LyondellBasell Industries (NYSE:LYB) Shares Purchased by Brooklyn Investment Group

Brooklyn Investment Group increased its position in shares of LyondellBasell Industries (NYSE:LYB) by 86.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,166 shares of the specialty chemicals company’s stock after acquiring an additional 539 shares during the quarter. Brooklyn Investment Group’s holdings in LyondellBasell Industries were worth $86,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of LYB. Rockland Trust Co. boosted its holdings in LyondellBasell Industries by 0.9% in the third quarter. Rockland Trust Co. now owns 13,070 shares of the specialty chemicals company’s stock worth $1,253,000 after purchasing an additional 112 shares in the last quarter. Petredis Investment Advisors LLC lifted its holdings in LyondellBasell Industries by 0.5% in the 3rd quarter. Petredis Investment Advisors LLC now owns 23,100 shares of the specialty chemicals company’s stock worth $2,215,000 after purchasing an additional 116 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in shares of LyondellBasell Industries by 25.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the specialty chemicals company’s stock worth $58,000 after buying an additional 122 shares during the period. Castleview Partners LLC lifted its position in LyondellBasell Industries by 7.2% during the 3rd quarter. Castleview Partners LLC now owns 2,023 shares of the specialty chemicals company’s stock worth $194,000 after acquiring an additional 136 shares during the last quarter. Finally, Oliver Luxxe Assets LLC boosted its holdings in LyondellBasell Industries by 0.7% during the third quarter. Oliver Luxxe Assets LLC now owns 22,184 shares of the specialty chemicals company’s stock valued at $2,127,000 after acquiring an additional 146 shares during the period. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Up 0.9 %

NYSE LYB opened at $77.35 on Monday. LyondellBasell Industries has a 1-year low of $72.21 and a 1-year high of $107.02. The company has a market capitalization of $25.12 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 1.74 and a beta of 1.06. The stock’s 50 day moving average is $77.63 and its two-hundred day moving average is $88.41. 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 (NYSE:LYB) last announced its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The company had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter last year, the company earned $2.46 earnings per share. The business’s revenue was down 2.8% on a year-over-year basis. Equities analysts forecast that LyondellBasell Industries will post 6.8 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were issued a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 6.93%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries’s dividend payout ratio is currently 81.58%.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan acquired 5,000 shares of the business’s stock in a transaction on Friday, December 13th. The stock was purchased at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the transaction, the director now owns 18,175 shares in the company, valued at $1,382,390.50. This trade represents a 37.95 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LYB. Barclays dropped their price objective on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Morgan Stanley reduced their price objective on LyondellBasell Industries from $110.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Piper Sandler reaffirmed a “neutral” rating and set a $95.00 target price (down previously from $112.00) on shares of LyondellBasell Industries in a research report on Tuesday, January 7th. StockNews.com downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Wells Fargo & Company dropped their price objective on shares of LyondellBasell Industries from $105.00 to $95.00 and set an “overweight” rating on the stock in a report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, LyondellBasell Industries has an average rating of “Hold” and a consensus price target of $94.33.

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.