LyondellBasell Industries (NYSE:LYB) Shares Bought by XML Financial LLC

XML Financial LLC lifted its stake in LyondellBasell Industries (NYSE:LYB) by 50.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,303 shares of the specialty chemicals company’s stock after buying an additional 1,783 shares during the period. XML Financial LLC’s holdings in LyondellBasell Industries were worth $394,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CVA Family Office LLC grew its holdings in shares of LyondellBasell Industries by 155.9% during the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 159 shares during the last quarter. Matrix Trust Co purchased a new position in LyondellBasell Industries during the 3rd quarter worth approximately $30,000. Ashton Thomas Securities LLC acquired a new position in LyondellBasell Industries during the third quarter worth approximately $31,000. Rosenberg Matthew Hamilton lifted its stake in LyondellBasell Industries by 268.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock valued at $30,000 after buying an additional 295 shares during the last quarter. Finally, Fortitude Family Office LLC boosted its holdings in shares of LyondellBasell Industries by 162.0% in the third quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company’s stock valued at $45,000 after acquiring an additional 290 shares during the period. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other LyondellBasell Industries news, Director Robin W.T. Buchanan acquired 5,000 shares of the stock in a transaction dated Friday, December 13th. The stock was acquired at an average price 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 in the company, valued at approximately $1,382,390.50. This trade represents a 37.95 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on LYB. Wells Fargo & Company cut their target price 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. Morgan Stanley reduced their target price 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. Mizuho lowered their price target on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. Barclays reduced their price objective on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. lowered their target price on LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $94.33.

LyondellBasell Industries Trading Down 0.8 %

Shares of LYB stock opened at $77.11 on Thursday. LyondellBasell Industries has a fifty-two week low of $72.21 and a fifty-two week high of $107.02. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. The business has a fifty day simple moving average of $77.36 and a 200-day simple moving average of $88.13. The stock has a market cap of $25.04 billion, a P/E ratio of 11.74, a P/E/G ratio of 5.09 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The business had revenue of $10.33 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the previous year, the firm posted $2.46 EPS. The business’s revenue was down 2.8% on a year-over-year basis. On average, analysts forecast that LyondellBasell Industries will post 6.48 earnings per share for the current fiscal 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 issued a $1.34 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.95%. LyondellBasell Industries’s dividend payout ratio (DPR) is 81.58%.

LyondellBasell Industries 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.