LyondellBasell Industries (NYSE:LYB) Shares Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC lifted its stake in shares of LyondellBasell Industries (NYSE:LYB) by 42.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,064 shares of the specialty chemicals company’s stock after acquiring an additional 20,138 shares during the period. Wealthfront Advisers LLC’s holdings in LyondellBasell Industries were worth $5,055,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in LYB. Webster Bank N. A. boosted its stake in shares of LyondellBasell Industries by 70.4% during the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 143 shares during the last quarter. Rosenberg Matthew Hamilton boosted its stake in LyondellBasell Industries by 268.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock worth $30,000 after buying an additional 295 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in LyondellBasell Industries in the 3rd quarter worth about $31,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in LyondellBasell Industries in the 4th quarter worth about $37,000. Finally, Pinnacle Bancorp Inc. acquired a new stake in LyondellBasell Industries in the 4th quarter worth about $59,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on LYB. Wells Fargo & Company decreased their price target on LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Mizuho decreased their price target on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research note on Monday, December 9th. Morgan Stanley decreased their price target on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Piper Sandler cut their price objective on LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Finally, StockNews.com downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $88.25.

LyondellBasell Industries Stock Performance

Shares of NYSE:LYB opened at $72.14 on Thursday. The company has a market cap of $23.33 billion, a P/E ratio of 17.43, a PEG ratio of 0.97 and a beta of 1.06. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. LyondellBasell Industries has a one year low of $71.98 and a one year high of $107.02. The business’s 50-day simple moving average is $76.05 and its 200 day simple moving average is $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 period in the previous year, the company earned $1.26 EPS. On average, sell-side analysts forecast that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

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

Insiders Place Their Bets

In other news, Director Robin W.T. Buchanan bought 5,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was bought at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the transaction, the director now owns 18,175 shares in the company, valued at $1,382,390.50. The trade was a 37.95 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.11% of the stock is owned by company insiders.

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.