Arvest Investments Inc. Has $1.54 Million Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Arvest Investments Inc. increased its position in LyondellBasell Industries (NYSE:LYB) by 36.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 20,791 shares of the specialty chemicals company’s stock after purchasing an additional 5,586 shares during the quarter. Arvest Investments Inc.’s holdings in LyondellBasell Industries were worth $1,544,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Webster Bank N. A. grew its stake in shares of LyondellBasell Industries by 70.4% in the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 143 shares during the period. Cairn Investment Group Inc. grew its stake in shares of LyondellBasell Industries by 0.4% in the 4th quarter. Cairn Investment Group Inc. now owns 42,147 shares of the specialty chemicals company’s stock valued at $3,130,000 after buying an additional 155 shares during the period. Raymond James Trust N.A. grew its stake in shares of LyondellBasell Industries by 1.0% in the 3rd quarter. Raymond James Trust N.A. now owns 17,483 shares of the specialty chemicals company’s stock valued at $1,677,000 after buying an additional 173 shares during the period. Alliance Wealth Advisors LLC UT grew its stake in shares of LyondellBasell Industries by 5.2% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 3,608 shares of the specialty chemicals company’s stock valued at $268,000 after buying an additional 177 shares during the period. Finally, Y.D. More Investments Ltd lifted its position in LyondellBasell Industries by 14.9% in the 4th quarter. Y.D. More Investments Ltd now owns 1,497 shares of the specialty chemicals company’s stock valued at $111,000 after acquiring an additional 194 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other LyondellBasell Industries news, Director Michael Sean Hanley acquired 3,750 shares of LyondellBasell Industries stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the purchase, the director now owns 16,028 shares of the company’s stock, valued at approximately $1,154,817.40. This represents a 30.54 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on LYB. Wells Fargo & Company dropped their price target on shares of LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Piper Sandler dropped their price target on shares of LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Royal Bank of Canada raised their price target on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, February 4th. Morgan Stanley dropped their price target on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Finally, UBS Group dropped their price target on shares of LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, LyondellBasell Industries has a consensus rating of “Hold” and a consensus price target of $88.25.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock opened at $73.72 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. The stock has a market cap of $23.84 billion, a P/E ratio of 17.81, a P/E/G ratio of 0.97 and a beta of 1.06. The company’s 50 day moving average price is $76.14 and its two-hundred day moving average price is $82.37. LyondellBasell Industries has a 52 week low of $71.81 and a 52 week high of $107.02.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results 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 return on equity of 15.97% and a net margin of 3.39%. During the same quarter in the prior year, the firm posted $1.26 earnings per share. On average, equities analysts predict that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently declared 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 was Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.27%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 129.47%.

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.