LyondellBasell Industries (NYSE:LYB) Shares Bought by Twelve Points Wealth Management LLC

Twelve Points Wealth Management LLC boosted its position in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 70.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,265 shares of the specialty chemicals company's stock after buying an additional 14,605 shares during the period. LyondellBasell Industries makes up about 0.8% of Twelve Points Wealth Management LLC's portfolio, making the stock its 29th biggest holding. Twelve Points Wealth Management LLC's holdings in LyondellBasell Industries were worth $2,619,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in LYB. Rockland Trust Co. lifted its holdings in shares of LyondellBasell Industries by 0.9% in the 3rd quarter. Rockland Trust Co. now owns 13,070 shares of the specialty chemicals company's stock worth $1,253,000 after acquiring an additional 112 shares during the last quarter. Petredis Investment Advisors LLC grew its holdings in 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 valued at $2,215,000 after purchasing an additional 116 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in LyondellBasell Industries by 25.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the specialty chemicals company's stock valued at $58,000 after purchasing an additional 122 shares during the last quarter. Castleview Partners LLC grew its holdings in LyondellBasell Industries by 7.2% during the 3rd quarter. Castleview Partners LLC now owns 2,023 shares of the specialty chemicals company's stock valued at $194,000 after purchasing an additional 136 shares during the last quarter. Finally, Webster Bank N. A. grew its holdings in LyondellBasell Industries by 70.4% during the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock valued at $26,000 after purchasing an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company's stock.

Analysts Set New Price Targets

LYB has been the topic of several analyst reports. Piper Sandler reiterated a "neutral" rating and set a $95.00 price target (down from $112.00) on shares of LyondellBasell Industries in a report on Tuesday, January 7th. Morgan Stanley cut their price target on shares of LyondellBasell Industries from $110.00 to $90.00 and set an "overweight" rating on the stock in a report on Monday, January 13th. Mizuho dropped their target price on shares of LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating on the stock in a research note on Monday, December 9th. Royal Bank of Canada dropped their target price on shares of LyondellBasell Industries from $104.00 to $92.00 and set an "outperform" rating on the stock in a research note on Thursday, December 19th. Finally, Barclays dropped their target price on shares of LyondellBasell Industries from $99.00 to $95.00 and set an "equal weight" rating on the stock in a research note on Monday, November 4th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $94.33.

Insiders Place Their Bets

In related news, Director Robin W.T. Buchanan purchased 5,000 shares of the firm's stock in a transaction on Friday, December 13th. The stock was acquired at an average price of $76.06 per share, with a total value of $380,300.00. Following the completion of the acquisition, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.11% of the company's stock.

LyondellBasell Industries Stock Down 0.6 %

NYSE:LYB traded down $0.46 during midday trading on Wednesday, reaching $77.85. 1,041,423 shares of the stock traded hands, compared to its average volume of 2,538,158. LyondellBasell Industries has a 12-month low of $72.21 and a 12-month high of $107.02. The business has a 50-day moving average of $76.85 and a two-hundred day moving average of $87.56. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13. The stock has a market capitalization of $25.28 billion, a PE ratio of 11.86, a price-to-earnings-growth ratio of 5.07 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing analysts' consensus estimates of $1.98 by ($0.10). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The firm had revenue of $10.33 billion for the quarter, compared to analysts' expectations of $10.60 billion. During the same period in the previous year, the company earned $2.46 EPS. The company's revenue was down 2.8% on a year-over-year basis. On average, equities analysts forecast that LyondellBasell Industries will post 6.48 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a $1.34 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.88%. LyondellBasell Industries's dividend payout ratio is currently 81.58%.

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.