LyondellBasell Industries (NYSE:LYB) Holdings Raised by Symphony Financial Ltd. Co.

Symphony Financial Ltd. Co. increased its stake in shares of LyondellBasell Industries (NYSE:LYB) by 37.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,790 shares of the specialty chemicals company’s stock after buying an additional 1,587 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in LyondellBasell Industries were worth $544,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Invesco Ltd. raised its position in LyondellBasell Industries by 24.9% during the third quarter. Invesco Ltd. now owns 4,085,474 shares of the specialty chemicals company’s stock valued at $386,894,000 after buying an additional 815,083 shares during the period. Alps Advisors Inc. lifted its position in shares of LyondellBasell Industries by 86.5% in the 3rd quarter. Alps Advisors Inc. now owns 489,340 shares of the specialty chemicals company’s stock worth $45,588,000 after acquiring an additional 226,974 shares during the period. Royal London Asset Management Ltd. raised its holdings in shares of LyondellBasell Industries by 4.6% in the 3rd quarter. Royal London Asset Management Ltd. now owns 103,839 shares of the specialty chemicals company’s stock worth $9,833,000 after buying an additional 4,546 shares in the last quarter. Morgan Stanley increased its holdings in LyondellBasell Industries by 9.9% during the 3rd quarter. Morgan Stanley now owns 6,305,596 shares of the specialty chemicals company’s stock valued at $597,140,000 after purchasing an additional 569,887 shares in the last quarter. Finally, Truist Financial Corp increased its holdings in LyondellBasell Industries by 7.5% during the 3rd quarter. Truist Financial Corp now owns 253,360 shares of the specialty chemicals company’s stock valued at $23,993,000 after purchasing an additional 17,581 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on LYB shares. Royal Bank of Canada reissued an “outperform” rating and issued a $107.00 target price on shares of LyondellBasell Industries in a research note on Monday, February 5th. Vertical Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. Deutsche Bank Aktiengesellschaft cut LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 target price for the company. in a research note on Wednesday, January 10th. JPMorgan Chase & Co. raised their price target on LyondellBasell Industries from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, March 22nd. Finally, Wolfe Research began coverage on LyondellBasell Industries in a research report on Friday, March 1st. They issued an “underperform” rating on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $101.33.

LyondellBasell Industries Stock Down 0.7 %

Shares of LYB traded down $0.67 during midday trading on Friday, hitting $102.28. The stock had a trading volume of 1,962,099 shares, compared to its average volume of 2,592,951. The company has a 50 day simple moving average of $97.84 and a two-hundred day simple moving average of $95.58. LyondellBasell Industries has a twelve month low of $84.80 and a twelve month high of $103.30. The firm has a market cap of $33.19 billion, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 1.25 and a beta of 1.19. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.84 and a quick ratio of 1.17.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, February 2nd. The specialty chemicals company reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.07). The company had revenue of $9.93 billion during the quarter, compared to analyst estimates of $9.85 billion. LyondellBasell Industries had a net margin of 5.16% and a return on equity of 21.89%. LyondellBasell Industries’s revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.29 EPS. On average, analysts anticipate that LyondellBasell Industries will post 8.81 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, March 4th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date was Friday, March 1st. LyondellBasell Industries’s dividend payout ratio is currently 77.28%.

Insider Activity at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan sold 18,111 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $100.46, for a total value of $1,819,431.06. Following the completion of the sale, the director now directly owns 12,276 shares in the company, valued at $1,233,246.96. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, Director Robin W.T. Buchanan sold 18,111 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $100.46, for a total value of $1,819,431.06. Following the completion of the sale, the director now directly owns 12,276 shares in the company, valued at $1,233,246.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael C. Mcmurray sold 16,940 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $100.84, for a total transaction of $1,708,229.60. Following the sale, the chief financial officer now directly owns 88,858 shares in the company, valued at approximately $8,960,440.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 80,853 shares of company stock valued at $8,077,267. 0.12% 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.