LyondellBasell Industries (NYSE:LYB) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its stake in shares of LyondellBasell Industries (NYSE:LYB) by 7.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 34,258 shares of the specialty chemicals company’s stock after buying an additional 2,456 shares during the period. Daiwa Securities Group Inc.’s holdings in LyondellBasell Industries were worth $2,544,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp boosted its position in shares of LyondellBasell Industries by 1.9% during the third quarter. State Street Corp now owns 12,202,118 shares of the specialty chemicals company’s stock worth $1,170,183,000 after buying an additional 230,327 shares during the period. 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 worth $637,394,000 after acquiring an additional 558,137 shares in the last quarter. Geode Capital Management LLC boosted its holdings in LyondellBasell Industries by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 6,605,151 shares of the specialty chemicals company’s stock valued at $638,964,000 after acquiring an additional 277,108 shares during the period. JPMorgan Chase & Co. grew its position in LyondellBasell Industries by 3.7% in 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. Finally, Amundi increased its stake in LyondellBasell Industries by 48.6% during the fourth quarter. Amundi now owns 3,858,033 shares of the specialty chemicals company’s stock worth $283,452,000 after purchasing an additional 1,260,913 shares during the period. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Stock Performance

Shares of LYB stock opened at $72.55 on Friday. The stock’s 50-day moving average is $76.05 and its two-hundred day moving average is $83.13. 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 1 year low of $71.81 and a 1 year high of $107.02. The firm has a market cap of $23.47 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 0.97 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (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 period in the previous year, the company posted $1.26 EPS. Analysts predict that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a $1.34 dividend. The ex-dividend date is Monday, March 10th. This represents a $5.36 annualized dividend and a yield of 7.39%. LyondellBasell Industries’s dividend payout ratio (DPR) is 129.47%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Morgan Stanley lowered their target price on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Royal Bank of Canada increased their price target on LyondellBasell Industries from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, February 4th. StockNews.com downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group reduced their target price on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $88.25.

Insider Buying and Selling

In other LyondellBasell Industries news, Director Michael Sean Hanley bought 3,750 shares of LyondellBasell Industries stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average cost of $72.05 per share, with a total value of $270,187.50. Following the completion of the acquisition, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.11% of the stock is owned by company insiders.

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.