LyondellBasell Industries (NYSE:LYB) Shares Bought by Cairn Investment Group Inc.

Cairn Investment Group Inc. grew its stake in shares of LyondellBasell Industries (NYSE:LYB) by 0.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 42,147 shares of the specialty chemicals company’s stock after acquiring an additional 155 shares during the period. LyondellBasell Industries comprises about 1.8% of Cairn Investment Group Inc.’s portfolio, making the stock its 23rd largest holding. Cairn Investment Group Inc.’s holdings in LyondellBasell Industries were worth $3,130,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of LYB. CVA Family Office LLC raised its stake in LyondellBasell Industries by 155.9% during the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 159 shares during the period. Matrix Trust Co acquired a new stake in LyondellBasell Industries during the 3rd quarter valued at $30,000. Ashton Thomas Securities LLC acquired a new stake in LyondellBasell Industries during the 3rd quarter valued at $31,000. Webster Bank N. A. raised its stake in 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 purchasing an additional 143 shares during the period. Finally, Rosenberg Matthew Hamilton raised its stake in LyondellBasell Industries by 268.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock valued at $30,000 after purchasing an additional 295 shares during the period. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. Mizuho cut their target price on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research note on Monday, December 9th. Deutsche Bank Aktiengesellschaft cut their price objective on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a report on Monday, November 4th. Wells Fargo & Company cut their price objective on LyondellBasell Industries from $105.00 to $95.00 and set an “overweight” rating for the company in a report on Tuesday, December 10th. Finally, Piper Sandler reiterated a “neutral” rating and set a $95.00 price objective (down from $112.00) on shares of LyondellBasell Industries in a report on Tuesday, January 7th. Two investment analysts have 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, the stock currently has an average rating of “Hold” and a consensus price target of $94.33.

Insider Activity

In other LyondellBasell Industries news, Director Robin W.T. Buchanan purchased 5,000 shares of the stock in a transaction dated Friday, December 13th. The shares were bought at an average cost of $76.06 per share, with a total value of $380,300.00. Following the completion of the transaction, the director now owns 18,175 shares in the company, valued at $1,382,390.50. This trade represents a 37.95 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.11% of the stock is currently owned by company insiders.

LyondellBasell Industries Price Performance

NYSE LYB opened at $77.89 on Thursday. LyondellBasell Industries has a fifty-two week low of $72.21 and a fifty-two week high of $107.02. The stock’s 50-day moving average is $76.85 and its two-hundred day moving average is $87.56. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25. The firm has a market cap of $25.29 billion, a P/E ratio of 11.85, a price-to-earnings-growth ratio of 5.07 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.10). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The company had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter last year, the business earned $2.46 earnings per share. LyondellBasell Industries’s quarterly revenue was down 2.8% on a year-over-year basis. On average, analysts anticipate that LyondellBasell Industries will post 6.48 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were given a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 6.88%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries’s dividend payout ratio is currently 81.58%.

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.