Pinnacle Wealth Management Advisory Group LLC Has $910,000 Holdings in LyondellBasell Industries (NYSE:LYB)

Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of LyondellBasell Industries (NYSE:LYB) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,567 shares of the specialty chemicals company’s stock after acquiring an additional 114 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in LyondellBasell Industries were worth $910,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in LyondellBasell Industries by 10.3% in 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. Morgan Stanley lifted its position in shares of LyondellBasell Industries by 9.9% in the third quarter. Morgan Stanley now owns 6,305,596 shares of the specialty chemicals company’s stock valued at $597,140,000 after buying an additional 569,887 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of LyondellBasell Industries by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,683,892 shares of the specialty chemicals company’s stock worth $540,424,000 after acquiring an additional 33,212 shares during the period. Federated Hermes Inc. increased its holdings in shares of LyondellBasell Industries by 4.0% during the 3rd quarter. Federated Hermes Inc. now owns 5,667,924 shares of the specialty chemicals company’s stock worth $536,752,000 after acquiring an additional 217,461 shares during the last quarter. Finally, Invesco Ltd. raised its stake 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 valued at $386,894,000 after acquiring an additional 815,083 shares during the period. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on LYB. Citigroup upped their price objective on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a report on Wednesday, April 10th. Wolfe Research assumed coverage on LyondellBasell Industries in a research report on Friday, March 1st. They set an “underperform” rating on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. JPMorgan Chase & Co. lifted their price objective on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. Finally, Barclays lifted their price target on shares of LyondellBasell Industries from $100.00 to $104.00 and gave the company an “equal weight” rating in a research report on Monday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $105.08.

LyondellBasell Industries Price Performance

LYB traded up $0.73 on Wednesday, reaching $102.18. The stock had a trading volume of 3,123,179 shares, compared to its average volume of 1,944,150. The company has a market capitalization of $33.27 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 1.43 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 firm has a 50-day moving average of $101.14 and a 200-day moving average of $96.86. LyondellBasell Industries has a fifty-two week low of $84.80 and a fifty-two week high of $107.02.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.36 by $0.17. The business had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $9.70 billion. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The firm’s revenue was down 3.1% compared to the same quarter last year. During the same period last year, the company earned $2.50 EPS. As a group, sell-side analysts anticipate that LyondellBasell Industries will post 8.5 EPS for the current year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 4.89%. The ex-dividend date was Friday, March 1st. LyondellBasell Industries’s payout ratio is presently 77.28%.

Insider Buying and Selling at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan sold 18,111 shares of LyondellBasell Industries stock in a transaction that occurred on 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 transaction, the director now directly owns 12,276 shares of the company’s stock, valued at $1,233,246.96. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Robin W.T. Buchanan sold 18,111 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $100.46, for a total value of $1,819,431.06. Following the transaction, the director now owns 12,276 shares in the company, valued at approximately $1,233,246.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael C. Mcmurray sold 16,940 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $100.84, for a total transaction of $1,708,229.60. Following the sale, the chief financial officer now owns 88,858 shares of the company’s stock, valued at $8,960,440.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 80,853 shares of company stock worth $8,077,267. Insiders own 0.11% of the company’s stock.

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.