WCM Investment Management LLC Acquires Shares of 35,431 LyondellBasell Industries (NYSE:LYB)

WCM Investment Management LLC acquired a new stake in shares of LyondellBasell Industries (NYSE:LYB - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 35,431 shares of the specialty chemicals company's stock, valued at approximately $2,593,000.

Several other hedge funds also recently bought and sold shares of the company. CVA Family Office LLC grew its stake in LyondellBasell Industries by 155.9% in the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company's stock worth $25,000 after buying an additional 159 shares in the last quarter. Webster Bank N. A. grew its stake in 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 buying an additional 143 shares in the last quarter. Rosenberg Matthew Hamilton grew its stake in 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 buying an additional 295 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in LyondellBasell Industries in the 3rd quarter worth approximately $31,000. Finally, Fortitude Family Office LLC boosted its stake in shares of LyondellBasell Industries by 162.0% in the 3rd quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company's stock valued at $45,000 after purchasing an additional 290 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company's stock.

LyondellBasell Industries Trading Up 0.7 %

NYSE LYB traded up $0.50 during trading on Friday, hitting $76.74. The company had a trading volume of 1,481,277 shares, compared to its average volume of 2,740,532. 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 has a one year low of $72.21 and a one year high of $107.02. The company has a market cap of $24.92 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 0.92 and a beta of 1.05. The company's fifty day moving average is $75.59 and its 200-day moving average is $86.00.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly earnings data 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 return on equity of 15.97% and a net margin of 3.39%. During the same quarter in the prior year, the business earned $1.26 earnings per share. On average, sell-side analysts predict that LyondellBasell Industries will post 6.68 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently disclosed 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 was Monday, December 2nd. This represents a $5.36 annualized dividend and a yield of 6.98%. LyondellBasell Industries's dividend payout ratio (DPR) is presently 129.47%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LYB. Barclays cut their price objective on shares of LyondellBasell Industries from $90.00 to $80.00 and set an "equal weight" rating for the company in a research note on Monday, February 3rd. Wells Fargo & Company cut their price objective on shares of LyondellBasell Industries from $95.00 to $90.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Morgan Stanley cut their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. JPMorgan Chase & Co. cut their price objective on shares of LyondellBasell Industries from $90.00 to $80.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Finally, StockNews.com cut shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Two research 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. Based on data from MarketBeat.com, LyondellBasell Industries has a consensus rating of "Hold" and an average price target of $88.25.

Insiders Place Their Bets

In other LyondellBasell Industries 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 stock was bought at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the purchase, the director now directly owns 18,175 shares in the company, valued at $1,382,390.50. The trade was a 37.95 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.11% of the company's stock.

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.