V Square Quantitative Management LLC Purchases 1,086 Shares of LyondellBasell Industries (NYSE:LYB)

V Square Quantitative Management LLC boosted its position in shares of LyondellBasell Industries (NYSE:LYB) by 15.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 8,334 shares of the specialty chemicals company’s stock after buying an additional 1,086 shares during the quarter. V Square Quantitative Management LLC’s holdings in LyondellBasell Industries were worth $619,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp raised its position in LyondellBasell Industries by 1.9% during the third quarter. State Street Corp now owns 12,202,118 shares of the specialty chemicals company’s stock worth $1,170,183,000 after acquiring an additional 230,327 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position 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 acquiring an additional 362,671 shares in the last quarter. Geode Capital Management LLC raised its position in LyondellBasell Industries by 4.4% during the third quarter. Geode Capital Management LLC now owns 6,605,151 shares of the specialty chemicals company’s stock worth $638,964,000 after acquiring an additional 277,108 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of LyondellBasell Industries by 3.7% in the third quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company’s stock valued at $501,501,000 after purchasing an additional 187,150 shares during the period. Finally, Franklin Resources Inc. raised its position in shares of LyondellBasell Industries by 11.4% in the third 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 period. 71.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LYB has been the topic of several research analyst reports. UBS Group dropped their price objective on shares of LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Piper Sandler dropped their price objective on shares of LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. dropped their price objective on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Royal Bank of Canada increased their price objective on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, February 4th. Finally, Morgan Stanley lowered their price target on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, LyondellBasell Industries has a consensus rating of “Hold” and an average price target of $88.25.

Insider Activity at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was acquired 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 in the company, valued at $1,382,390.50. This represents a 37.95 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.11% of the stock is owned by company insiders.

LyondellBasell Industries Trading Up 0.7 %

LYB opened at $76.74 on Friday. The company’s 50 day moving average is $75.60 and its 200-day moving average is $85.85. LyondellBasell Industries has a 1-year low of $72.21 and a 1-year high of $107.02. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. The company has a market cap of $24.92 billion, a P/E ratio of 18.54, a PEG ratio of 0.92 and a beta of 1.05.

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 quarter last year, the company earned $1.26 earnings per share. Equities research analysts predict that LyondellBasell Industries will post 6.68 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

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

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.