800 Shares in LyondellBasell Industries (NYSE:LYB) Acquired by Pinnacle Bancorp Inc.

Pinnacle Bancorp Inc. bought a new stake in shares of LyondellBasell Industries (NYSE:LYB) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 800 shares of the specialty chemicals company’s stock, valued at approximately $59,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of LYB. Jacobs Levy Equity Management Inc. grew its position in 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 acquiring an additional 871,708 shares in the last quarter. Pacer Advisors Inc. lifted its stake 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 worth $461,930,000 after purchasing an additional 579,300 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in LyondellBasell Industries by 4.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,023,982 shares of the specialty chemicals company’s stock worth $769,500,000 after purchasing an additional 362,671 shares during the last quarter. Ensign Peak Advisors Inc boosted its holdings in shares of LyondellBasell Industries by 80.7% in the 2nd quarter. Ensign Peak Advisors Inc now owns 779,040 shares of the specialty chemicals company’s stock worth $74,523,000 after purchasing an additional 347,877 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of 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 purchasing an additional 293,622 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Insider Activity

In related news, Director Robin W.T. Buchanan acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the acquisition, the director now directly owns 18,175 shares of the company’s stock, valued at $1,382,390.50. This represents a 37.95 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

LYB has been the subject of a number of recent research reports. Barclays lowered their price objective on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Piper Sandler restated a “neutral” rating and set a $95.00 price target (down from $112.00) on shares of LyondellBasell Industries in a research report on Tuesday, January 7th. Wells Fargo & Company decreased their price objective on LyondellBasell Industries from $105.00 to $95.00 and set an “overweight” rating on the stock in a report on Tuesday, December 10th. StockNews.com cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Morgan Stanley decreased their price target on LyondellBasell Industries from $110.00 to $90.00 and set an “overweight” rating on the stock in a research note on Monday. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $94.33.

LyondellBasell Industries Stock Up 0.8 %

Shares of LYB opened at $76.68 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25. The stock has a market capitalization of $24.90 billion, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 1.74 and a beta of 1.06. LyondellBasell Industries has a 1 year low of $72.21 and a 1 year high of $107.02. The business’s 50 day simple moving average is $78.00 and its 200-day simple moving average is $88.66.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.10). The company had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The company’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.46 EPS. As a group, equities analysts expect that LyondellBasell Industries will post 6.8 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were given a dividend of $1.34 per share. The ex-dividend date was Monday, December 2nd. This represents a $5.36 annualized dividend and a dividend yield of 6.99%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 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.