LyondellBasell Industries (NYSE:LYB - Get Free Report) Director Michael Sean Hanley bought 3,750 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was bought at an average price of $72.05 per share, for a total transaction of $270,187.50. Following the purchase, the director now directly owns 16,028 shares of the company's stock, valued at $1,154,817.40. The trade was a 30.54 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
LyondellBasell Industries Trading Up 0.5 %
Shares of NYSE:LYB opened at $72.55 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. LyondellBasell Industries has a 12-month low of $71.81 and a 12-month high of $107.02. The business has a 50 day moving average of $76.05 and a two-hundred day moving average of $83.13. The company has a market capitalization of $23.47 billion, a PE ratio of 17.52, a PEG ratio of 0.97 and a beta of 1.06.
LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 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 period in the previous year, the business posted $1.26 earnings per share. As a group, analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current year.
LyondellBasell Industries Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be given a $1.34 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $5.36 annualized dividend and a yield of 7.39%. LyondellBasell Industries's dividend payout ratio is presently 129.47%.
Institutional Investors Weigh In On LyondellBasell Industries
Several hedge funds have recently bought and sold shares of LYB. Principal Financial Group Inc. boosted its position in LyondellBasell Industries by 6.3% in the 3rd quarter. Principal Financial Group Inc. now owns 307,496 shares of the specialty chemicals company's stock worth $29,489,000 after purchasing an additional 18,311 shares in the last quarter. Assetmark Inc. lifted its position in shares of LyondellBasell Industries by 17.1% during the 3rd quarter. Assetmark Inc. now owns 26,388 shares of the specialty chemicals company's stock valued at $2,531,000 after buying an additional 3,863 shares in the last quarter. Atria Investments Inc lifted its position in shares of LyondellBasell Industries by 0.8% during the 3rd quarter. Atria Investments Inc now owns 47,792 shares of the specialty chemicals company's stock valued at $4,583,000 after buying an additional 399 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of LyondellBasell Industries during the 3rd quarter valued at approximately $31,000. Finally, Apollon Wealth Management LLC lifted its position in shares of LyondellBasell Industries by 11.4% during the 3rd quarter. Apollon Wealth Management LLC now owns 3,519 shares of the specialty chemicals company's stock valued at $338,000 after buying an additional 359 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company's stock.
Wall Street Analyst Weigh In
LYB has been the topic of several analyst reports. Royal Bank of Canada lifted their target price on LyondellBasell Industries from $82.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday, February 4th. Barclays cut their target price on LyondellBasell Industries from $90.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Monday, February 3rd. JPMorgan Chase & Co. cut their target price on LyondellBasell Industries from $90.00 to $80.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. The Goldman Sachs Group cut their target price on LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating on the stock in a research note on Thursday, December 12th. Finally, Mizuho dropped their price target on LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating on the stock in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $88.25.
Get Our Latest Analysis on LyondellBasell Industries
LyondellBasell Industries Company Profile
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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.
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