LyondellBasell Industries (NYSE:LYB) Shares Bought by Investors Research Corp

Investors Research Corp boosted its holdings in LyondellBasell Industries (NYSE:LYB) by 63.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,575 shares of the specialty chemicals company’s stock after purchasing an additional 6,050 shares during the quarter. Investors Research Corp’s holdings in LyondellBasell Industries were worth $1,157,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Principal Financial Group Inc. increased its holdings in shares of LyondellBasell Industries by 6.3% in the 3rd quarter. Principal Financial Group Inc. now owns 307,496 shares of the specialty chemicals company’s stock valued at $29,489,000 after purchasing an additional 18,311 shares in the last quarter. Verdence Capital Advisors LLC raised its stake in shares of LyondellBasell Industries by 5.8% during the third quarter. Verdence Capital Advisors LLC now owns 14,707 shares of the specialty chemicals company’s stock valued at $1,410,000 after purchasing an additional 802 shares during the period. Assetmark Inc. grew its position in shares of LyondellBasell Industries by 17.1% during the third quarter. Assetmark Inc. now owns 26,388 shares of the specialty chemicals company’s stock worth $2,531,000 after buying an additional 3,863 shares in the last quarter. Atria Investments Inc boosted its holdings in shares of LyondellBasell Industries by 0.8% during the third quarter. Atria Investments Inc now owns 47,792 shares of the specialty chemicals company’s stock valued at $4,583,000 after acquiring an additional 399 shares during the period. Finally, Arrow Financial Corp raised its stake in shares of LyondellBasell Industries by 4.4% during the third quarter. Arrow Financial Corp now owns 11,622 shares of the specialty chemicals company’s stock valued at $1,115,000 after purchasing an additional 492 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Up 2.1 %

LYB stock opened at $77.53 on Monday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. The business’s 50 day moving average price is $76.04 and its two-hundred day moving average price is $83.59. LyondellBasell Industries has a fifty-two week low of $72.21 and a fifty-two week high of $107.02. The company has a market capitalization of $25.08 billion, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 0.97 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB) last posted 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 period in the previous year, the business earned $1.26 earnings per share. As a group, analysts forecast that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be given a dividend of $1.34 per share. The ex-dividend date is Monday, March 10th. This represents a $5.36 annualized dividend and a yield of 6.91%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 129.47%.

Insider Activity at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan bought 5,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were acquired at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the transaction, the director now directly owns 18,175 shares in the company, valued at $1,382,390.50. This trade represents a 37.95 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.11% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have weighed in on LYB. JPMorgan Chase & Co. lowered their target price on LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Wells Fargo & Company decreased their target price on LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Mizuho lowered their price objective on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. Piper Sandler cut their price objective on LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Finally, The Goldman Sachs Group lowered their price target on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus 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.