Zurcher Kantonalbank Zurich Cantonalbank Acquires 46,808 Shares of LyondellBasell Industries (NYSE:LYB)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in LyondellBasell Industries (NYSE:LYB) by 39.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 166,635 shares of the specialty chemicals company’s stock after buying an additional 46,808 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in LyondellBasell Industries were worth $15,844,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Blair William & Co. IL grew its position in LyondellBasell Industries by 1.0% in the 1st quarter. Blair William & Co. IL now owns 10,812 shares of the specialty chemicals company’s stock valued at $1,112,000 after acquiring an additional 107 shares during the last quarter. Mutual Advisors LLC grew its position in LyondellBasell Industries by 0.8% in the 3rd quarter. Mutual Advisors LLC now owns 14,386 shares of the specialty chemicals company’s stock valued at $1,362,000 after acquiring an additional 111 shares during the last quarter. Covestor Ltd grew its position in LyondellBasell Industries by 33.9% in the 1st quarter. Covestor Ltd now owns 446 shares of the specialty chemicals company’s stock valued at $46,000 after acquiring an additional 113 shares during the last quarter. Bell & Brown Wealth Advisors LLC grew its position in LyondellBasell Industries by 1.0% in the 2nd quarter. Bell & Brown Wealth Advisors LLC now owns 11,133 shares of the specialty chemicals company’s stock valued at $1,022,000 after acquiring an additional 115 shares during the last quarter. Finally, Czech National Bank lifted its holdings in shares of LyondellBasell Industries by 0.3% in the 4th quarter. Czech National Bank now owns 44,879 shares of the specialty chemicals company’s stock worth $4,267,000 after buying an additional 116 shares during the period. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Trading Down 0.3 %

Shares of NYSE:LYB opened at $99.40 on Friday. The business’s 50-day moving average is $100.31 and its 200 day moving average is $96.13. LyondellBasell Industries has a 1 year low of $84.80 and a 1 year high of $106.69. The firm has a market capitalization of $32.35 billion, a P/E ratio of 15.36, a P/E/G ratio of 1.23 and a beta of 1.19. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.84 and a quick ratio of 1.17.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, February 2nd. The specialty chemicals company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.07). LyondellBasell Industries had a net margin of 5.16% and a return on equity of 21.89%. The business had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.85 billion. During the same period in the prior year, the company earned $1.29 earnings per share. The company’s quarterly revenue was down 6.6% on a year-over-year basis. On average, research analysts predict that LyondellBasell Industries will post 8.63 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date was Friday, March 1st. LyondellBasell Industries’s dividend payout ratio is presently 77.28%.

Insider Activity

In other news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $100.47, for a total value of $711,729.48. Following the transaction, the chief accounting officer now directly owns 27,575 shares of the company’s stock, valued at $2,770,460.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other LyondellBasell Industries news, EVP Kenneth Todd Lane sold 29,229 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $99.19, for a total value of $2,899,224.51. Following the completion of the transaction, the executive vice president now directly owns 91,758 shares of the company’s stock, valued at $9,101,476.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $100.47, for a total value of $711,729.48. Following the completion of the transaction, the chief accounting officer now directly owns 27,575 shares of the company’s stock, valued at $2,770,460.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,853 shares of company stock valued at $8,077,267. Company insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LYB. Wells Fargo & Company upped their target price on LyondellBasell Industries from $105.00 to $117.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. JPMorgan Chase & Co. upped their target price on LyondellBasell Industries from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. Barclays upped their target price on LyondellBasell Industries from $98.00 to $100.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. Citigroup upped their target price on LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. Finally, Vertical Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, LyondellBasell Industries presently has a consensus rating of “Hold” and a consensus price target of $103.82.

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.