LyondellBasell Industries (NYSE:LYB) Stock Holdings Lifted by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC lifted its position in LyondellBasell Industries (NYSE:LYB) by 202.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,986 shares of the specialty chemicals company’s stock after acquiring an additional 8,691 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in LyondellBasell Industries were worth $964,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LYB. Jacobs Levy Equity Management Inc. boosted its position in shares of LyondellBasell Industries by 211.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,283,163 shares of the specialty chemicals company’s stock worth $123,055,000 after buying an additional 871,708 shares during the period. Pacer Advisors Inc. raised its position in LyondellBasell Industries by 13.6% during the second quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company’s stock valued at $461,930,000 after buying an additional 579,300 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in LyondellBasell Industries by 4.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,023,982 shares of the specialty chemicals company’s stock worth $769,500,000 after acquiring an additional 362,671 shares in the last quarter. Ensign Peak Advisors Inc boosted its position in LyondellBasell Industries by 80.7% during the 2nd quarter. Ensign Peak Advisors Inc now owns 779,040 shares of the specialty chemicals company’s stock worth $74,523,000 after acquiring an additional 347,877 shares during the period. Finally, Franklin Resources Inc. grew its stake in LyondellBasell Industries by 11.4% during the 3rd quarter. Franklin Resources Inc. now owns 2,875,267 shares of the specialty chemicals company’s stock valued at $268,664,000 after acquiring an additional 293,622 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Insiders Place Their Bets

In related news, Director Robin W.T. Buchanan purchased 5,000 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were bought at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the transaction, the director now directly 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

LYB has been the subject of a number of research analyst reports. StockNews.com lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. decreased their target price on shares of LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Piper Sandler reaffirmed a “neutral” rating and issued a $95.00 price target (down from $112.00) on shares of LyondellBasell Industries in a research note on Tuesday, January 7th. The Goldman Sachs Group reduced their price objective 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. Finally, Royal Bank of Canada dropped their target price on LyondellBasell Industries from $104.00 to $92.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $94.33.

LyondellBasell Industries Trading Up 1.0 %

NYSE:LYB opened at $76.06 on Thursday. The company’s 50 day moving average is $78.21 and its 200-day moving average is $88.75. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. LyondellBasell Industries has a 12 month low of $72.21 and a 12 month high of $107.02. The firm has a market cap of $24.70 billion, a price-to-earnings ratio of 11.58, a P/E/G ratio of 2.13 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). The firm had revenue of $10.33 billion for the quarter, compared to analyst estimates of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The firm’s revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.46 EPS. Equities analysts anticipate that LyondellBasell Industries will post 7.02 EPS for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 7.05%. The ex-dividend date of this dividend was Monday, December 2nd. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 81.58%.

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.