,653 shares, compared to its average volume of 3,357,757. The business has a fifty day moving average of $71.54 and a 200 day moving average of $78.34. LyondellBasell Industries has a 1 year low of $51.11 and a 1 year high of $107.02. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. The stock has a market cap of $18.58 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 0.97 and a beta of 0.89.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly earnings data 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 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. On average, sell-side analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 9.33%. The ex-dividend date of this dividend was Monday, March 10th. LyondellBasell Industries's payout ratio 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.