LyondellBasell Industries (NYSE:LYB) Shares Purchased by Spire Wealth Management

Spire Wealth Management increased its position in shares of LyondellBasell Industries (NYSE:LYBFree Report) by 4.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,534 shares of the specialty chemicals company’s stock after purchasing an additional 102 shares during the quarter. Spire Wealth Management’s holdings in LyondellBasell Industries were worth $259,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bell Bank raised its holdings in shares of LyondellBasell Industries by 2.3% in the first quarter. Bell Bank now owns 90,706 shares of the specialty chemicals company’s stock worth $9,277,000 after acquiring an additional 2,015 shares during the last quarter. Busey Bank raised its holdings in shares of LyondellBasell Industries by 1.2% in the first quarter. Busey Bank now owns 62,467 shares of the specialty chemicals company’s stock worth $6,389,000 after acquiring an additional 713 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of LyondellBasell Industries by 771.1% in the first quarter. Venturi Wealth Management LLC now owns 2,622 shares of the specialty chemicals company’s stock worth $268,000 after acquiring an additional 2,321 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of LyondellBasell Industries by 13.6% in the first quarter. Fifth Third Bancorp now owns 31,327 shares of the specialty chemicals company’s stock worth $3,204,000 after acquiring an additional 3,758 shares during the last quarter. Finally, Summit Trail Advisors LLC raised its holdings in shares of LyondellBasell Industries by 21.7% in the first quarter. Summit Trail Advisors LLC now owns 5,443 shares of the specialty chemicals company’s stock worth $557,000 after acquiring an additional 970 shares during the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Down 0.8 %

Shares of LYB stock traded down $0.79 during trading hours on Monday, reaching $100.12. The company had a trading volume of 1,141,106 shares, compared to its average volume of 1,890,874. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.32 and a current ratio of 2.12. LyondellBasell Industries has a twelve month low of $84.80 and a twelve month high of $107.02. The company has a market capitalization of $32.60 billion, a P/E ratio of 15.47, a price-to-earnings-growth ratio of 1.46 and a beta of 1.18. The stock’s fifty day simple moving average is $101.32 and its 200 day simple moving average is $97.53.

LyondellBasell Industries (NYSE:LYBGet Free Report) last posted its earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.17. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The business had revenue of $9.93 billion during 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% compared to the same quarter last year. As a group, sell-side analysts expect that LyondellBasell Industries will post 8.5 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were paid a $1.25 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.99%. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 77.28%.

Insider Activity

In other LyondellBasell Industries news, Director Robin W.T. Buchanan sold 18,111 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now owns 12,276 shares in the company, valued at approximately $1,233,246.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other LyondellBasell Industries news, CFO Michael C. Mcmurray sold 16,940 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 88,858 shares of the company’s stock, valued at approximately $8,960,440.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robin W.T. Buchanan sold 18,111 shares of the 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 in the company, valued at approximately $1,233,246.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 80,853 shares of company stock worth $8,077,267. 0.11% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Barclays boosted their price target on LyondellBasell Industries from $100.00 to $104.00 and gave the stock an “equal weight” rating in a report on Monday, May 6th. JPMorgan Chase & Co. upped their target price on LyondellBasell Industries from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, March 22nd. Wells Fargo & Company upped their target price on LyondellBasell Industries from $105.00 to $117.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Citigroup upped their target price on LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Finally, BMO Capital Markets boosted their price target on LyondellBasell Industries from $99.00 to $105.00 and gave the company a “market perform” rating in a research report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $105.08.

View Our Latest Analysis on LYB

LyondellBasell Industries Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

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