Evergreen Capital Management LLC Grows Stake in LyondellBasell Industries (NYSE:LYB)

Evergreen Capital Management LLC boosted its stake in LyondellBasell Industries (NYSE:LYB) by 174.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 14,388 shares of the specialty chemicals company’s stock after buying an additional 9,139 shares during the quarter. Evergreen Capital Management LLC’s holdings in LyondellBasell Industries were worth $1,069,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Dodge & Cox boosted its stake in LyondellBasell Industries by 5.3% during the fourth quarter. Dodge & Cox now owns 16,965,832 shares of the specialty chemicals company’s stock worth $1,260,052,000 after buying an additional 851,365 shares during the last quarter. Jump Financial LLC grew its holdings in shares of LyondellBasell Industries by 69.0% in the fourth quarter. Jump Financial LLC now owns 9,540 shares of the specialty chemicals company’s stock valued at $709,000 after purchasing an additional 3,894 shares during the period. Bridgewater Associates LP increased its position in LyondellBasell Industries by 90.5% during the fourth quarter. Bridgewater Associates LP now owns 49,501 shares of the specialty chemicals company’s stock worth $3,676,000 after purchasing an additional 23,521 shares during the last quarter. Guggenheim Capital LLC raised its stake in LyondellBasell Industries by 5.7% during the fourth quarter. Guggenheim Capital LLC now owns 121,085 shares of the specialty chemicals company’s stock worth $8,993,000 after purchasing an additional 6,493 shares during the period. Finally, Aware Super Pty Ltd as trustee of Aware Super acquired a new position in LyondellBasell Industries in the 4th quarter valued at about $1,376,000. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, Director Michael Sean Hanley acquired 3,750 shares of the firm’s stock in a transaction 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 purchase, the director now directly owns 16,028 shares in the company, valued at $1,154,817.40. This represents a 30.54 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on LYB shares. UBS Group reaffirmed a “sell” rating and set a $51.00 price target (down previously from $76.00) on shares of LyondellBasell Industries in a research report on Monday, April 7th. Piper Sandler decreased their price target on LyondellBasell Industries from $84.00 to $67.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. Royal Bank of Canada downgraded LyondellBasell Industries from an “outperform” rating to a “sector perform” rating and set a $62.00 price objective for the company. in a research report on Wednesday, April 9th. Barclays decreased their target price on shares of LyondellBasell Industries from $80.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 1st. Finally, Wells Fargo & Company dropped their price target on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, April 4th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, LyondellBasell Industries has a consensus rating of “Hold” and a consensus price target of $76.50.

LyondellBasell Industries Trading Up 1.4 %

Shares of LYB stock opened at $56.75 on Friday. The company has a market capitalization of $18.36 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 0.97 and a beta of 0.89. 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 firm has a 50-day moving average price of $69.94 and a 200 day moving average price of $77.50. LyondellBasell Industries has a twelve month low of $51.11 and a twelve month high of $107.02.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 EPS 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 company posted $1.26 earnings per share. Research 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 declared 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. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.36 annualized dividend and a yield of 9.44%. LyondellBasell Industries’s dividend payout ratio is presently 129.47%.

LyondellBasell Industries Company 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.