Retirement Planning Co of New England Inc. Purchases 3,549 Shares of LyondellBasell Industries (NYSE:LYB)

Retirement Planning Co of New England Inc. boosted its position in LyondellBasell Industries (NYSE:LYB) by 141.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,054 shares of the specialty chemicals company’s stock after acquiring an additional 3,549 shares during the period. Retirement Planning Co of New England Inc.’s holdings in LyondellBasell Industries were worth $450,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. HighTower Advisors LLC lifted its holdings in shares of LyondellBasell Industries by 18.2% in the third quarter. HighTower Advisors LLC now owns 1,038,687 shares of the specialty chemicals company’s stock valued at $99,557,000 after purchasing an additional 159,803 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of LyondellBasell Industries by 3.7% in the third quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company’s stock valued at $501,501,000 after purchasing an additional 187,150 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in shares of LyondellBasell Industries by 23.1% in the third quarter. Quantinno Capital Management LP now owns 61,897 shares of the specialty chemicals company’s stock valued at $5,936,000 after purchasing an additional 11,610 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in shares of LyondellBasell Industries by 202.4% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 12,986 shares of the specialty chemicals company’s stock valued at $964,000 after purchasing an additional 8,691 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its holdings in shares of LyondellBasell Industries by 8.1% in the fourth quarter. Sound Income Strategies LLC now owns 271,626 shares of the specialty chemicals company’s stock valued at $20,174,000 after purchasing an additional 20,310 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

LYB has been the topic of a number of recent research reports. StockNews.com lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Piper Sandler decreased their price target on LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Mizuho decreased their price target on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. JPMorgan Chase & Co. decreased their price target on LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company decreased their price target on LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $88.25.

Insider Activity

In related news, Director Michael Sean Hanley purchased 3,750 shares of LyondellBasell Industries stock in a transaction dated Wednesday, March 12th. The stock was bought at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the completion of the transaction, the director now owns 16,028 shares in the company, valued at $1,154,817.40. This trade represents a 30.54 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.11% of the stock is owned by company insiders.

LyondellBasell Industries Stock Performance

NYSE:LYB opened at $75.20 on Tuesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. The business has a fifty day simple moving average of $76.11 and a two-hundred day simple moving average of $82.60. LyondellBasell Industries has a 1 year low of $71.81 and a 1 year high of $107.02. The company has a market capitalization of $24.32 billion, a P/E ratio of 18.16, a P/E/G ratio of 0.97 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company earned $1.26 earnings per share. On average, analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 7.13%. The ex-dividend date of this dividend was Monday, March 10th. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 129.47%.

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.