Capital International Inc. CA Boosts Stock Position in LyondellBasell Industries (NYSE:LYB)

Capital International Inc. CA increased its position in LyondellBasell Industries (NYSE:LYB) by 41.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,757 shares of the specialty chemicals company’s stock after buying an additional 10,127 shares during the quarter. Capital International Inc. CA’s holdings in LyondellBasell Industries were worth $2,581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of LYB. Webster Bank N. A. grew its holdings in shares of LyondellBasell Industries by 70.4% during the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 143 shares during the last quarter. Rosenberg Matthew Hamilton boosted its position in LyondellBasell Industries by 268.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock valued at $30,000 after buying an additional 295 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of LyondellBasell Industries during the fourth quarter valued at about $37,000. Covestor Ltd increased its holdings in shares of LyondellBasell Industries by 107.6% in the fourth quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company’s stock worth $41,000 after buying an additional 284 shares during the period. Finally, Pinnacle Bancorp Inc. bought a new stake in shares of LyondellBasell Industries in the 4th quarter valued at about $59,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Up 1.4 %

Shares of NYSE:LYB opened at $56.75 on Monday. LyondellBasell Industries has a 12-month low of $51.11 and a 12-month high of $107.02. 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 stock has a fifty day simple moving average of $69.54 and a two-hundred day simple moving average of $76.98. The stock has a market capitalization of $18.32 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 0.97 and a beta of 0.89.

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 the consensus estimate 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 quarter in the previous year, the company earned $1.26 EPS. On average, research analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a $1.34 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a yield of 9.44%. LyondellBasell Industries’s payout ratio is currently 129.47%.

Insider Activity at LyondellBasell Industries

In other LyondellBasell Industries news, Director Michael Sean Hanley bought 3,750 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of $72.05 per share, with a total value of $270,187.50. Following the transaction, the director now 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 acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.11% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

LYB has been the topic of a number of analyst reports. Citigroup decreased their price target on LyondellBasell Industries from $75.00 to $66.00 and set a “neutral” rating on the stock in a research note on Friday, April 4th. StockNews.com lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Morgan Stanley cut their price target on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Wells Fargo & Company dropped their price objective on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, April 4th. Finally, Piper Sandler cut their price target on shares of LyondellBasell Industries from $84.00 to $67.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $76.50.

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.