Empowered Funds LLC Increases Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Empowered Funds LLC grew its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 26.2% during the fourth quarter, Holdings Channel reports. The firm owned 118,232 shares of the specialty chemicals company’s stock after purchasing an additional 24,549 shares during the quarter. Empowered Funds LLC’s holdings in LyondellBasell Industries were worth $8,781,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. HighTower Advisors LLC increased its stake in LyondellBasell Industries by 18.2% during the 3rd quarter. HighTower Advisors LLC now owns 1,038,687 shares of the specialty chemicals company’s stock worth $99,557,000 after buying an additional 159,803 shares during the period. JPMorgan Chase & Co. increased its position in shares of LyondellBasell Industries by 3.7% during the third quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company’s stock worth $501,501,000 after acquiring an additional 187,150 shares during the period. Quantinno Capital Management LP raised its stake in shares of LyondellBasell Industries by 23.1% in the third quarter. Quantinno Capital Management LP now owns 61,897 shares of the specialty chemicals company’s stock valued at $5,936,000 after acquiring an additional 11,610 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in LyondellBasell Industries by 202.4% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 12,986 shares of the specialty chemicals company’s stock valued at $964,000 after purchasing an additional 8,691 shares during the period. Finally, Sound Income Strategies LLC grew its stake in LyondellBasell Industries by 8.1% during the 4th quarter. Sound Income Strategies LLC now owns 271,626 shares of the specialty chemicals company’s stock worth $20,174,000 after purchasing an additional 20,310 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan bought 5,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was acquired at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the purchase, the director now owns 18,175 shares of the company’s stock, valued at approximately $1,382,390.50. This represents a 37.95 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.11% of the stock is currently owned by company insiders.

LyondellBasell Industries Stock Down 1.5 %

LyondellBasell Industries stock opened at $76.61 on Monday. The company has a market capitalization of $24.88 billion, a P/E ratio of 18.50, a PEG ratio of 0.92 and a beta of 1.05. 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 has a fifty-two week low of $72.21 and a fifty-two week high of $107.02. The stock has a 50-day simple moving average of $75.86 and a 200-day simple moving average of $86.49.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data 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 net margin of 3.39% and a return on equity of 15.97%. During the same period in the previous year, the firm posted $1.26 earnings per share. Equities research analysts expect that LyondellBasell Industries will post 6.68 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were given a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 7.00%. The ex-dividend date of this dividend was Monday, December 2nd. LyondellBasell Industries’s payout ratio is currently 129.47%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Morgan Stanley reduced their price target on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a report on Monday, November 4th. Piper Sandler reissued a “neutral” rating and issued a $95.00 price objective (down from $112.00) on shares of LyondellBasell Industries in a research report on Tuesday, January 7th. Mizuho decreased their price objective on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. Finally, JPMorgan Chase & Co. dropped their target price on LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $89.17.

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.