Trajan Wealth LLC Purchases 8,884 Shares of LyondellBasell Industries (NYSE:LYB)

Trajan Wealth LLC grew its position in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 19.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,409 shares of the specialty chemicals company's stock after purchasing an additional 8,884 shares during the period. Trajan Wealth LLC's holdings in LyondellBasell Industries were worth $4,041,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in LYB. Webster Bank N. A. increased its position in shares of LyondellBasell Industries by 70.4% in 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. Rosenberg Matthew Hamilton grew its position in shares of LyondellBasell Industries by 268.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company's stock worth $30,000 after acquiring an additional 295 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of LyondellBasell Industries in the 4th quarter valued at approximately $37,000. Covestor Ltd raised its position in shares of LyondellBasell Industries by 107.6% during the 4th quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company's stock valued at $41,000 after acquiring an additional 284 shares in the last quarter. Finally, Pinnacle Bancorp Inc. bought a new stake in LyondellBasell Industries during the fourth quarter valued at $59,000. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at LyondellBasell Industries

In related news, Director Michael Sean Hanley purchased 3,750 shares of the 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 completion of the transaction, the director now directly owns 16,028 shares of the company's stock, valued at approximately $1,154,817.40. The trade was a 30.54 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is currently owned by insiders.

Analysts Set New Price Targets

LYB has been the subject of a number of analyst reports. Morgan Stanley reduced their price objective on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Barclays cut their price objective on shares of LyondellBasell Industries from $80.00 to $72.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 1st. Citigroup dropped their price target on shares of LyondellBasell Industries from $75.00 to $66.00 and set a "neutral" rating on the stock in a research note on Friday, April 4th. UBS Group reiterated a "sell" rating and set a $51.00 price objective (down from $76.00) on shares of LyondellBasell Industries in a research report on Monday, April 7th. Finally, Piper Sandler cut their target price on LyondellBasell Industries from $84.00 to $67.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $76.50.

LyondellBasell Industries Stock Performance

LYB stock traded down $0.37 during mid-day trading on Wednesday, reaching $57.77. 3,627,278 shares of the stock traded hands, compared to its average volume of 2,479,961. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. The business has a 50-day moving average of $68.79 and a two-hundred day moving average of $76.57. The firm has a market capitalization of $18.65 billion, a PE ratio of 13.95, a P/E/G ratio of 0.97 and a beta of 0.89. LyondellBasell Industries has a 52 week low of $51.11 and a 52 week high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing the consensus estimate 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 period last year, the firm posted $1.26 earnings per share. As a group, equities analysts predict that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 9.28%. The ex-dividend date of this dividend was Monday, March 10th. LyondellBasell Industries's payout ratio is 129.47%.

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.