Jeppson Wealth Management LLC Has $288,000 Holdings in LyondellBasell Industries (NYSE:LYB)

Jeppson Wealth Management LLC decreased its stake in LyondellBasell Industries (NYSE:LYB) by 38.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,883 shares of the specialty chemicals company’s stock after selling 2,415 shares during the quarter. Jeppson Wealth Management LLC’s holdings in LyondellBasell Industries were worth $288,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CVA Family Office LLC grew its holdings in LyondellBasell Industries by 155.9% during the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 159 shares during the period. Webster Bank N. A. lifted its holdings in LyondellBasell Industries by 70.4% during the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 143 shares in the last quarter. Matrix Trust Co acquired a new position in LyondellBasell Industries in the third quarter valued at about $30,000. Rosenberg Matthew Hamilton raised its position in shares of LyondellBasell Industries by 268.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 295 shares during the period. Finally, Ashton Thomas Securities LLC bought a new position in shares of LyondellBasell Industries during the 3rd quarter valued at about $31,000. Institutional investors own 71.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on LYB. Deutsche Bank Aktiengesellschaft cut their price target on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. The Goldman Sachs Group lowered their target price on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a report on Thursday, December 12th. Piper Sandler restated a “neutral” rating and issued a $95.00 price target (down from $112.00) on shares of LyondellBasell Industries in a report on Tuesday, January 7th. Wells Fargo & Company dropped their target price on LyondellBasell Industries from $105.00 to $95.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 10th. Finally, StockNews.com downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $94.33.

LyondellBasell Industries Price Performance

Shares of LYB opened at $78.71 on Tuesday. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81. The company’s fifty day simple moving average is $77.02 and its 200 day simple moving average is $87.79. LyondellBasell Industries has a 1-year low of $72.21 and a 1-year high of $107.02. The company has a market cap of $25.56 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 5.07 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.10). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The firm had revenue of $10.33 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the prior year, the firm earned $2.46 earnings per share. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, research analysts forecast that LyondellBasell Industries will post 6.48 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were given a $1.34 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.81%. LyondellBasell Industries’s payout ratio is 81.58%.

Insider Transactions at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan acquired 5,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were bought at an average cost of $76.06 per share, with a total value of $380,300.00. Following the completion of the transaction, the director now directly owns 18,175 shares of the company’s stock, valued at $1,382,390.50. This trade represents a 37.95 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

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.