Huntington National Bank Buys 507 Shares of LyondellBasell Industries (NYSE:LYB)

Huntington National Bank raised its position in shares of LyondellBasell Industries (NYSE:LYB) by 26.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,444 shares of the specialty chemicals company’s stock after purchasing an additional 507 shares during the period. Huntington National Bank’s holdings in LyondellBasell Industries were worth $182,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of LYB. JPMorgan Chase & Co. grew its stake in shares of LyondellBasell Industries by 3.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company’s stock worth $501,501,000 after acquiring an additional 187,150 shares during the period. Quantinno Capital Management LP boosted its holdings in LyondellBasell Industries by 23.1% in the 3rd quarter. Quantinno Capital Management LP now owns 61,897 shares of the specialty chemicals company’s stock worth $5,936,000 after buying an additional 11,610 shares during the period. Fifth Third Wealth Advisors LLC grew its stake in LyondellBasell Industries by 202.4% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 12,986 shares of the specialty chemicals company’s stock valued at $964,000 after buying an additional 8,691 shares in the last quarter. Sound Income Strategies LLC raised its holdings in LyondellBasell Industries by 8.1% during the 4th quarter. Sound Income Strategies LLC now owns 271,626 shares of the specialty chemicals company’s stock valued at $20,174,000 after acquiring an additional 20,310 shares during the period. Finally, Merrion Investment Management Co LLC purchased a new stake in shares of LyondellBasell Industries during the fourth quarter worth $503,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at LyondellBasell Industries

In related news, Director Michael Sean Hanley acquired 3,750 shares of the firm’s stock in a transaction on 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 acquisition, the director now owns 16,028 shares of the company’s stock, valued at $1,154,817.40. This trade represents a 30.54 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.11% of the stock is owned by company insiders.

LyondellBasell Industries Price Performance

Shares of LyondellBasell Industries stock opened at $57.98 on Friday. The firm has a market capitalization of $18.75 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 0.97 and a beta of 0.89. The business’s 50-day moving average price is $74.48 and its 200-day moving average price is $80.23. 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 12 month low of $57.57 and a 12 month high of $107.02.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate 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 previous year, the business earned $1.26 EPS. Sell-side analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 9.24%. The ex-dividend date was Monday, March 10th. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 129.47%.

Analyst Ratings Changes

LYB has been the subject of several recent research reports. Citigroup reduced their price target on LyondellBasell Industries from $75.00 to $66.00 and set a “neutral” rating for the company in a research report on Friday. 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 report on Tuesday, February 4th. Barclays decreased their target price on shares of LyondellBasell Industries from $80.00 to $72.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 1st. Wells Fargo & Company cut their price target on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Friday. Finally, Piper Sandler decreased their price target 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. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $82.33.

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.