HighPoint Advisor Group LLC Buys 1,459 Shares of LyondellBasell Industries (NYSE:LYB)

HighPoint Advisor Group LLC increased its position in LyondellBasell Industries (NYSE:LYB) by 32.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,977 shares of the specialty chemicals company’s stock after acquiring an additional 1,459 shares during the quarter. HighPoint Advisor Group LLC’s holdings in LyondellBasell Industries were worth $457,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of LYB. Public Sector Pension Investment Board grew its position in shares of LyondellBasell Industries by 19.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 11,279 shares of the specialty chemicals company’s stock valued at $1,082,000 after purchasing an additional 1,800 shares in the last quarter. Benjamin Edwards Inc. grew its position in LyondellBasell Industries by 1,312.5% during the third quarter. Benjamin Edwards Inc. now owns 39,720 shares of the specialty chemicals company’s stock worth $3,809,000 after buying an additional 36,908 shares in the last quarter. Centiva Capital LP increased its stake in LyondellBasell Industries by 741.6% in the 3rd quarter. Centiva Capital LP now owns 19,812 shares of the specialty chemicals company’s stock worth $1,900,000 after acquiring an additional 17,458 shares during the last quarter. Hilltop Holdings Inc. raised its holdings in shares of LyondellBasell Industries by 58.6% in the 3rd quarter. Hilltop Holdings Inc. now owns 7,282 shares of the specialty chemicals company’s stock valued at $698,000 after acquiring an additional 2,692 shares in the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of LyondellBasell Industries by 18.2% in the 3rd quarter. HighTower Advisors LLC now owns 1,038,687 shares of the specialty chemicals company’s stock valued at $99,557,000 after acquiring an additional 159,803 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LYB. Piper Sandler decreased their price objective 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. The Goldman Sachs Group lowered their price objective on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. Royal Bank of Canada upped their target price on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. lowered their price target on LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Finally, Mizuho cut their price objective on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $87.58.

Insider Transactions at LyondellBasell Industries

In related news, Director Michael Sean Hanley purchased 3,750 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost of $72.05 per share, with a total value of $270,187.50. Following the completion of the purchase, the director now directly owns 16,028 shares in the company, valued at approximately $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. Corporate insiders own 0.11% of the company’s stock.

LyondellBasell Industries Stock Performance

NYSE:LYB opened at $70.68 on Thursday. 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 $69.12 and a fifty-two week high of $107.02. The business has a 50 day moving average price of $75.16 and a 200-day moving average price of $80.71. The firm has a market cap of $22.86 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 0.97 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB) last announced 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 quarter in the prior year, the business posted $1.26 earnings per share. Equities research analysts predict that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 7.58%. The ex-dividend date was Monday, March 10th. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 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.