LyondellBasell Industries NV (NYSE:LYB) major shareholder Ai Investments Holdings Llc acquired 2,186,973 shares of LyondellBasell Industries stock in a transaction dated Tuesday, November 13th. The stock was purchased at an average price of $95.60 per share, with a total value of $209,074,618.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Ai Investments Holdings Llc also recently made the following trade(s):

  • On Thursday, November 8th, Ai Investments Holdings Llc acquired 1,602,455 shares of LyondellBasell Industries stock. The stock was purchased at an average price of $95.65 per share, with a total value of $153,274,820.75.
  • On Monday, November 5th, Ai Investments Holdings Llc acquired 131,870 shares of LyondellBasell Industries stock. The stock was purchased at an average price of $93.10 per share, with a total value of $12,277,097.00.
  • On Thursday, November 1st, Ai Investments Holdings Llc acquired 474,938 shares of LyondellBasell Industries stock. The stock was purchased at an average price of $91.51 per share, with a total value of $43,461,576.38.

LYB traded down $2.83 during trading on Friday, hitting $84.37. The company’s stock had a trading volume of 3,944,403 shares, compared to its average volume of 2,718,234. The company has a current ratio of 1.82, a quick ratio of 1.09 and a debt-to-equity ratio of 0.67. LyondellBasell Industries NV has a twelve month low of $84.17 and a twelve month high of $121.95. The firm has a market cap of $33.85 billion, a P/E ratio of 8.25, a PEG ratio of 0.79 and a beta of 1.24.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Tuesday, October 30th. The specialty chemicals company reported $2.96 EPS for the quarter, beating the consensus estimate of $2.68 by $0.28. LyondellBasell Industries had a return on equity of 47.35% and a net margin of 15.01%. The company had revenue of $10.16 billion for the quarter, compared to analyst estimates of $9.95 billion. During the same period last year, the company earned $2.67 earnings per share. LyondellBasell Industries’s quarterly revenue was up 19.2% compared to the same quarter last year. Equities research analysts forecast that LyondellBasell Industries NV will post 11.81 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 10th will be issued a $1.00 dividend. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $0.78. This represents a $4.00 annualized dividend and a yield of 4.74%. The ex-dividend date is Friday, December 7th. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 39.10%.

LYB has been the subject of several recent research reports. Zacks Investment Research cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Monday, October 8th. Cowen reduced their price target on LyondellBasell Industries from $113.00 to $103.00 and set a “market perform” rating for the company in a research report on Friday, September 7th. Jefferies Financial Group reiterated a “buy” rating on shares of LyondellBasell Industries in a research report on Thursday, November 15th. JPMorgan Chase & Co. cut LyondellBasell Industries from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $110.00 to $95.00 in a research report on Wednesday, September 19th. Finally, Alembic Global Advisors set a $120.00 price target on LyondellBasell Industries and gave the company a “buy” rating in a research report on Monday, November 12th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company’s stock. LyondellBasell Industries has a consensus rating of “Hold” and an average price target of $116.88.

A number of institutional investors and hedge funds have recently modified their holdings of LYB. Vanguard Group Inc. boosted its stake in shares of LyondellBasell Industries by 0.7% in the third quarter. Vanguard Group Inc. now owns 25,762,376 shares of the specialty chemicals company’s stock worth $2,640,901,000 after acquiring an additional 179,076 shares during the last quarter. BlackRock Inc. boosted its stake in shares of LyondellBasell Industries by 0.4% in the third quarter. BlackRock Inc. now owns 22,716,530 shares of the specialty chemicals company’s stock worth $2,328,672,000 after acquiring an additional 94,675 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of LyondellBasell Industries by 3.4% in the third quarter. Janus Henderson Group PLC now owns 5,649,960 shares of the specialty chemicals company’s stock worth $579,177,000 after acquiring an additional 186,039 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of LyondellBasell Industries by 9.6% in the third quarter. Bank of New York Mellon Corp now owns 4,746,054 shares of the specialty chemicals company’s stock worth $486,518,000 after acquiring an additional 414,462 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of LyondellBasell Industries by 0.3% in the third quarter. Morgan Stanley now owns 4,620,137 shares of the specialty chemicals company’s stock worth $473,610,000 after acquiring an additional 13,175 shares during the last quarter. 73.24% of the stock is currently owned by institutional investors.

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LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in five segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers, copolymers, and compounds.

Further Reading: Stock Symbols and CUSIP Explained

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