MADDEN SECURITIES Corp Purchases Shares of 33,955 LyondellBasell Industries (NYSE:LYB)

MADDEN SECURITIES Corp acquired a new position in shares of LyondellBasell Industries (NYSE:LYB) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 33,955 shares of the specialty chemicals company’s stock, valued at approximately $2,522,000. LyondellBasell Industries makes up 1.0% of MADDEN SECURITIES Corp’s holdings, making the stock its 29th largest position.

A number of other institutional investors also recently modified their holdings of LYB. Petredis Investment Advisors LLC increased its holdings in LyondellBasell Industries by 0.5% during the 3rd quarter. Petredis Investment Advisors LLC now owns 23,100 shares of the specialty chemicals company’s stock valued at $2,215,000 after purchasing an additional 116 shares in the last quarter. Castleview Partners LLC increased its stake in shares of LyondellBasell Industries by 7.2% in the third quarter. Castleview Partners LLC now owns 2,023 shares of the specialty chemicals company’s stock valued at $194,000 after buying an additional 136 shares in the last quarter. Webster Bank N. A. raised its holdings in shares of LyondellBasell Industries by 70.4% in the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 143 shares during the last quarter. Oliver Luxxe Assets LLC lifted its position in LyondellBasell Industries by 0.7% during the 3rd quarter. Oliver Luxxe Assets LLC now owns 22,184 shares of the specialty chemicals company’s stock worth $2,127,000 after buying an additional 146 shares in the last quarter. Finally, Cairn Investment Group Inc. grew its holdings in LyondellBasell Industries by 0.4% during the 4th quarter. Cairn Investment Group Inc. now owns 42,147 shares of the specialty chemicals company’s stock worth $3,130,000 after acquiring an additional 155 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on LYB shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research note on Monday, November 4th. The Goldman Sachs Group reduced their price objective on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a report on Thursday, December 12th. Morgan Stanley lowered their target price on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Wells Fargo & Company cut their price target on LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Finally, UBS Group lowered their price objective on LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $89.17.

LyondellBasell Industries Stock Down 1.0 %

Shares of NYSE LYB opened at $75.84 on Tuesday. LyondellBasell Industries has a 52-week low of $72.21 and a 52-week high of $107.02. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. The stock has a market cap of $24.63 billion, a P/E ratio of 18.32, a P/E/G ratio of 0.92 and a beta of 1.05. The firm has a 50 day moving average price of $75.86 and a 200 day moving average price of $86.43.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.53). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. During the same quarter last year, the business posted $1.26 earnings per share. Analysts expect that LyondellBasell Industries will post 6.68 EPS for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a $1.34 dividend. The ex-dividend date was Monday, December 2nd. This represents a $5.36 annualized dividend and a dividend yield of 7.07%. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 129.47%.

Insider Transactions at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan acquired 5,000 shares of the stock in a transaction dated Friday, December 13th. The stock was bought at an average price 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 approximately $1,382,390.50. The trade was a 37.95 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is currently owned by insiders.

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.