LyondellBasell Industries (NYSE:LYB) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in LyondellBasell Industries (NYSE:LYB) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,683,892 shares of the specialty chemicals company’s stock after purchasing an additional 33,212 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.75% of LyondellBasell Industries worth $540,424,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mutual Advisors LLC boosted its position in LyondellBasell Industries by 0.8% in the 3rd quarter. Mutual Advisors LLC now owns 14,386 shares of the specialty chemicals company’s stock valued at $1,362,000 after buying an additional 111 shares during the last quarter. Metis Global Partners LLC increased its holdings in LyondellBasell Industries by 0.9% in the fourth quarter. Metis Global Partners LLC now owns 13,264 shares of the specialty chemicals company’s stock valued at $1,261,000 after purchasing an additional 115 shares during the last quarter. Czech National Bank boosted its holdings in LyondellBasell Industries by 0.3% during the fourth quarter. Czech National Bank now owns 44,879 shares of the specialty chemicals company’s stock worth $4,267,000 after buying an additional 116 shares during the last quarter. Cambridge Trust Co. boosted its stake in LyondellBasell Industries by 26.0% during the 3rd quarter. Cambridge Trust Co. now owns 567 shares of the specialty chemicals company’s stock worth $54,000 after acquiring an additional 117 shares during the last quarter. Finally, Cowa LLC raised its holdings in LyondellBasell Industries by 3.7% in the third quarter. Cowa LLC now owns 3,290 shares of the specialty chemicals company’s stock worth $312,000 after purchasing an additional 117 shares during the period. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Performance

Shares of NYSE LYB traded up $1.71 during trading hours on Tuesday, reaching $101.45. 2,678,183 shares of the stock were exchanged, compared to its average volume of 1,930,880. The firm has a market capitalization of $33.03 billion, a price-to-earnings ratio of 15.68, a P/E/G ratio of 1.43 and a beta of 1.18. The stock’s fifty day simple moving average is $101.14 and its 200 day simple moving average is $96.86. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.32 and a current ratio of 2.12. LyondellBasell Industries has a 52 week low of $84.80 and a 52 week high of $106.69.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.36 by $0.17. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The business had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $9.70 billion. During the same period in the prior year, the company posted $2.50 earnings per share. LyondellBasell Industries’s revenue was down 3.1% compared to the same quarter last year. Sell-side analysts predict that LyondellBasell Industries will post 8.5 EPS for the current year.

LyondellBasell Industries Announces Dividend

The business also recently declared 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 4.93%. The ex-dividend date of this dividend was Friday, March 1st. LyondellBasell Industries’s payout ratio is currently 77.28%.

Insider Activity at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan sold 18,111 shares of the firm’s 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 sale, the director now owns 12,276 shares of the company’s stock, valued at approximately $1,233,246.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other 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 transaction, the director now directly owns 12,276 shares in the company, valued at approximately $1,233,246.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael C. Mcmurray sold 16,940 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $100.84, for a total value of $1,708,229.60. Following the sale, the chief financial officer now owns 88,858 shares in the company, valued at approximately $8,960,440.72. The disclosure for this sale can be found here. Insiders sold a total of 80,853 shares of company stock valued at $8,077,267 over the last quarter. 0.11% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on LYB shares. Barclays lifted their target price on LyondellBasell Industries from $100.00 to $104.00 and gave the stock an “equal weight” rating in a report on Monday. Royal Bank of Canada boosted their price objective on shares of LyondellBasell Industries from $107.00 to $113.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. Wells Fargo & Company lifted their price target on LyondellBasell Industries from $105.00 to $117.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. BMO Capital Markets upped their price objective on LyondellBasell Industries from $99.00 to $105.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 30th. Finally, Wolfe Research began coverage on shares of LyondellBasell Industries in a research note on Friday, March 1st. They issued an “underperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $105.08.

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.