LyondellBasell Industries (NYSE:LYB) Director Michael Sean Hanley Purchases 3,750 Shares of Stock

LyondellBasell Industries (NYSE:LYB) Director Michael Sean Hanley bought 3,750 shares of the stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average price of $72.05 per share, with a total value of $270,187.50. Following the completion of the transaction, the director now directly owns 16,028 shares in the company, valued at approximately $1,154,817.40. The trade was a 30.54 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

LyondellBasell Industries Stock Up 0.5 %

Shares of LYB opened at $72.55 on Friday. LyondellBasell Industries has a 52-week low of $71.81 and a 52-week high of $107.02. The company has a market cap of $23.47 billion, a PE ratio of 17.52, a P/E/G ratio of 0.97 and a beta of 1.06. The business has a fifty day moving average of $76.05 and a 200 day moving average of $83.13. 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 released its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share 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 prior year, the company earned $1.26 EPS. On average, sell-side analysts expect that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be given 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 7.39%. LyondellBasell Industries’s dividend payout ratio (DPR) is 129.47%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. UBS Group lowered their target price on LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. The Goldman Sachs Group lowered their target price on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a research report on Thursday, December 12th. Wells Fargo & Company lowered their target price on LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. lowered their target price on LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Finally, Royal Bank of Canada increased their target price on LyondellBasell Industries from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $88.25.

Institutional Trading of LyondellBasell Industries

Several institutional investors and hedge funds have recently made changes to their positions in LYB. Ensign Peak Advisors Inc lifted its position in shares of LyondellBasell Industries by 207.8% during the fourth quarter. Ensign Peak Advisors Inc now owns 2,254,589 shares of the specialty chemicals company’s stock worth $167,448,000 after purchasing an additional 1,522,043 shares during the last quarter. Amundi increased its stake in shares of LyondellBasell Industries by 48.6% during the fourth quarter. Amundi now owns 3,858,033 shares of the specialty chemicals company’s stock valued at $283,452,000 after buying an additional 1,260,913 shares during the period. Norges Bank purchased a new position in shares of LyondellBasell Industries during the fourth quarter valued at $81,015,000. Raymond James Financial Inc. purchased a new position in shares of LyondellBasell Industries during the fourth quarter valued at $69,115,000. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of LyondellBasell Industries by 211.9% during the third 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. 71.20% of the stock is currently owned by institutional investors.

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.