Capital International Investors Buys 1,018 Shares of LyondellBasell Industries (NYSE:LYB)

Capital International Investors lifted its stake in shares of LyondellBasell Industries (NYSE:LYB) by 0.0% during the fourth quarter, HoldingsChannel reports. The firm owned 2,782,825 shares of the specialty chemicals company’s stock after acquiring an additional 1,018 shares during the quarter. Capital International Investors’ holdings in LyondellBasell Industries were worth $206,680,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of LyondellBasell Industries by 3.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company’s stock valued at $501,501,000 after purchasing an additional 187,150 shares during the period. Fifth Third Wealth Advisors LLC boosted its stake in shares of LyondellBasell Industries by 202.4% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 12,986 shares of the specialty chemicals company’s stock worth $964,000 after acquiring an additional 8,691 shares during the period. Sound Income Strategies LLC increased its holdings in shares of 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 worth $20,174,000 after acquiring an additional 20,310 shares during the last quarter. Merrion Investment Management Co LLC bought a new stake in LyondellBasell Industries in the 4th quarter valued at $503,000. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in LyondellBasell Industries by 26.4% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 18,973 shares of the specialty chemicals company’s stock valued at $1,409,000 after purchasing an additional 3,958 shares during the last quarter. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Stock Up 1.4 %

NYSE LYB opened at $56.75 on Friday. LyondellBasell Industries has a fifty-two week low of $51.11 and a fifty-two week high of $107.02. The business has a fifty day moving average price of $69.54 and a two-hundred day moving average price of $77.10. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. The stock has a market capitalization of $18.32 billion, a PE ratio of 13.71, a PEG ratio of 0.97 and a beta of 0.89.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share 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 period last year, the business earned $1.26 earnings per share. Equities analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 9.44%. The ex-dividend date of this dividend was Monday, March 10th. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 129.47%.

Analyst Upgrades and Downgrades

LYB has been the topic of several research analyst reports. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $60.00 price objective (down from $80.00) on shares of LyondellBasell Industries in a research report on Friday, April 4th. UBS Group reissued a “sell” rating and issued a $51.00 price target (down from $76.00) on shares of LyondellBasell Industries in a report on Monday, April 7th. Piper Sandler reduced their price objective on LyondellBasell Industries from $84.00 to $67.00 and set a “neutral” rating for the company in a report on Monday, April 7th. StockNews.com lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, Barclays reduced their price target on LyondellBasell Industries from $80.00 to $72.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 1st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, LyondellBasell Industries has a consensus rating of “Hold” and an average target price of $76.50.

Insider Activity at LyondellBasell Industries

In other news, Director Michael Sean Hanley purchased 3,750 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was bought at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the purchase, the director now owns 16,028 shares of the company’s stock, valued at approximately $1,154,817.40. The trade was a 30.54 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is owned by 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.