Coombe Bender & Co LLC Grows Stock Position in LyondellBasell Industries (NYSE:LYB)

Coombe Bender & Co LLC lifted its position in shares of LyondellBasell Industries (NYSE:LYB) by 6.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,316 shares of the specialty chemicals company’s stock after purchasing an additional 1,406 shares during the period. LyondellBasell Industries comprises 1.4% of Coombe Bender & Co LLC’s portfolio, making the stock its 22nd largest position. Coombe Bender & Co LLC’s holdings in LyondellBasell Industries were worth $2,312,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Fisher Asset Management LLC purchased a new position in shares of LyondellBasell Industries during the 4th quarter valued at approximately $229,000. McIlrath & Eck LLC boosted its stake in LyondellBasell Industries by 100.7% during the 4th quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock valued at $27,000 after acquiring an additional 141 shares during the last quarter. First Trust Direct Indexing L.P. grew its holdings in LyondellBasell Industries by 21.2% during the 4th quarter. First Trust Direct Indexing L.P. now owns 8,425 shares of the specialty chemicals company’s stock worth $801,000 after acquiring an additional 1,474 shares in the last quarter. New York Life Investment Management LLC increased its position in shares of LyondellBasell Industries by 0.6% in the 4th quarter. New York Life Investment Management LLC now owns 40,192 shares of the specialty chemicals company’s stock worth $3,821,000 after purchasing an additional 257 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of LyondellBasell Industries by 1.2% in the 4th quarter. Victory Capital Management Inc. now owns 1,140,336 shares of the specialty chemicals company’s stock valued at $108,423,000 after purchasing an additional 13,169 shares in the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on LYB. Deutsche Bank Aktiengesellschaft boosted their price objective on LyondellBasell Industries from $100.00 to $105.00 and gave the company a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. raised their price objective on LyondellBasell Industries from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. Vertical Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. Citigroup raised their price target on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. Finally, Royal Bank of Canada upped their target price on shares of LyondellBasell Industries from $107.00 to $113.00 and gave the stock an “outperform” rating in a research report on Monday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $104.75.

LyondellBasell Industries Stock Down 0.9 %

NYSE LYB traded down $0.86 during trading on Thursday, reaching $98.66. 528,283 shares of the company’s stock were exchanged, compared to its average volume of 1,917,500. The firm has a market capitalization of $32.13 billion, a PE ratio of 15.38, a P/E/G ratio of 1.26 and a beta of 1.18. The company has a current ratio of 2.12, a quick ratio of 1.32 and a debt-to-equity ratio of 0.85. The company’s fifty day simple moving average is $101.07 and its 200-day simple moving average is $96.65. LyondellBasell Industries has a fifty-two week low of $84.80 and a fifty-two week high of $106.69.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data 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 net margin of 5.20% and a return on equity of 19.31%. The firm had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.70 billion. During the same quarter last year, the firm earned $2.50 earnings per share. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. Sell-side analysts predict that LyondellBasell Industries will post 8.49 EPS for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 5.07%. The ex-dividend date was Friday, March 1st. LyondellBasell Industries’s payout ratio is 77.28%.

Insider Activity at LyondellBasell Industries

In other LyondellBasell Industries news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $100.47, for a total transaction of $711,729.48. Following the completion of the sale, the chief accounting officer now owns 27,575 shares of the company’s stock, valued at $2,770,460.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other LyondellBasell Industries news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $100.47, for a total transaction of $711,729.48. Following the completion of the transaction, the chief accounting officer now owns 27,575 shares of the company’s stock, valued at approximately $2,770,460.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kenneth Todd Lane sold 29,229 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 91,758 shares in the company, valued at $9,101,476.02. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 80,853 shares of company stock valued at $8,077,267. Corporate 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.