Zions Bancorporation N.A. Acquires 3,485 Shares of LyondellBasell Industries (NYSE:LYB)

Zions Bancorporation N.A. increased its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 4.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,335 shares of the specialty chemicals company’s stock after acquiring an additional 3,485 shares during the quarter. Zions Bancorporation N.A.’s holdings in LyondellBasell Industries were worth $6,189,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Woodmont Investment Counsel LLC grew its stake in LyondellBasell Industries by 31.0% in the 4th quarter. Woodmont Investment Counsel LLC now owns 88,253 shares of the specialty chemicals company’s stock valued at $6,555,000 after buying an additional 20,886 shares during the last quarter. LPL Financial LLC lifted its holdings in LyondellBasell Industries by 3.9% during the 4th quarter. LPL Financial LLC now owns 576,116 shares of the specialty chemicals company’s stock worth $42,788,000 after purchasing an additional 21,422 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in LyondellBasell Industries in the 4th quarter valued at $6,635,000. Sei Investments Co. lifted its holdings in shares of LyondellBasell Industries by 9.8% during the fourth quarter. Sei Investments Co. now owns 121,075 shares of the specialty chemicals company’s stock worth $8,993,000 after buying an additional 10,833 shares in the last quarter. Finally, Mizuho Securities USA LLC grew its stake in shares of LyondellBasell Industries by 46.0% in the fourth quarter. Mizuho Securities USA LLC now owns 24,624 shares of the specialty chemicals company’s stock valued at $1,829,000 after acquiring an additional 7,760 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Wall Street Analyst Weigh In

LYB has been the topic of a number of analyst reports. Royal Bank of Canada increased their target price on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 4th. Wells Fargo & Company cut their target price on LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. 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. Morgan Stanley dropped their target price on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Finally, Piper Sandler decreased 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 note on Thursday, February 13th. One equities research analyst has 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 data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $88.25.

LyondellBasell Industries Trading Up 0.5 %

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

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing the consensus estimate 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 period in the prior year, the firm earned $1.26 EPS. As a group, sell-side analysts expect that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given 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 dividend payout ratio (DPR) is currently 129.47%.

Insider Activity

In related news, Director Michael Sean Hanley acquired 3,750 shares of the stock in a transaction dated Wednesday, March 12th. The stock was bought 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 directly owns 16,028 shares of the company’s stock, valued at $1,154,817.40. The trade was a 30.54 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.11% of the company’s stock.

LyondellBasell Industries Company Profile

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.