LyondellBasell Industries (NYSE:LYB) Position Lifted by Xponance Inc.

Xponance Inc. raised its stake in shares of LyondellBasell Industries (NYSE:LYB) by 13.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,107 shares of the specialty chemicals company’s stock after acquiring an additional 5,000 shares during the quarter. Xponance Inc.’s holdings in LyondellBasell Industries were worth $3,053,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in LYB. Webster Bank N. A. boosted its stake 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 acquiring an additional 143 shares during the last quarter. Rosenberg Matthew Hamilton boosted its stake in LyondellBasell Industries by 268.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock valued at $30,000 after acquiring an additional 295 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in LyondellBasell Industries during the 4th quarter valued at $37,000. Pinnacle Bancorp Inc. acquired a new stake in shares of LyondellBasell Industries during the fourth quarter worth $59,000. Finally, Brooklyn Investment Group acquired a new stake in shares of LyondellBasell Industries during the third quarter worth $60,000. 71.20% of the stock is currently owned by institutional investors.

Insider Activity at LyondellBasell Industries

In other LyondellBasell Industries news, Director Michael Sean Hanley acquired 3,750 shares of LyondellBasell Industries stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $72.05 per share, for a total transaction of $270,187.50. Following the transaction, the director now owns 16,028 shares in the company, valued at approximately $1,154,817.40. This trade represents a 30.54 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.11% of the stock is currently owned by insiders.

LyondellBasell Industries Stock Performance

Shares of LYB opened at $72.65 on Friday. The firm has a 50-day moving average price of $76.14 and a 200 day moving average price of $82.30. The firm has a market capitalization of $23.50 billion, a PE ratio of 17.55, a P/E/G ratio of 0.97 and a beta of 1.06. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. LyondellBasell Industries has a 52-week low of $71.81 and a 52-week high of $107.02.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results 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 business posted $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 announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a $1.34 dividend. The ex-dividend date was Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a yield of 7.38%. LyondellBasell Industries’s dividend payout ratio is presently 129.47%.

Analyst Ratings Changes

A number of analysts have weighed in on LYB shares. Morgan Stanley dropped their target price on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Royal Bank of Canada increased their target price on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, February 4th. Wells Fargo & Company dropped their target price on shares of LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Piper Sandler dropped their target price on shares of LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. dropped their target price on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, LyondellBasell Industries presently has a consensus rating of “Hold” and an average target price of $88.25.

LyondellBasell Industries 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.