LyondellBasell Industries (NYSE:LYB) Stake Lifted by First Trust Advisors LP

First Trust Advisors LP increased its position in shares of LyondellBasell Industries (NYSE:LYB) by 34.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,139,142 shares of the specialty chemicals company’s stock after purchasing an additional 290,459 shares during the period. First Trust Advisors LP owned 0.35% of LyondellBasell Industries worth $84,604,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in LyondellBasell Industries by 3.7% during the third quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company’s stock worth $501,501,000 after buying an additional 187,150 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its position in shares of LyondellBasell Industries by 202.4% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 12,986 shares of the specialty chemicals company’s stock valued at $964,000 after acquiring an additional 8,691 shares during the last quarter. Sound Income Strategies LLC boosted its stake in shares of LyondellBasell Industries by 8.1% during the 4th quarter. Sound Income Strategies LLC now owns 271,626 shares of the specialty chemicals company’s stock worth $20,174,000 after acquiring an additional 20,310 shares in the last quarter. Merrion Investment Management Co LLC acquired a new position in shares of LyondellBasell Industries in the 4th quarter worth $503,000. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in shares of LyondellBasell Industries by 26.4% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 18,973 shares of the specialty chemicals company’s stock valued at $1,409,000 after purchasing an additional 3,958 shares during the last quarter. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Stock Performance

Shares of NYSE LYB opened at $56.27 on Tuesday. The business’s 50-day simple moving average is $69.15 and its 200-day simple moving average is $76.69. LyondellBasell Industries has a 52 week low of $51.11 and a 52 week high of $107.02. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. The firm has a market cap of $18.17 billion, a price-to-earnings ratio of 13.59, a P/E/G ratio of 0.97 and a beta of 0.89.

LyondellBasell Industries (NYSE:LYB) last posted 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 return on equity of 15.97% and a net margin of 3.39%. During the same quarter in the prior year, the company earned $1.26 EPS. As a group, equities research analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.36 annualized dividend and a dividend yield of 9.53%. LyondellBasell Industries’s dividend payout ratio is presently 129.47%.

Insider Activity at LyondellBasell Industries

In related news, Director Michael Sean Hanley bought 3,750 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the purchase, the director now directly owns 16,028 shares in the company, valued at $1,154,817.40. This trade 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 link. 0.11% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have commented on LYB shares. Citigroup reduced their price objective on shares of LyondellBasell Industries from $75.00 to $66.00 and set a “neutral” rating for the company in a research note on Friday, April 4th. Wells Fargo & Company decreased their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, April 4th. Morgan Stanley decreased their target price on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. StockNews.com downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $60.00 price target (down from $80.00) on shares of LyondellBasell Industries in a research report on Friday, April 4th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $76.50.

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.