LyondellBasell Industries (NYSE:LYB) Stock Holdings Lifted by FourThought Financial Partners LLC

FourThought Financial Partners LLC grew its position in LyondellBasell Industries (NYSE:LYB) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,727 shares of the specialty chemicals company’s stock after purchasing an additional 264 shares during the period. FourThought Financial Partners LLC’s holdings in LyondellBasell Industries were worth $1,115,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LYB. Valley National Advisers Inc. bought a new position in LyondellBasell Industries during the third quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of LyondellBasell Industries in the 3rd quarter valued at $26,000. McIlrath & Eck LLC boosted its holdings in LyondellBasell Industries by 100.7% in the fourth quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock worth $27,000 after purchasing an additional 141 shares in the last quarter. Venturi Wealth Management LLC increased its position in LyondellBasell Industries by 410.2% during the fourth quarter. Venturi Wealth Management LLC now owns 301 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 242 shares during the last quarter. Finally, Webster Bank N. A. raised its holdings in LyondellBasell Industries by 7,050.0% during the fourth quarter. Webster Bank N. A. now owns 429 shares of the specialty chemicals company’s stock valued at $41,000 after buying an additional 423 shares in the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Performance

Shares of LYB traded up $0.34 on Friday, reaching $99.12. 1,506,977 shares of the stock traded hands, compared to its average volume of 1,611,830. The firm has a market cap of $32.28 billion, a price-to-earnings ratio of 15.32, a P/E/G ratio of 1.43 and a beta of 1.18. LyondellBasell Industries has a 12 month low of $84.80 and a 12 month high of $106.69. The stock’s 50-day moving average price is $101.07 and its 200-day moving average price is $96.74. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.12 and a quick ratio of 1.32.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share (EPS) 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 in the previous year, the firm posted $2.50 EPS. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. Equities analysts forecast that LyondellBasell Industries will post 8.5 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date of this dividend was Friday, March 1st. LyondellBasell Industries’s dividend payout ratio is 77.28%.

Insider Buying and Selling at LyondellBasell Industries

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

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Royal Bank of Canada upped their price target on LyondellBasell Industries from $107.00 to $113.00 and gave the stock an “outperform” rating in a research note on Monday, April 29th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. JPMorgan Chase & Co. upped their price objective on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. Citigroup lifted their target price on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. Finally, Wells Fargo & Company raised their price target on LyondellBasell Industries from $105.00 to $117.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, LyondellBasell Industries has an average rating of “Hold” and an average target price of $104.75.

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.