Sumitomo Mitsui DS Asset Management Company Ltd Has $3.82 Million Holdings in LyondellBasell Industries (NYSE:LYB)

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 9.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 51,464 shares of the specialty chemicals company's stock after buying an additional 4,322 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in LyondellBasell Industries were worth $3,822,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Leo Wealth LLC raised its position in shares of LyondellBasell Industries by 17.6% during the fourth quarter. Leo Wealth LLC now owns 3,695 shares of the specialty chemicals company's stock worth $294,000 after purchasing an additional 553 shares during the period. Buck Wealth Strategies LLC raised its holdings in LyondellBasell Industries by 88.6% during the 4th quarter. Buck Wealth Strategies LLC now owns 8,111 shares of the specialty chemicals company's stock worth $602,000 after buying an additional 3,810 shares during the period. State of Alaska Department of Revenue raised its holdings in LyondellBasell Industries by 32.7% during the 4th quarter. State of Alaska Department of Revenue now owns 54,624 shares of the specialty chemicals company's stock worth $4,056,000 after buying an additional 13,470 shares during the period. Centennial Wealth Advisory LLC raised its holdings in LyondellBasell Industries by 20.6% during the 4th quarter. Centennial Wealth Advisory LLC now owns 5,042 shares of the specialty chemicals company's stock worth $374,000 after buying an additional 861 shares during the period. Finally, Tyche Wealth Partners LLC raised its holdings in shares of LyondellBasell Industries by 39.1% during the fourth quarter. Tyche Wealth Partners LLC now owns 3,206 shares of the specialty chemicals company's stock worth $238,000 after acquiring an additional 902 shares during the period. Institutional investors and hedge funds own 71.20% of the company's stock.

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 acquired at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the purchase, the director now owns 18,175 shares in the company, valued at approximately $1,382,390.50. This represents a 37.95 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.11% of the stock is owned by insiders.

LyondellBasell Industries Stock Up 0.5 %

LYB traded up $0.38 during trading on Thursday, reaching $76.27. 1,891,741 shares of the stock were exchanged, compared to its average volume of 2,783,953. The stock has a market cap of $24.77 billion, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 0.92 and a beta of 1.05. The stock's 50 day moving average price is $75.61 and its two-hundred day moving average price is $86.06. LyondellBasell Industries has a twelve month low of $72.21 and a twelve month high of $107.02. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share 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 business earned $1.26 EPS. Equities analysts expect that LyondellBasell Industries will post 6.68 EPS for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were issued a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.03%. The ex-dividend date of this dividend was Monday, December 2nd. LyondellBasell Industries's payout ratio is presently 129.47%.

Analysts Set New Price Targets

LYB has been the topic of a number of research analyst reports. Piper Sandler dropped their price objective on shares of LyondellBasell Industries from $95.00 to $84.00 and set a "neutral" rating on the stock in a report on Thursday. Deutsche Bank Aktiengesellschaft dropped their price target on LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating on the stock in a research note on Monday, November 4th. StockNews.com downgraded LyondellBasell Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Mizuho dropped their target price on LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating on the stock in a research report on Monday, December 9th. Finally, The Goldman Sachs Group dropped their target price on LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating on the stock in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, LyondellBasell Industries currently has an average rating of "Hold" and a consensus target price of $88.25.

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.