Opinicus Capital Inc. Invests $246,000 in LyondellBasell Industries (NYSE:LYB)

Opinicus Capital Inc. purchased a new position in LyondellBasell Industries (NYSE:LYB) in the 4th quarter, HoldingsChannel reports. The fund purchased 2,589 shares of the specialty chemicals company’s stock, valued at approximately $246,000.

Several other large investors have also recently modified their holdings of the stock. Pacer Advisors Inc. raised its position in LyondellBasell Industries by 35.5% in the 4th quarter. Pacer Advisors Inc. now owns 3,571,985 shares of the specialty chemicals company’s stock worth $339,624,000 after buying an additional 935,430 shares during the last quarter. Invesco Ltd. raised its position in LyondellBasell Industries by 24.9% in the 3rd quarter. Invesco Ltd. now owns 4,085,474 shares of the specialty chemicals company’s stock worth $386,894,000 after buying an additional 815,083 shares during the last quarter. FMR LLC increased its position in shares of LyondellBasell Industries by 10.3% during the 3rd quarter. FMR LLC now owns 8,408,551 shares of the specialty chemicals company’s stock valued at $796,290,000 after purchasing an additional 787,221 shares during the last quarter. ANTIPODES PARTNERS Ltd purchased a new stake in shares of LyondellBasell Industries during the 3rd quarter valued at about $67,160,000. Finally, Bank of Nova Scotia increased its position in shares of LyondellBasell Industries by 3,162.5% during the 3rd quarter. Bank of Nova Scotia now owns 614,259 shares of the specialty chemicals company’s stock valued at $58,170,000 after purchasing an additional 595,431 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LYB. Vertical Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, January 3rd. JPMorgan Chase & Co. upped their price target on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. Royal Bank of Canada restated an “outperform” rating and issued a $107.00 price target on shares of LyondellBasell Industries in a research note on Monday, February 5th. Citigroup upped their price objective on LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. Finally, Deutsche Bank Aktiengesellschaft cut LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 price objective on the stock. in a report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $103.82.

LyondellBasell Industries Trading Up 2.5 %

NYSE:LYB traded up $2.45 during midday trading on Friday, hitting $102.13. 2,651,865 shares of the company traded hands, compared to its average volume of 1,436,825. The firm’s fifty day moving average is $100.87 and its 200-day moving average is $96.50. LyondellBasell Industries has a 12-month low of $84.80 and a 12-month high of $106.69. The firm has a market capitalization of $33.24 billion, a P/E ratio of 15.79, a P/E/G ratio of 1.25 and a beta of 1.19. The company has a current ratio of 1.84, a quick ratio of 1.17 and a debt-to-equity ratio of 0.80.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.17. LyondellBasell Industries had a return on equity of 21.89% and a net margin of 5.16%. The company had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.70 billion. During the same quarter in the prior year, the firm posted $2.50 EPS. LyondellBasell Industries’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, sell-side analysts predict that LyondellBasell Industries will post 8.69 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were paid a $1.25 dividend. The ex-dividend date was Friday, March 1st. This represents a $5.00 dividend on an annualized basis and a yield of 4.90%. LyondellBasell Industries’s payout ratio is 77.28%.

Insiders Place Their Bets

In other LyondellBasell Industries news, Director Robin W.T. Buchanan sold 18,111 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $100.46, for a total value of $1,819,431.06. Following the completion of the sale, the director now owns 12,276 shares of the company’s stock, valued at $1,233,246.96. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, EVP Kenneth Todd Lane sold 29,229 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $99.19, for a total value of $2,899,224.51. Following the sale, the executive vice president now directly owns 91,758 shares of the company’s stock, valued at approximately $9,101,476.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robin W.T. Buchanan sold 18,111 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the transaction, the director now directly owns 12,276 shares of the company’s stock, valued at approximately $1,233,246.96. The disclosure for this sale can be found here. Insiders have sold a total of 80,853 shares of company stock worth $8,077,267 over the last quarter. Company insiders own 0.11% of the company’s stock.

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.