LyondellBasell Industries (NYSE:LYB) Shares Acquired by Citizens Business Bank

Citizens Business Bank lifted its stake in shares of LyondellBasell Industries (NYSE:LYB) by 24.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,868 shares of the specialty chemicals company’s stock after buying an additional 9,046 shares during the period. Citizens Business Bank’s holdings in LyondellBasell Industries were worth $3,407,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Barclays PLC raised its holdings in shares of LyondellBasell Industries by 7.3% during the third quarter. Barclays PLC now owns 948,211 shares of the specialty chemicals company’s stock worth $90,933,000 after purchasing an additional 64,359 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of LyondellBasell Industries by 6.3% in the 3rd quarter. Principal Financial Group Inc. now owns 307,496 shares of the specialty chemicals company’s stock valued at $29,489,000 after buying an additional 18,311 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of LyondellBasell Industries by 3.7% in the third quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company’s stock worth $501,501,000 after buying an additional 187,150 shares during the last quarter. GAMMA Investing LLC grew its holdings in LyondellBasell Industries by 58.0% during the fourth quarter. GAMMA Investing LLC now owns 1,924 shares of the specialty chemicals company’s stock worth $143,000 after acquiring an additional 706 shares during the period. Finally, Ridgewood Investments LLC raised its position in LyondellBasell Industries by 20.2% during the fourth quarter. Ridgewood Investments LLC now owns 16,503 shares of the specialty chemicals company’s stock valued at $1,226,000 after acquiring an additional 2,771 shares in the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, Director Michael Sean Hanley acquired 3,750 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost 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 of the company’s stock, valued at approximately $1,154,817.40. The trade was a 30.54 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

LYB has been the topic of a number of analyst reports. UBS Group reaffirmed a “sell” rating and set a $51.00 price objective (down previously from $76.00) on shares of LyondellBasell Industries in a research note on Monday, April 7th. Barclays dropped their price target on shares of LyondellBasell Industries from $72.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 1st. BMO Capital Markets decreased their price objective on shares of LyondellBasell Industries from $71.00 to $65.00 and set a “market perform” rating for the company in a research report on Wednesday, April 30th. Piper Sandler dropped their target price on LyondellBasell Industries from $67.00 to $66.00 and set a “neutral” rating on the stock in a research report on Thursday, May 1st. Finally, The Goldman Sachs Group lowered their price target on LyondellBasell Industries from $81.00 to $65.00 and set a “sell” rating on the stock in a research report on Monday, April 28th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $69.75.

LyondellBasell Industries Stock Performance

NYSE:LYB opened at $55.60 on Thursday. LyondellBasell Industries has a twelve month low of $51.11 and a twelve month high of $107.02. The company has a market cap of $17.87 billion, a P/E ratio of 13.43, a P/E/G ratio of 0.97 and a beta of 0.87. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. The company’s 50-day moving average price is $64.57 and its 200-day moving average price is $74.00.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. The company had revenue of $7.68 billion for the quarter, compared to analyst estimates of $7.69 billion. During the same quarter in the prior year, the firm earned $1.53 earnings per share. The company’s revenue for the quarter was down 7.6% on a year-over-year basis. 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 company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 9.64%. The ex-dividend date was Monday, March 10th. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 165.43%.

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.