MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $15.41 Million Position in LyondellBasell Industries (NYSE:LYB)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of LyondellBasell Industries (NYSE:LYB) by 15.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 207,709 shares of the specialty chemicals company’s stock after acquiring an additional 27,802 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in LyondellBasell Industries were worth $15,413,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of LYB. Webster Bank N. A. lifted its position in shares of 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 period. Rosenberg Matthew Hamilton raised its holdings in LyondellBasell Industries by 268.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock worth $30,000 after buying an additional 295 shares during the last quarter. Lazard Asset Management LLC raised its holdings in LyondellBasell Industries by 84.9% during the fourth quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company’s stock worth $34,000 after buying an additional 214 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in LyondellBasell Industries during the fourth quarter worth $37,000. Finally, Covestor Ltd raised its holdings in LyondellBasell Industries by 107.6% during the fourth quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company’s stock worth $41,000 after buying an additional 284 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Wall Street Analyst Weigh In

LYB has been the topic of several research reports. JPMorgan Chase & Co. restated a “neutral” rating and set a $60.00 price objective (down previously from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. Piper Sandler lowered their price objective on shares of LyondellBasell Industries from $67.00 to $66.00 and set a “neutral” rating on the stock in a report on Thursday, May 1st. Citigroup lowered their price objective on shares of LyondellBasell Industries from $66.00 to $58.00 and set a “neutral” rating on the stock in a report on Tuesday, April 29th. Morgan Stanley lowered their target price on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Finally, UBS Group reiterated a “sell” rating and issued a $51.00 target price (down previously from $76.00) on shares of LyondellBasell Industries in a report on Monday, April 7th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, LyondellBasell Industries has a consensus rating of “Hold” and a consensus price target of $69.75.

LyondellBasell Industries Price Performance

Shares of NYSE:LYB opened at $58.44 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $18.78 billion, a PE ratio of 14.12, a P/E/G ratio of 0.97 and a beta of 0.87. LyondellBasell Industries has a twelve month low of $51.11 and a twelve month high of $101.01. The company has a 50-day moving average price of $62.57 and a two-hundred day moving average price of $72.76.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The business had revenue of $7.68 billion for the quarter, compared to the consensus estimate of $7.69 billion. LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. LyondellBasell Industries’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.53 EPS. Equities analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a $1.34 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 9.17%. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 165.43%.

Insider Activity

In other news, Director Michael Sean Hanley acquired 3,750 shares of the business’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 completion of the transaction, the director now owns 16,028 shares of the company’s stock, valued at $1,154,817.40. The trade was a 30.54% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is owned by company insiders.

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.