Johnson Financial Group Inc. Purchases 2,815 Shares of LyondellBasell Industries (NYSE:LYB)

Johnson Financial Group Inc. lifted its position in LyondellBasell Industries (NYSE:LYB) by 2,606.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,923 shares of the specialty chemicals company’s stock after purchasing an additional 2,815 shares during the quarter. Johnson Financial Group Inc.’s holdings in LyondellBasell Industries were worth $221,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in shares of LyondellBasell Industries by 3.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company’s stock worth $501,501,000 after purchasing an additional 187,150 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its position in LyondellBasell Industries by 202.4% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 12,986 shares of the specialty chemicals company’s stock valued at $964,000 after acquiring an additional 8,691 shares in the last quarter. Sound Income Strategies LLC raised its stake in shares of LyondellBasell Industries by 8.1% in the fourth quarter. Sound Income Strategies LLC now owns 271,626 shares of the specialty chemicals company’s stock worth $20,174,000 after acquiring an additional 20,310 shares during the last quarter. Merrion Investment Management Co LLC acquired a new position in shares of LyondellBasell Industries during the fourth quarter worth approximately $503,000. Finally, Hennion & Walsh Asset Management Inc. grew its stake in shares of LyondellBasell Industries by 26.4% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 18,973 shares of the specialty chemicals company’s stock valued at $1,409,000 after purchasing an additional 3,958 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

Insider Buying and Selling at LyondellBasell Industries

In related news, Director Michael Sean Hanley purchased 3,750 shares of LyondellBasell Industries stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average cost of $72.05 per share, with a total value of $270,187.50. Following the completion of the transaction, the director now owns 16,028 shares of the company’s stock, valued at approximately $1,154,817.40. This trade represents a 30.54 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.14% of the company’s stock.

LyondellBasell Industries Trading Up 0.5 %

Shares of NYSE LYB opened at $59.56 on Monday. The company’s fifty day moving average is $67.69 and its 200-day moving average is $75.69. The stock has a market cap of $19.23 billion, a price-to-earnings ratio of 14.39, a P/E/G ratio of 0.97 and a beta of 0.89. LyondellBasell Industries has a twelve month low of $51.11 and a twelve month high of $107.02. 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 results on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The firm had revenue of $7.68 billion for the quarter, compared to the consensus estimate of $7.69 billion. 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 business earned $1.53 earnings per share. Equities research analysts predict that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a $1.34 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.36 annualized dividend and a yield of 9.00%. LyondellBasell Industries’s dividend payout ratio is currently 129.47%.

Analyst Ratings Changes

A number of brokerages recently weighed in on LYB. Piper Sandler lowered their price target on shares of LyondellBasell Industries from $84.00 to $67.00 and set a “neutral” rating for the company in a report on Monday, April 7th. Wells Fargo & Company lowered their price target on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, April 4th. Barclays lowered their price target on shares of LyondellBasell Industries from $80.00 to $72.00 and set an “equal weight” rating for the company in a report on Tuesday, April 1st. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $60.00 price target (down previously from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. Finally, UBS Group reissued a “sell” rating and issued a $51.00 price target (down previously from $76.00) on shares of LyondellBasell Industries in a report on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $76.50.

LyondellBasell Industries 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.