Banque Pictet & Cie SA Purchases 28,389 Shares of LyondellBasell Industries (NYSE:LYB)

Banque Pictet & Cie SA boosted its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 12.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 258,647 shares of the specialty chemicals company’s stock after purchasing an additional 28,389 shares during the period. Banque Pictet & Cie SA owned about 0.08% of LyondellBasell Industries worth $19,210,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CWM LLC lifted its stake in LyondellBasell Industries by 14.0% in the third quarter. CWM LLC now owns 8,360 shares of the specialty chemicals company’s stock worth $802,000 after acquiring an additional 1,025 shares during the period. Ritholtz Wealth Management boosted its stake in shares of LyondellBasell Industries by 57.1% during the 3rd quarter. Ritholtz Wealth Management now owns 4,002 shares of the specialty chemicals company’s stock valued at $384,000 after purchasing an additional 1,454 shares in the last quarter. Inspire Investing LLC raised its stake in LyondellBasell Industries by 7.8% in the third quarter. Inspire Investing LLC now owns 4,024 shares of the specialty chemicals company’s stock worth $386,000 after buying an additional 290 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in LyondellBasell Industries by 1,171.9% in the third quarter. Exchange Traded Concepts LLC now owns 1,132 shares of the specialty chemicals company’s stock worth $109,000 after buying an additional 1,043 shares during the period. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of LyondellBasell Industries during the third quarter valued at approximately $201,000. Institutional investors own 71.20% of the company’s stock.

Analysts Set New Price Targets

LYB has been the topic of a number of research reports. Barclays dropped their target price 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. Mizuho lowered their price objective on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a research note on Monday, December 9th. StockNews.com downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. UBS Group reduced their price objective on shares of LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $88.25.

LyondellBasell Industries Stock Performance

NYSE:LYB opened at $76.27 on Friday. The stock has a 50-day moving average price of $75.61 and a 200 day moving average price of $86.06. The stock has a market capitalization of $24.77 billion, a P/E ratio of 18.42, a P/E/G ratio of 0.92 and a beta of 1.05. LyondellBasell Industries has a 12-month low of $72.21 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.

LyondellBasell Industries (NYSE:LYB) last released 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 quarter in the prior year, the firm posted $1.26 EPS. Equities research analysts forecast that LyondellBasell Industries will post 6.68 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 7.03%. The ex-dividend date of this dividend was Monday, December 2nd. LyondellBasell Industries’s payout ratio is 129.47%.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan purchased 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, with a total value of $380,300.00. Following the acquisition, the director now owns 18,175 shares in the company, valued at approximately $1,382,390.50. The trade was a 37.95 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.11% of the company’s stock.

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.