Twin Capital Management Inc. Purchases 5,242 Shares of LyondellBasell Industries (NYSE:LYB)

Twin Capital Management Inc. lifted its position in LyondellBasell Industries (NYSE:LYB - Free Report) by 113.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,867 shares of the specialty chemicals company's stock after purchasing an additional 5,242 shares during the quarter. Twin Capital Management Inc.'s holdings in LyondellBasell Industries were worth $733,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Webster Bank N. A. raised its stake 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 valued at $26,000 after buying an additional 143 shares in the last quarter. Rosenberg Matthew Hamilton raised its position in LyondellBasell Industries by 268.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company's stock worth $30,000 after purchasing an additional 295 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in LyondellBasell Industries during the fourth quarter worth about $37,000. Pinnacle Bancorp Inc. acquired a new stake in LyondellBasell Industries during the fourth quarter valued at approximately $59,000. Finally, Crews Bank & Trust bought a new stake in shares of LyondellBasell Industries in the 4th quarter valued at approximately $85,000. 71.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on LYB shares. Royal Bank of Canada lowered LyondellBasell Industries from an "outperform" rating to a "sector perform" rating and set a $62.00 price target on the stock. in a research note on Wednesday. StockNews.com lowered shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a report on Wednesday, January 8th. Barclays cut their price target on shares of LyondellBasell Industries from $80.00 to $72.00 and set an "equal weight" rating for the company in a report on Tuesday, April 1st. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $60.00 price objective (down from $80.00) on shares of LyondellBasell Industries in a research note on Friday, April 4th. Finally, Piper Sandler cut their target price on shares of LyondellBasell Industries from $84.00 to $67.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, LyondellBasell Industries presently has an average rating of "Hold" and a consensus price target of $76.50.

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LyondellBasell Industries Trading Up 4.8 %

Shares of NYSE LYB traded up $2.62 during mid-day trading on Friday, hitting $56.96. The company's stock had a trading volume of 5,782,137 shares, compared to its average volume of 2,414,260. LyondellBasell Industries has a one year low of $51.11 and a one year high of $107.02. The company's fifty day simple moving average is $71.54 and its 200-day simple moving average is $78.34. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. The stock has a market cap of $18.42 billion, a price-to-earnings ratio of 13.76, a price-to-earnings-growth ratio of 0.97 and a beta of 0.89.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 quarter in the prior year, the firm earned $1.26 earnings per share. On average, sell-side analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

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 of this dividend was Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 9.41%. LyondellBasell Industries's dividend payout ratio (DPR) is presently 129.47%.

Insider Activity at LyondellBasell Industries

In related news, Director Michael Sean Hanley purchased 3,750 shares of the stock in a transaction dated Wednesday, March 12th. The stock was bought at an average cost of $72.05 per share, with a total value of $270,187.50. Following the purchase, the director now directly owns 16,028 shares in the company, valued at $1,154,817.40. The trade was a 30.54 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.11% of the stock is currently owned by corporate 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.