LyondellBasell Industries (NYSE:LYB) Stock Holdings Increased by Inspire Advisors LLC

Inspire Advisors LLC boosted its stake in shares of LyondellBasell Industries (NYSE:LYB) by 7.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,506 shares of the specialty chemicals company’s stock after acquiring an additional 466 shares during the period. Inspire Advisors LLC’s holdings in LyondellBasell Industries were worth $483,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Webster Bank N. A. increased its stake in shares of LyondellBasell Industries by 70.4% in the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 143 shares during the last quarter. Rosenberg Matthew Hamilton increased its stake in shares of LyondellBasell Industries by 268.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock worth $30,000 after acquiring an additional 295 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of LyondellBasell Industries in the third quarter worth $31,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of LyondellBasell Industries in the fourth quarter worth $37,000. Finally, Pinnacle Bancorp Inc. acquired a new position in shares of LyondellBasell Industries in the fourth quarter worth $59,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

Insider Transactions at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan acquired 5,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were bought at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the acquisition, the director now owns 18,175 shares in the company, valued at $1,382,390.50. This trade represents a 37.95 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.11% of the company’s stock.

LyondellBasell Industries Stock Down 2.5 %

LyondellBasell Industries stock opened at $72.14 on Thursday. The firm has a market cap of $23.33 billion, a price-to-earnings ratio of 17.43, a P/E/G ratio of 0.97 and a beta of 1.06. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. LyondellBasell Industries has a fifty-two week low of $71.98 and a fifty-two week high of $107.02. The firm has a fifty day moving average price of $76.05 and a two-hundred day moving average price of $83.20.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (EPS) 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 quarter in the prior year, the company posted $1.26 EPS. As a group, analysts forecast that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a dividend of $1.34 per share. The ex-dividend date is Monday, March 10th. This represents a $5.36 annualized dividend and a dividend yield of 7.43%. LyondellBasell Industries’s payout ratio is 129.47%.

Analyst Upgrades and Downgrades

LYB has been the topic of a number of research reports. Piper Sandler dropped their price target 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. UBS Group decreased their price objective on shares of LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. JPMorgan Chase & Co. decreased their price objective on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Royal Bank of Canada upped their price objective on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, February 4th. Finally, Barclays decreased their price objective on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $88.25.

LyondellBasell Industries 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.