147,242 Shares in LyondellBasell Industries (NYSE:LYB) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC acquired a new stake in LyondellBasell Industries (NYSE:LYB) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 147,242 shares of the specialty chemicals company’s stock, valued at approximately $14,000,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. raised its stake in LyondellBasell Industries by 35.5% during the 4th quarter. Pacer Advisors Inc. now owns 3,571,985 shares of the specialty chemicals company’s stock valued at $339,624,000 after acquiring an additional 935,430 shares during the last quarter. Invesco Ltd. raised its stake in shares of LyondellBasell Industries by 24.9% during the third quarter. Invesco Ltd. now owns 4,085,474 shares of the specialty chemicals company’s stock worth $386,894,000 after purchasing an additional 815,083 shares during the last quarter. FMR LLC raised its stake in shares of LyondellBasell Industries by 10.3% during the third quarter. FMR LLC now owns 8,408,551 shares of the specialty chemicals company’s stock worth $796,290,000 after purchasing an additional 787,221 shares during the last quarter. ANTIPODES PARTNERS Ltd acquired a new stake in shares of LyondellBasell Industries during the third quarter worth $67,160,000. Finally, Bank of Nova Scotia grew its position in LyondellBasell Industries by 3,162.5% in the 3rd quarter. Bank of Nova Scotia now owns 614,259 shares of the specialty chemicals company’s stock valued at $58,170,000 after buying an additional 595,431 shares during the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at LyondellBasell Industries

In other news, CFO Michael C. Mcmurray sold 16,940 shares of LyondellBasell Industries stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $100.84, for a total transaction of $1,708,229.60. Following the completion of the sale, the chief financial officer now directly owns 88,858 shares in the company, valued at $8,960,440.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other LyondellBasell Industries news, CFO Michael C. Mcmurray sold 16,940 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $100.84, for a total transaction of $1,708,229.60. Following the transaction, the chief financial officer now owns 88,858 shares of the company’s stock, valued at approximately $8,960,440.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robin W.T. Buchanan sold 18,111 shares of LyondellBasell Industries stock in a transaction on Friday, March 15th. The shares were sold at an average price of $100.46, for a total value of $1,819,431.06. Following the completion of the sale, the director now directly owns 12,276 shares of the company’s stock, valued at approximately $1,233,246.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 80,853 shares of company stock worth $8,077,267. Corporate insiders own 0.11% of the company’s stock.

LyondellBasell Industries Stock Performance

Shares of LYB opened at $99.12 on Friday. The company has a 50-day moving average of $101.07 and a two-hundred day moving average of $96.71. The stock has a market cap of $32.28 billion, a P/E ratio of 15.32, a PEG ratio of 1.42 and a beta of 1.18. LyondellBasell Industries has a 12-month low of $84.80 and a 12-month high of $106.69. The company has a current ratio of 2.12, a quick ratio of 1.32 and a debt-to-equity ratio of 0.85.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.17. The firm had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.70 billion. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. LyondellBasell Industries’s revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.50 EPS. As a group, research analysts predict that LyondellBasell Industries will post 8.5 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, March 4th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 5.04%. The ex-dividend date was Friday, March 1st. LyondellBasell Industries’s payout ratio is 77.28%.

Analyst Ratings Changes

Several research firms have recently commented on LYB. Barclays raised their target price on shares of LyondellBasell Industries from $98.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. Wells Fargo & Company lifted their price objective on LyondellBasell Industries from $105.00 to $117.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. JPMorgan Chase & Co. increased their target price on LyondellBasell Industries from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. Wolfe Research assumed coverage on LyondellBasell Industries in a research note on Friday, March 1st. They issued an “underperform” rating on the stock. Finally, Royal Bank of Canada increased their price objective on LyondellBasell Industries from $107.00 to $113.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $104.75.

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.