Stifel Financial Corp Acquires 19,648 Shares of LyondellBasell Industries (NYSE:LYB)

Stifel Financial Corp increased its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 4.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 420,635 shares of the specialty chemicals company's stock after acquiring an additional 19,648 shares during the period. Stifel Financial Corp owned approximately 0.13% of LyondellBasell Industries worth $31,241,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Dodge & Cox grew its stake in shares of LyondellBasell Industries by 5.3% in the 4th quarter. Dodge & Cox now owns 16,965,832 shares of the specialty chemicals company's stock worth $1,260,052,000 after buying an additional 851,365 shares during the last quarter. Charles Schwab Investment Management Inc. grew 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 worth $637,394,000 after acquiring an additional 558,137 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of LyondellBasell Industries by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 6,804,205 shares of the specialty chemicals company's stock valued at $512,913,000 after acquiring an additional 199,054 shares in the last quarter. Invesco Ltd. raised its position in shares of LyondellBasell Industries by 13.5% in the 4th quarter. Invesco Ltd. now owns 5,826,318 shares of the specialty chemicals company's stock worth $432,721,000 after purchasing an additional 694,055 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in LyondellBasell Industries by 3.7% in 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 in the last quarter. Hedge funds and other institutional investors own 71.20% of the company's stock.

Wall Street Analyst Weigh In

LYB has been the subject of a number of analyst reports. Barclays reduced their price objective on shares of LyondellBasell Industries from $80.00 to $72.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 1st. Piper Sandler decreased their price objective on shares of LyondellBasell Industries from $84.00 to $67.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Morgan Stanley cut their target price on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. Royal Bank of Canada cut LyondellBasell Industries from an "outperform" rating to a "sector perform" rating and set a $62.00 price target for the company. in a research note on Wednesday, April 9th. Finally, Wells Fargo & Company dropped their price objective on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Friday, April 4th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $76.50.

LyondellBasell Industries Stock Down 0.6 %

LYB opened at $57.77 on Thursday. The firm's 50 day simple moving average is $68.41 and its two-hundred day simple moving average is $76.44. The company has a market capitalization of $18.65 billion, a PE ratio of 13.95, a PEG ratio of 0.97 and a beta of 0.89. LyondellBasell Industries has a 1-year low of $51.11 and a 1-year high of $107.02. 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 announced its 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 earned $1.26 earnings per share. As a group, equities analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors 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 dividend on an annualized basis and a dividend yield of 9.28%. LyondellBasell Industries's dividend payout ratio (DPR) is presently 129.47%.

Insider Buying and Selling

In other LyondellBasell Industries news, Director Michael Sean Hanley purchased 3,750 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of $72.05 per share, for a total transaction of $270,187.50. Following the purchase, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.11% of the stock is currently 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.

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