Savant Capital LLC Increases Holdings in LyondellBasell Industries (NYSE:LYB)

Savant Capital LLC grew its position in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 100.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,721 shares of the specialty chemicals company's stock after purchasing an additional 7,866 shares during the period. Savant Capital LLC's holdings in LyondellBasell Industries were worth $1,168,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in LYB. HighTower Advisors LLC increased its holdings in LyondellBasell Industries by 18.2% in 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 last quarter. JPMorgan Chase & Co. increased its holdings in LyondellBasell Industries by 3.7% in the third quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company's stock valued at $501,501,000 after buying an additional 187,150 shares during the last quarter. Quantinno Capital Management LP increased its holdings in LyondellBasell Industries by 23.1% in the third quarter. Quantinno Capital Management LP now owns 61,897 shares of the specialty chemicals company's stock valued at $5,936,000 after buying an additional 11,610 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in LyondellBasell Industries by 202.4% in 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 buying an additional 8,691 shares during the last quarter. Finally, Sound Income Strategies LLC increased its holdings in LyondellBasell Industries by 8.1% in 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 buying an additional 20,310 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LYB has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their target price on LyondellBasell Industries from $90.00 to $80.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. Morgan Stanley dropped their target price on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. Mizuho dropped their price objective on LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating on the stock in a report on Monday, December 9th. The Goldman Sachs Group dropped their price objective on LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating on the stock in a report on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating on the stock in a report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, LyondellBasell Industries currently has a consensus rating of "Hold" and an average target price of $88.25.

LyondellBasell Industries Stock Performance

NYSE:LYB traded up $1.39 during mid-day trading on Tuesday, reaching $78.09. The stock had a trading volume of 663,955 shares, compared to its average volume of 2,670,256. 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 has a market capitalization of $25.36 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 0.92 and a beta of 1.05. LyondellBasell Industries has a twelve month low of $72.21 and a twelve month high of $107.02. The business has a 50 day simple moving average of $75.58 and a 200 day simple moving average of $85.52.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing analysts' consensus estimates 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 last year, the company posted $1.26 earnings per share. On average, analysts expect that LyondellBasell Industries will post 6.68 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were given a $1.34 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a yield of 6.86%. LyondellBasell Industries's payout ratio is currently 129.47%.

Insider Activity at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan purchased 5,000 shares of the firm's stock in a transaction dated Friday, December 13th. The shares were acquired at an average price of $76.06 per share, with a total value of $380,300.00. Following the purchase, the director now directly owns 18,175 shares of the company's stock, valued at $1,382,390.50. The trade was a 37.95 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.11% of the stock is owned by insiders.

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.