LyondellBasell Industries (NYSE:LYB) Shares Bought by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. increased its stake in LyondellBasell Industries (NYSE:LYB) by 27.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,637,443 shares of the specialty chemicals company’s stock after purchasing an additional 354,280 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.50% of LyondellBasell Industries worth $121,613,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LYB. Webster Bank N. A. raised its position in 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 in the last quarter. Cairn Investment Group Inc. raised its holdings in shares of LyondellBasell Industries by 0.4% in the 4th quarter. Cairn Investment Group Inc. now owns 42,147 shares of the specialty chemicals company’s stock worth $3,130,000 after purchasing an additional 155 shares in the last quarter. Alliance Wealth Advisors LLC UT lifted its stake in LyondellBasell Industries by 5.2% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 3,608 shares of the specialty chemicals company’s stock valued at $268,000 after purchasing an additional 177 shares during the last quarter. Y.D. More Investments Ltd boosted its holdings in LyondellBasell Industries by 14.9% during the fourth quarter. Y.D. More Investments Ltd now owns 1,497 shares of the specialty chemicals company’s stock worth $111,000 after buying an additional 194 shares in the last quarter. Finally, Caprock Group LLC grew its position in LyondellBasell Industries by 5.8% in the fourth quarter. Caprock Group LLC now owns 4,008 shares of the specialty chemicals company’s stock worth $298,000 after buying an additional 220 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Down 0.4 %

Shares of NYSE:LYB opened at $56.98 on Friday. LyondellBasell Industries has a 12 month low of $51.11 and a 12 month high of $102.09. The company’s 50-day moving average price is $63.92 and its two-hundred day moving average price is $73.44. The firm has a market cap of $18.31 billion, a P/E ratio of 13.76, a P/E/G ratio of 0.97 and a beta of 0.87. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, April 25th. The specialty chemicals company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. The firm had revenue of $7.68 billion during the quarter, compared to analyst estimates of $7.69 billion. During the same quarter in the previous year, the business earned $1.53 earnings per share. LyondellBasell Industries’s revenue for the quarter was down 7.6% compared to the same quarter last year. As a group, research analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a $1.34 dividend. The ex-dividend date was Monday, March 10th. This represents a $5.36 annualized dividend and a yield of 9.41%. LyondellBasell Industries’s dividend payout ratio is currently 165.43%.

Wall Street Analyst Weigh In

LYB has been the subject of a number of recent analyst reports. Piper Sandler decreased their price target on LyondellBasell Industries from $67.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, May 1st. StockNews.com cut shares of LyondellBasell Industries from a “hold” rating to a “sell” rating in a research report on Monday, April 28th. BMO Capital Markets cut their target price on shares of LyondellBasell Industries from $71.00 to $65.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 30th. The Goldman Sachs Group lowered their price target on LyondellBasell Industries from $81.00 to $65.00 and set a “sell” rating on the stock in a report on Monday, April 28th. Finally, Citigroup reduced their price objective on LyondellBasell Industries from $66.00 to $58.00 and set a “neutral” rating for the company in a research note on Tuesday, April 29th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $69.75.

Insider Buying and Selling at LyondellBasell Industries

In other news, Director Michael Sean Hanley bought 3,750 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the completion of the acquisition, the director now owns 16,028 shares in the company, valued at approximately $1,154,817.40. This trade represents a 30.54 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.14% 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.