3,188 Shares in LyondellBasell Industries (NYSE:LYB) Bought by West Family Investments Inc.

West Family Investments Inc. purchased a new stake in shares of LyondellBasell Industries (NYSE:LYB) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 3,188 shares of the specialty chemicals company’s stock, valued at approximately $237,000.

Several other institutional investors have also recently modified their holdings of the company. Webster Bank N. A. raised its stake in shares of LyondellBasell Industries by 70.4% during 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 last quarter. Rosenberg Matthew Hamilton boosted its position in LyondellBasell Industries by 268.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock worth $30,000 after acquiring an additional 295 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in LyondellBasell Industries in the 3rd quarter valued at $31,000. Pinnacle Bancorp Inc. purchased a new stake in shares of LyondellBasell Industries in the fourth quarter valued at about $59,000. Finally, Brooklyn Investment Group purchased a new stake in shares of LyondellBasell Industries in the 3rd quarter valued at approximately $60,000. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Robin W.T. Buchanan purchased 5,000 shares of the stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the acquisition, the director now directly owns 18,175 shares in the company, valued at $1,382,390.50. This represents a 37.95 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Barclays dropped their price target on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. The Goldman Sachs Group decreased their price objective on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a research note on Thursday, December 12th. JPMorgan Chase & Co. lowered their target price on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. 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 note on Thursday, February 13th. Finally, Mizuho cut their target price on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, LyondellBasell Industries presently has a consensus rating of “Hold” and an average target price of $88.25.

LyondellBasell Industries Stock Performance

NYSE:LYB opened at $77.53 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $25.08 billion, a P/E ratio of 18.73, a price-to-earnings-growth ratio of 0.97 and a beta of 1.06. The firm has a 50-day moving average price of $76.04 and a two-hundred day moving average price of $83.78. LyondellBasell Industries has a twelve month low of $72.21 and a twelve month high of $107.02.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share 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 previous year, the firm earned $1.26 EPS. As a group, research analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a $1.34 dividend. The ex-dividend date is Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.91%. LyondellBasell Industries’s dividend payout ratio (DPR) is 129.47%.

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.