LyondellBasell Industries (NYSE:LYB) Stock Holdings Boosted by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its position in shares of LyondellBasell Industries (NYSE:LYB) by 290.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 55,843 shares of the specialty chemicals company’s stock after acquiring an additional 41,524 shares during the period. Assenagon Asset Management S.A.’s holdings in LyondellBasell Industries were worth $4,147,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Hsbc Holdings PLC grew its position in LyondellBasell Industries by 10.4% in the 2nd quarter. Hsbc Holdings PLC now owns 131,089 shares of the specialty chemicals company’s stock valued at $12,603,000 after buying an additional 12,301 shares in the last quarter. Seven Eight Capital LP bought a new position in LyondellBasell Industries in the 2nd quarter valued at about $237,000. Summit Trail Advisors LLC grew its position in LyondellBasell Industries by 5.7% in the 2nd quarter. Summit Trail Advisors LLC now owns 5,751 shares of the specialty chemicals company’s stock valued at $550,000 after buying an additional 308 shares in the last quarter. ProShare Advisors LLC grew its position in LyondellBasell Industries by 19.7% in the 2nd quarter. ProShare Advisors LLC now owns 51,177 shares of the specialty chemicals company’s stock valued at $4,896,000 after buying an additional 8,409 shares in the last quarter. Finally, Frank Rimerman Advisors LLC bought a new position in LyondellBasell Industries in the 2nd quarter valued at about $1,852,000. Institutional investors own 71.20% of the company’s stock.

Insider Transactions at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan purchased 5,000 shares of LyondellBasell Industries stock in a transaction dated Friday, December 13th. The stock was acquired 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 directly owns 18,175 shares of the company’s stock, valued at $1,382,390.50. This trade represents a 37.95 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.11% of the stock is owned by insiders.

Analyst Ratings Changes

LYB has been the subject of a number of recent analyst reports. Piper Sandler reiterated a “neutral” rating and issued a $95.00 target price (down previously from $112.00) on shares of LyondellBasell Industries in a research report on Tuesday, January 7th. The Goldman Sachs Group cut their price target on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a report on Thursday, December 12th. Morgan Stanley cut their price target on shares of LyondellBasell Industries from $110.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, January 13th. JPMorgan Chase & Co. cut their price target on shares of LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, December 6th. Finally, StockNews.com downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $94.33.

LyondellBasell Industries Price Performance

LYB stock opened at $77.35 on Tuesday. 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 has a one year low of $72.21 and a one year high of $107.02. The firm has a market capitalization of $25.12 billion, a PE ratio of 11.77, a P/E/G ratio of 1.74 and a beta of 1.06. The firm has a 50-day moving average of $77.63 and a two-hundred day moving average of $88.37.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). The firm had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. LyondellBasell Industries’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.46 earnings per share. On average, analysts forecast that LyondellBasell Industries will post 6.8 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 6.93%. The ex-dividend date of this dividend was Monday, December 2nd. LyondellBasell Industries’s dividend payout ratio (DPR) is 81.58%.

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.