Mizuho Securities USA LLC Purchases 7,760 Shares of LyondellBasell Industries (NYSE:LYB)

Mizuho Securities USA LLC grew its position in LyondellBasell Industries (NYSE:LYB) by 46.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,624 shares of the specialty chemicals company’s stock after acquiring an additional 7,760 shares during the period. Mizuho Securities USA LLC’s holdings in LyondellBasell Industries were worth $1,829,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. HighTower Advisors LLC grew its holdings in LyondellBasell Industries by 18.2% during the third quarter. HighTower Advisors LLC now owns 1,038,687 shares of the specialty chemicals company’s stock worth $99,557,000 after purchasing an additional 159,803 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of LyondellBasell Industries by 3.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company’s stock worth $501,501,000 after acquiring an additional 187,150 shares during the period. Quantinno Capital Management LP increased its holdings in shares of LyondellBasell Industries by 23.1% during the 3rd quarter. Quantinno Capital Management LP now owns 61,897 shares of the specialty chemicals company’s stock worth $5,936,000 after acquiring an additional 11,610 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its stake in LyondellBasell Industries by 202.4% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 12,986 shares of the specialty chemicals company’s stock valued at $964,000 after acquiring an additional 8,691 shares during the period. Finally, Sound Income Strategies LLC lifted its holdings in LyondellBasell Industries by 8.1% during the 4th quarter. Sound Income Strategies LLC now owns 271,626 shares of the specialty chemicals company’s stock valued at $20,174,000 after purchasing an additional 20,310 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on LYB. UBS Group decreased their price objective on shares of LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. lowered their price target on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. The Goldman Sachs Group cut their price objective on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a research report on Thursday, December 12th. Royal Bank of Canada upped their target price on LyondellBasell Industries from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, February 4th. Finally, StockNews.com cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, LyondellBasell Industries has an average rating of “Hold” and an average target price of $88.25.

Insider Buying and Selling at LyondellBasell Industries

In other news, Director Michael Sean Hanley bought 3,750 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was purchased at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the completion of the transaction, the director now owns 16,028 shares of the company’s stock, valued at $1,154,817.40. This trade represents a 30.54 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.11% of the company’s stock.

LyondellBasell Industries Stock Performance

LYB opened at $71.88 on Tuesday. The firm has a market cap of $23.25 billion, a P/E ratio of 17.36, a price-to-earnings-growth ratio of 0.97 and a beta of 1.06. The business’s fifty day moving average is $76.05 and its 200-day moving average is $81.77. LyondellBasell Industries has a 52-week low of $70.75 and a 52-week high of $107.02. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.53). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. During the same quarter last year, the company earned $1.26 EPS. Sell-side analysts expect that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 7.46%. The ex-dividend date was Monday, March 10th. LyondellBasell Industries’s payout ratio is 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.