LyondellBasell Industries (NYSE:LYB) Shares Purchased by Entropy Technologies LP

Entropy Technologies LP grew its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 79.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,525 shares of the specialty chemicals company’s stock after purchasing an additional 12,627 shares during the quarter. Entropy Technologies LP’s holdings in LyondellBasell Industries were worth $2,119,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Jacobs Levy Equity Management Inc. grew its stake in LyondellBasell Industries by 211.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,283,163 shares of the specialty chemicals company’s stock valued at $123,055,000 after acquiring an additional 871,708 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of LyondellBasell Industries by 4.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,023,982 shares of the specialty chemicals company’s stock worth $769,500,000 after purchasing an additional 362,671 shares during the last quarter. Franklin Resources Inc. grew its position in shares of LyondellBasell Industries by 11.4% in the third quarter. Franklin Resources Inc. now owns 2,875,267 shares of the specialty chemicals company’s stock valued at $268,664,000 after purchasing an additional 293,622 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of LyondellBasell Industries by 4.4% in the third quarter. Geode Capital Management LLC now owns 6,605,151 shares of the specialty chemicals company’s stock valued at $638,964,000 after purchasing an additional 277,108 shares during the last quarter. Finally, State Street Corp lifted its position in 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 in the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. The Goldman Sachs Group dropped their target price on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a report on Thursday, December 12th. Wells Fargo & Company cut their price objective on shares of LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Piper Sandler reiterated a “neutral” rating and issued a $95.00 target price (down from $112.00) on shares of LyondellBasell Industries in a report on Tuesday, January 7th. StockNews.com lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, Barclays reduced their price objective on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Two analysts have 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, LyondellBasell Industries currently has an average rating of “Hold” and an average price target of $89.17.

Insider Buying and Selling

In other news, Director Robin W.T. Buchanan bought 5,000 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the purchase, the director now owns 18,175 shares in the company, valued at approximately $1,382,390.50. This trade represents a 37.95 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.11% of the company’s stock.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock opened at $76.61 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. LyondellBasell Industries has a 52-week low of $72.21 and a 52-week high of $107.02. The firm has a market cap of $24.88 billion, a PE ratio of 18.50, a price-to-earnings-growth ratio of 0.92 and a beta of 1.05. The company’s 50 day moving average is $75.86 and its two-hundred day moving average is $86.49.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (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 period last year, the firm earned $1.26 earnings per share. On average, research analysts expect that LyondellBasell Industries will post 6.68 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were given a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.00%. The ex-dividend date of this dividend was Monday, December 2nd. LyondellBasell Industries’s dividend payout ratio 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.