Sciencast Management LP Makes New $994,000 Investment in LyondellBasell Industries (NYSE:LYB)

Sciencast Management LP acquired a new stake in LyondellBasell Industries (NYSE:LYB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,385 shares of the specialty chemicals company's stock, valued at approximately $994,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Amundi increased its stake in LyondellBasell Industries by 48.6% during the fourth quarter. Amundi now owns 3,858,033 shares of the specialty chemicals company's stock valued at $283,452,000 after acquiring an additional 1,260,913 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of LyondellBasell Industries during the 4th quarter worth approximately $69,115,000. Jacobs Levy Equity Management Inc. increased its position in shares of LyondellBasell Industries by 211.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,283,163 shares of the specialty chemicals company's stock valued at $123,055,000 after purchasing an additional 871,708 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of LyondellBasell Industries by 7.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,582,119 shares of the specialty chemicals company's stock valued at $637,394,000 after purchasing an additional 558,137 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in LyondellBasell Industries by 11.4% in the third quarter. Franklin Resources Inc. now owns 2,875,267 shares of the specialty chemicals company's stock worth $268,664,000 after purchasing an additional 293,622 shares during the period. Institutional investors and hedge funds own 71.20% of the company's stock.

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LyondellBasell Industries Price Performance

LyondellBasell Industries stock traded down $0.11 on Thursday, reaching $70.95. The company's stock had a trading volume of 3,277,961 shares, compared to its average volume of 2,108,805. The business's fifty day moving average price is $75.85 and its 200 day moving average price is $81.53. 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 company has a market cap of $22.95 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 0.97 and a beta of 1.06. LyondellBasell Industries has a twelve month low of $69.62 and a twelve month high of $107.02.

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 (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 quarter last year, the company posted $1.26 EPS. Equities analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a dividend of $1.34 per share. The ex-dividend date was Monday, March 10th. This represents a $5.36 annualized dividend and a dividend yield of 7.55%. LyondellBasell Industries's dividend payout ratio (DPR) is currently 129.47%.

Insider Activity at LyondellBasell Industries

In other news, Director Michael Sean Hanley acquired 3,750 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the transaction, the director now owns 16,028 shares of the company's stock, valued at approximately $1,154,817.40. This represents a 30.54 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.11% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on LYB shares. Wells Fargo & Company lowered their price target on shares of LyondellBasell Industries from $95.00 to $90.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Morgan Stanley dropped their price target on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. The Goldman Sachs Group cut their price target on shares of LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating for the company in a research note on Thursday, December 12th. JPMorgan Chase & Co. lowered their price objective on LyondellBasell Industries from $90.00 to $80.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. Finally, Piper Sandler cut their target price on LyondellBasell Industries from $95.00 to $84.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus 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.