Elo Mutual Pension Insurance Co Buys 5,560 Shares of LyondellBasell Industries (NYSE:LYB)

Elo Mutual Pension Insurance Co boosted its stake in LyondellBasell Industries (NYSE:LYB) by 24.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,699 shares of the specialty chemicals company’s stock after purchasing an additional 5,560 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in LyondellBasell Industries were worth $2,131,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Thrivent Financial for Lutherans grew its holdings in LyondellBasell Industries by 3.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 17,297 shares of the specialty chemicals company’s stock valued at $1,659,000 after buying an additional 559 shares in the last quarter. Townsquare Capital LLC boosted its position in shares of LyondellBasell Industries by 37.8% during the 3rd quarter. Townsquare Capital LLC now owns 45,193 shares of the specialty chemicals company’s stock valued at $4,334,000 after acquiring an additional 12,408 shares during the last quarter. Bridgewater Associates LP purchased a new position in shares of LyondellBasell Industries in the third quarter valued at $2,491,000. Glenmede Trust Co. NA increased its position in LyondellBasell Industries by 3.8% in the third quarter. Glenmede Trust Co. NA now owns 11,628 shares of the specialty chemicals company’s stock worth $1,115,000 after purchasing an additional 423 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its stake in LyondellBasell Industries by 19.0% during the third quarter. Public Sector Pension Investment Board now owns 11,279 shares of the specialty chemicals company’s stock valued at $1,082,000 after purchasing an additional 1,800 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Down 1.6 %

NYSE:LYB opened at $69.81 on Friday. The company has a market cap of $22.58 billion, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 0.97 and a beta of 1.06. LyondellBasell Industries has a twelve month low of $69.74 and a twelve month 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 stock has a fifty day simple moving average of $75.58 and a 200-day simple moving average of $81.20.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data 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 in the prior year, the business posted $1.26 EPS. Analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.36 annualized dividend and a yield of 7.68%. LyondellBasell Industries’s payout ratio is currently 129.47%.

Insiders Place Their Bets

In other LyondellBasell Industries news, Director Michael Sean Hanley bought 3,750 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were acquired at an average price of $72.05 per share, with a total value of $270,187.50. Following the transaction, the director now owns 16,028 shares of the company’s stock, valued at approximately $1,154,817.40. This trade represents a 30.54 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.11% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on LYB shares. Barclays reduced their target price on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. StockNews.com cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Royal Bank of Canada raised their price objective on LyondellBasell Industries from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, February 4th. The Goldman Sachs Group cut their target price on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. Finally, Piper Sandler decreased their price target on LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $88.25.

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.