Stephens Inc. AR Has $1.21 Million Holdings in LyondellBasell Industries (NYSE:LYB)

Stephens Inc. AR decreased its stake in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 82.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,221 shares of the specialty chemicals company's stock after selling 74,250 shares during the quarter. Stephens Inc. AR's holdings in LyondellBasell Industries were worth $1,205,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Petredis Investment Advisors LLC increased its position in shares of LyondellBasell Industries by 0.5% during the 3rd quarter. Petredis Investment Advisors LLC now owns 23,100 shares of the specialty chemicals company's stock worth $2,215,000 after purchasing an additional 116 shares during the last quarter. Castleview Partners LLC increased its position in shares of LyondellBasell Industries by 7.2% during the 3rd quarter. Castleview Partners LLC now owns 2,023 shares of the specialty chemicals company's stock worth $194,000 after purchasing an additional 136 shares during the last quarter. Webster Bank N. A. increased its position 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 purchasing an additional 143 shares during the last quarter. Cairn Investment Group Inc. increased its position in shares of LyondellBasell Industries by 0.4% during the 4th quarter. Cairn Investment Group Inc. now owns 42,147 shares of the specialty chemicals company's stock worth $3,130,000 after purchasing an additional 155 shares during the last quarter. Finally, Raymond James Trust N.A. increased its position in shares of LyondellBasell Industries by 1.0% during the 3rd quarter. Raymond James Trust N.A. now owns 17,483 shares of the specialty chemicals company's stock worth $1,677,000 after purchasing an additional 173 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on LYB shares. Deutsche Bank Aktiengesellschaft decreased their target price on LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating on the stock in a report on Monday, November 4th. UBS Group decreased their target price on LyondellBasell Industries from $77.00 to $76.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Barclays decreased their target price on LyondellBasell Industries from $90.00 to $80.00 and set an "equal weight" rating on the stock in a report on Monday, February 3rd. Mizuho decreased their target price on LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating on the stock in a report on Monday, December 9th. Finally, Piper Sandler decreased their target price on LyondellBasell Industries from $95.00 to $84.00 and set a "neutral" rating on the stock in a report on Thursday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $88.25.

LyondellBasell Industries Stock Performance

LYB stock traded up $0.50 during trading hours on Friday, hitting $76.74. 1,481,277 shares of the stock were exchanged, compared to its average volume of 2,739,539. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $24.92 billion, a P/E ratio of 18.54, a P/E/G ratio of 0.92 and a beta of 1.05. The company has a 50-day simple moving average of $75.60 and a two-hundred day simple moving average of $85.77. LyondellBasell Industries has a 12 month low of $72.21 and a 12 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 EPS 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 prior year, the firm posted $1.26 earnings per share. On average, analysts forecast that LyondellBasell Industries will post 6.68 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, December 9th. Investors of record on Monday, December 2nd were given a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.98%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries's payout ratio is currently 129.47%.

Insider Buying and Selling

In related news, Director Robin W.T. Buchanan purchased 5,000 shares of the firm's 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 owns 18,175 shares of the company's stock, valued at approximately $1,382,390.50. This trade represents a 37.95 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. 0.11% of the stock is owned by company insiders.

LyondellBasell Industries Company 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.