Czech National Bank Boosts Stake in LyondellBasell Industries (NYSE:LYB)

Czech National Bank increased its stake in shares of LyondellBasell Industries (NYSE:LYB) by 6.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 56,331 shares of the specialty chemicals company’s stock after purchasing an additional 3,352 shares during the period. Czech National Bank’s holdings in LyondellBasell Industries were worth $4,184,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. HBW Advisory Services LLC boosted its position in shares of LyondellBasell Industries by 5.5% during the 4th quarter. HBW Advisory Services LLC now owns 26,761 shares of the specialty chemicals company’s stock worth $1,988,000 after purchasing an additional 1,404 shares during the period. Ridgewood Investments LLC boosted its position in shares of LyondellBasell Industries by 20.2% during the 4th quarter. Ridgewood Investments LLC now owns 16,503 shares of the specialty chemicals company’s stock worth $1,226,000 after purchasing an additional 2,771 shares during the period. Oliver Luxxe Assets LLC boosted its position in shares of LyondellBasell Industries by 5.8% during the 4th quarter. Oliver Luxxe Assets LLC now owns 23,465 shares of the specialty chemicals company’s stock worth $1,743,000 after purchasing an additional 1,281 shares during the period. GAMMA Investing LLC boosted its position in shares of LyondellBasell Industries by 58.0% during the 4th quarter. GAMMA Investing LLC now owns 1,924 shares of the specialty chemicals company’s stock worth $143,000 after purchasing an additional 706 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of LyondellBasell Industries by 3.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company’s stock worth $501,501,000 after purchasing an additional 187,150 shares during the period. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Insider Buying and Selling

In related news, Director Robin W.T. Buchanan purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the purchase, the director now directly owns 18,175 shares of the company’s stock, valued at $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 can be accessed through this hyperlink. 0.11% of the stock is owned by company insiders.

LyondellBasell Industries Price Performance

Shares of LYB opened at $76.06 on Thursday. LyondellBasell Industries has a twelve month low of $72.21 and a twelve month high of $107.02. The firm’s fifty day simple moving average is $78.21 and its 200-day simple moving average is $88.75. The firm has a market capitalization of $24.70 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 2.13 and a beta of 1.06. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.10). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The company had revenue of $10.33 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the prior year, the business earned $2.46 earnings per share. LyondellBasell Industries’s revenue was down 2.8% compared to the same quarter last year. Equities analysts forecast that LyondellBasell Industries will post 7.02 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were paid a dividend of $1.34 per share. The ex-dividend date was Monday, December 2nd. This represents a $5.36 annualized dividend and a yield of 7.05%. LyondellBasell Industries’s dividend payout ratio is currently 81.58%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on LYB shares. Mizuho decreased their price target on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. Barclays decreased their price target on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. StockNews.com cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. decreased their price target on shares of LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. Finally, Piper Sandler reissued a “neutral” rating and issued a $95.00 price target (down previously from $112.00) on shares of LyondellBasell Industries in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $94.33.

LyondellBasell Industries 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.