Bank Julius Baer & Co. Ltd Zurich Invests $37,000 in LyondellBasell Industries (NYSE:LYB)

Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of LyondellBasell Industries (NYSE:LYB) during the 4th quarter, Holdings Channel.com reports. The fund purchased 456 shares of the specialty chemicals company’s stock, valued at approximately $37,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LYB. Raymond James Financial Inc. acquired a new position in LyondellBasell Industries during the 4th quarter worth $69,115,000. Jacobs Levy Equity Management Inc. boosted its holdings in shares of LyondellBasell Industries by 211.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,283,163 shares of the specialty chemicals company’s stock valued at $123,055,000 after buying an additional 871,708 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in LyondellBasell Industries by 7.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,582,119 shares of the specialty chemicals company’s stock valued at $637,394,000 after purchasing an additional 558,137 shares during the period. Franklin Resources Inc. boosted its stake in LyondellBasell Industries by 11.4% during the 3rd quarter. Franklin Resources Inc. now owns 2,875,267 shares of the specialty chemicals company’s stock valued at $268,664,000 after purchasing an additional 293,622 shares during the period. Finally, Geode Capital Management LLC boosted its stake in LyondellBasell Industries by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 6,605,151 shares of the specialty chemicals company’s stock valued at $638,964,000 after purchasing an additional 277,108 shares during the period. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Insider Activity at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the purchase, the director now directly owns 18,175 shares in the company, valued at $1,382,390.50. This trade represents a 37.95 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on LYB. The Goldman Sachs Group dropped their price target on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. Royal Bank of Canada boosted their price target on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, February 4th. Piper Sandler lowered 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 report on Thursday, February 13th. Wells Fargo & Company decreased their target price on shares of LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Finally, Mizuho decreased their target price on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $88.25.

LyondellBasell Industries Price Performance

NYSE:LYB opened at $73.99 on Wednesday. The stock has a market cap of $23.93 billion, a P/E ratio of 17.87, a PEG ratio of 0.97 and a beta of 1.06. LyondellBasell Industries has a one year low of $72.21 and a one year high of $107.02. The company has a fifty day moving average price of $76.10 and a 200 day moving average price of $83.28. 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 (NYSE:LYB) last released its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing the consensus estimate 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 last year, the firm earned $1.26 EPS. Analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 7.24%. The ex-dividend date of this dividend is Monday, March 10th. LyondellBasell Industries’s payout ratio is currently 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.