Wilmington Savings Fund Society FSB Acquires New Position in LyondellBasell Industries (NYSE:LYB)

Wilmington Savings Fund Society FSB purchased a new position in LyondellBasell Industries (NYSE:LYB - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,860 shares of the specialty chemicals company's stock, valued at approximately $658,000.

Several other institutional investors and hedge funds have also made changes to their positions in LYB. CVA Family Office LLC boosted its position in LyondellBasell Industries by 155.9% during the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company's stock worth $25,000 after acquiring an additional 159 shares during the last quarter. Matrix Trust Co acquired a new stake in shares of LyondellBasell Industries during the third quarter worth $30,000. Blue Trust Inc. grew its position in shares of LyondellBasell Industries by 311.0% in the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company's stock valued at $31,000 after purchasing an additional 227 shares during the period. Ashton Thomas Securities LLC acquired a new position in LyondellBasell Industries in the third quarter valued at $31,000. Finally, Independence Bank of Kentucky lifted its position in LyondellBasell Industries by 125.6% during the second quarter. Independence Bank of Kentucky now owns 388 shares of the specialty chemicals company's stock worth $37,000 after buying an additional 216 shares during the period. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LYB has been the subject of a number of research analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of LyondellBasell Industries from $100.00 to $90.00 and set an "overweight" rating for the company in a research note on Friday, December 6th. Barclays dropped their price target on shares of LyondellBasell Industries from $99.00 to $95.00 and set an "equal weight" rating for the company in a research report on Monday, November 4th. StockNews.com raised shares of LyondellBasell Industries from a "hold" rating to a "buy" rating in a research note on Saturday, November 30th. Royal Bank of Canada dropped their price objective on LyondellBasell Industries from $110.00 to $104.00 and set an "outperform" rating for the company in a report on Monday, November 4th. Finally, Piper Sandler lowered their price target on LyondellBasell Industries from $117.00 to $112.00 and set an "overweight" rating for the company in a research report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $97.36.

LyondellBasell Industries Stock Down 1.3 %

Shares of NYSE:LYB traded down $0.99 during mid-day trading on Monday, hitting $74.68. 3,094,171 shares of the company traded hands, compared to its average volume of 1,977,967. The firm's 50 day simple moving average is $85.32 and its 200 day simple moving average is $92.13. The firm has a market cap of $24.25 billion, a P/E ratio of 11.52, a PEG ratio of 2.16 and a beta of 1.05. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13. LyondellBasell Industries has a 52-week low of $74.60 and a 52-week high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.98 by ($0.10). The firm had revenue of $10.33 billion for the quarter, compared to analysts' expectations of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The company's revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.46 EPS. On average, equities analysts anticipate that LyondellBasell Industries will post 7.02 EPS for the current year.

LyondellBasell Industries Announces Dividend

The company 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 of this dividend was Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a yield of 7.18%. LyondellBasell Industries's dividend payout ratio is currently 81.58%.

Insider Buying and Selling at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan purchased 5,000 shares of the company's stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.