Scientech Research LLC Buys 1,948 Shares of LyondellBasell Industries (NYSE:LYB)

Scientech Research LLC raised its stake in shares of LyondellBasell Industries (NYSE:LYB) by 10.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,206 shares of the specialty chemicals company’s stock after acquiring an additional 1,948 shares during the period. LyondellBasell Industries comprises approximately 0.4% of Scientech Research LLC’s investment portfolio, making the stock its 28th largest holding. Scientech Research LLC’s holdings in LyondellBasell Industries were worth $1,501,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Dodge & Cox lifted its stake in LyondellBasell Industries by 5.3% during the 4th quarter. Dodge & Cox now owns 16,965,832 shares of the specialty chemicals company’s stock valued at $1,260,052,000 after acquiring an additional 851,365 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in LyondellBasell Industries by 7.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,582,119 shares of the specialty chemicals company’s stock valued at $637,394,000 after acquiring an additional 558,137 shares in the last quarter. Geode Capital Management LLC lifted its stake in LyondellBasell Industries by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 6,804,205 shares of the specialty chemicals company’s stock valued at $512,913,000 after acquiring an additional 199,054 shares in the last quarter. Invesco Ltd. lifted its stake in LyondellBasell Industries by 13.5% during the 4th quarter. Invesco Ltd. now owns 5,826,318 shares of the specialty chemicals company’s stock valued at $432,721,000 after acquiring an additional 694,055 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in LyondellBasell Industries by 3.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company’s stock valued at $501,501,000 after acquiring an additional 187,150 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LYB has been the topic of several recent analyst reports. Wells Fargo & Company dropped their price objective on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, April 4th. StockNews.com lowered LyondellBasell Industries from a “hold” rating to a “sell” rating in a research report on Monday, April 28th. UBS Group reaffirmed a “sell” rating and set a $51.00 target price (down from $76.00) on shares of LyondellBasell Industries in a research report on Monday, April 7th. Piper Sandler decreased their target price on LyondellBasell Industries from $67.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, May 1st. Finally, Fermium Researc raised LyondellBasell Industries to a “strong-buy” rating in a research report on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $69.75.

LyondellBasell Industries Trading Up 2.3%

Shares of LYB opened at $59.75 on Friday. The business has a 50-day moving average of $62.28 and a 200 day moving average of $72.57. LyondellBasell Industries has a fifty-two week low of $51.11 and a fifty-two week high of $101.01. The firm has a market cap of $19.20 billion, a P/E ratio of 14.43, a price-to-earnings-growth ratio of 0.97 and a beta of 0.87. 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 (NYSE:LYB) last announced its quarterly earnings data 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). The firm had revenue of $7.68 billion during the quarter, compared to analysts’ expectations of $7.69 billion. LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. The company’s revenue was down 7.6% compared to the same quarter last year. During the same period last year, the business posted $1.53 EPS. As a group, research analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid 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 8.97%. LyondellBasell Industries’s dividend payout ratio is currently 165.43%.

Insiders Place Their Bets

In related news, Director Michael Sean Hanley bought 3,750 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of $72.05 per share, for a total transaction of $270,187.50. Following the purchase, the director now directly owns 16,028 shares in the company, valued at $1,154,817.40. This trade represents a 30.54% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is owned by corporate insiders.

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.