LyondellBasell Industries (NYSE:LYB) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP boosted its stake in LyondellBasell Industries (NYSE:LYB) by 35.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,870,666 shares of the specialty chemicals company’s stock after acquiring an additional 757,612 shares during the period. Wellington Management Group LLP owned 0.89% of LyondellBasell Industries worth $213,204,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Webster Bank N. A. raised 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 worth $26,000 after purchasing an additional 143 shares during the last quarter. Cairn Investment Group Inc. raised its position in LyondellBasell Industries by 0.4% during the 4th quarter. Cairn Investment Group Inc. now owns 42,147 shares of the specialty chemicals company’s stock worth $3,130,000 after buying an additional 155 shares during the last quarter. Alliance Wealth Advisors LLC UT lifted its stake in shares of LyondellBasell Industries by 5.2% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 3,608 shares of the specialty chemicals company’s stock worth $268,000 after acquiring an additional 177 shares during the period. Y.D. More Investments Ltd boosted its holdings in shares of LyondellBasell Industries by 14.9% in the fourth quarter. Y.D. More Investments Ltd now owns 1,497 shares of the specialty chemicals company’s stock valued at $111,000 after acquiring an additional 194 shares in the last quarter. Finally, Caprock Group LLC increased its stake in shares of LyondellBasell Industries by 5.8% during the fourth quarter. Caprock Group LLC now owns 4,008 shares of the specialty chemicals company’s stock worth $298,000 after acquiring an additional 220 shares during the period. 71.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Michael Sean Hanley bought 3,750 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average price of $72.05 per share, for a total transaction of $270,187.50. Following the completion of the transaction, the director now owns 16,028 shares in the company, valued at $1,154,817.40. The trade was a 30.54 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.11% of the company’s stock.

LyondellBasell Industries Trading Up 0.9 %

Shares of LYB opened at $70.68 on Thursday. 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 has a 1-year low of $69.12 and a 1-year high of $107.02. The stock has a market cap of $22.86 billion, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 0.97 and a beta of 1.06. The firm has a 50 day simple moving average of $75.16 and a 200-day simple moving average of $80.71.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results 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 return on equity of 15.97% and a net margin of 3.39%. During the same period last year, the firm earned $1.26 earnings per share. Equities analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a dividend of $1.34 per share. The ex-dividend date was Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.58%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 129.47%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Barclays lowered their price objective on LyondellBasell Industries from $80.00 to $72.00 and set an “equal weight” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. dropped their price objective on LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Royal Bank of Canada raised their target price on LyondellBasell Industries from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, February 4th. UBS Group lowered their price target on shares of LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Finally, Wells Fargo & Company reduced their price objective on shares of LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, LyondellBasell Industries currently has an average rating of “Hold” and a consensus price target of $87.58.

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.