4,327 Shares in LyondellBasell Industries (NYSE:LYB) Acquired by PUREfi Wealth LLC

PUREfi Wealth LLC acquired a new position in LyondellBasell Industries (NYSE:LYB) in the 4th quarter, Holdings Channel reports. The firm acquired 4,327 shares of the specialty chemicals company’s stock, valued at approximately $321,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Bank Pictet & Cie Europe AG grew its position in LyondellBasell Industries by 26.9% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 188,680 shares of the specialty chemicals company’s stock worth $14,013,000 after acquiring an additional 39,957 shares during the period. Blue Trust Inc. grew its position in LyondellBasell Industries by 22.5% in the fourth quarter. Blue Trust Inc. now owns 1,724 shares of the specialty chemicals company’s stock worth $128,000 after acquiring an additional 317 shares during the period. Banque Pictet & Cie SA grew its position in LyondellBasell Industries by 12.3% in the fourth quarter. Banque Pictet & Cie SA now owns 258,647 shares of the specialty chemicals company’s stock worth $19,210,000 after acquiring an additional 28,389 shares during the period. V Square Quantitative Management LLC grew its position in LyondellBasell Industries by 15.0% in the fourth quarter. V Square Quantitative Management LLC now owns 8,334 shares of the specialty chemicals company’s stock worth $619,000 after acquiring an additional 1,086 shares during the period. Finally, DT Investment Partners LLC grew its position in LyondellBasell Industries by 7.1% in the fourth quarter. DT Investment Partners LLC now owns 11,483 shares of the specialty chemicals company’s stock worth $853,000 after acquiring an additional 758 shares during the period. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Up 0.7 %

LyondellBasell Industries stock opened at $76.74 on Friday. LyondellBasell Industries has a 1-year low of $72.21 and a 1-year high of $107.02. 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 cap of $24.92 billion, a PE ratio of 18.54, a P/E/G ratio of 0.92 and a beta of 1.05. The stock’s fifty day moving average is $75.59 and its two-hundred day moving average is $86.00.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share 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 period last year, the firm earned $1.26 earnings per share. On average, sell-side analysts expect that LyondellBasell Industries will post 6.68 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were given a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.98%. The ex-dividend date of this dividend was Monday, December 2nd. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 129.47%.

Insider Transactions at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan bought 5,000 shares of the business’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 owns 18,175 shares of the company’s stock, valued at approximately $1,382,390.50. This trade represents a 37.95 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Morgan Stanley lowered their price target on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Piper Sandler lowered their price target on LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating for the company in a research report on Thursday. The Goldman Sachs Group lowered their price target on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a research report on Thursday, December 12th. Mizuho lowered their price target 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. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research report on Monday, November 4th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $88.25.

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.