XTX Topco Ltd Makes New Investment in LyondellBasell Industries (NYSE:LYB)

XTX Topco Ltd bought a new position in LyondellBasell Industries (NYSE:LYB - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 25,962 shares of the specialty chemicals company's stock, valued at approximately $1,928,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Webster Bank N. A. increased its position 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 worth $26,000 after purchasing an additional 143 shares in the last quarter. Cairn Investment Group Inc. lifted its holdings in shares of LyondellBasell Industries by 0.4% during the 4th quarter. Cairn Investment Group Inc. now owns 42,147 shares of the specialty chemicals company's stock valued at $3,130,000 after acquiring an additional 155 shares in the last quarter. Alliance Wealth Advisors LLC UT increased its holdings in LyondellBasell Industries by 5.2% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 3,608 shares of the specialty chemicals company's stock valued at $268,000 after purchasing an additional 177 shares in the last quarter. Y.D. More Investments Ltd grew its position in LyondellBasell Industries by 14.9% in the fourth quarter. Y.D. More Investments Ltd now owns 1,497 shares of the specialty chemicals company's stock valued at $111,000 after acquiring an additional 194 shares in the last quarter. Finally, Caprock Group LLC lifted its position in shares of LyondellBasell Industries by 5.8% during the fourth quarter. Caprock Group LLC now owns 4,008 shares of the specialty chemicals company's stock worth $298,000 after purchasing an additional 220 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company's stock.

Insider Buying and Selling at LyondellBasell Industries

In other news, Director Michael Sean Hanley acquired 3,750 shares of LyondellBasell Industries stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the completion of the purchase, the director now owns 16,028 shares of the company's stock, valued at $1,154,817.40. This represents a 30.54 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.11% of the company's stock.

Analyst Upgrades and Downgrades

LYB has been the topic of several analyst reports. UBS Group restated a "sell" rating and set a $51.00 price objective (down from $76.00) on shares of LyondellBasell Industries in a report on Monday, April 7th. Royal Bank of Canada lowered shares of LyondellBasell Industries from an "outperform" rating to a "sector perform" rating and set a $62.00 price target for the company. in a research note on Wednesday, April 9th. Citigroup decreased their price objective on shares of LyondellBasell Industries from $75.00 to $66.00 and set a "neutral" rating for the company in a report on Friday, April 4th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $60.00 target price (down previously from $80.00) on shares of LyondellBasell Industries in a research note on Friday, April 4th. Finally, StockNews.com downgraded 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, ten have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $76.50.

LyondellBasell Industries Price Performance

Shares of NYSE:LYB traded up $0.81 on Friday, reaching $56.75. 4,039,552 shares of the company traded hands, compared to its average volume of 2,455,289. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. LyondellBasell Industries has a fifty-two week low of $51.11 and a fifty-two week high of $107.02. The stock has a market capitalization of $18.32 billion, a PE ratio of 13.71, a P/E/G ratio of 0.97 and a beta of 0.89. The company's 50 day moving average is $69.54 and its 200-day moving average is $77.23.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing analysts' consensus estimates 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 last year, the business posted $1.26 earnings per share. As a group, 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 given a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 9.44%. The ex-dividend date of this dividend was Monday, March 10th. LyondellBasell Industries's payout ratio is presently 129.47%.

LyondellBasell Industries Company Profile

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.