Intrepid Capital Management Inc. Acquires 697 Shares of LyondellBasell Industries (NYSE:LYB)

Intrepid Capital Management Inc. increased its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 18.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,397 shares of the specialty chemicals company’s stock after acquiring an additional 697 shares during the period. Intrepid Capital Management Inc.’s holdings in LyondellBasell Industries were worth $327,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Webster Bank N. A. boosted its position in shares of LyondellBasell Industries by 70.4% in the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 143 shares in the last quarter. Rosenberg Matthew Hamilton boosted its holdings in LyondellBasell Industries by 268.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock worth $30,000 after acquiring an additional 295 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of LyondellBasell Industries in the fourth quarter worth $37,000. Pinnacle Bancorp Inc. bought a new position in shares of LyondellBasell Industries during the fourth quarter valued at $59,000. Finally, Crews Bank & Trust purchased a new position in shares of LyondellBasell Industries in the 4th quarter worth about $85,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Analysts Set New Price Targets

LYB has been the subject of a number of analyst reports. Morgan Stanley reduced their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. StockNews.com lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. UBS Group lowered their price objective on LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Mizuho decreased their price target on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a research note on Monday, December 9th. Finally, The Goldman Sachs Group dropped their price objective on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, LyondellBasell Industries has an average rating of “Hold” and an average target price of $87.58.

LyondellBasell Industries Trading Down 0.5 %

Shares of LyondellBasell Industries stock opened at $70.03 on Wednesday. LyondellBasell Industries has a 1-year low of $69.12 and a 1-year high of $107.02. The company’s fifty day simple moving average is $75.29 and its 200-day simple moving average is $80.78. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. The stock has a market capitalization of $22.65 billion, a PE ratio of 16.91, a P/E/G ratio of 0.97 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share 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 period in the previous year, the company earned $1.26 EPS. As a group, equities analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 7.65%. The ex-dividend date of this dividend was Monday, March 10th. LyondellBasell Industries’s payout ratio is 129.47%.

Insiders Place Their Bets

In other news, Director Michael Sean Hanley acquired 3,750 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the transaction, the director now directly owns 16,028 shares of the company’s stock, valued at approximately $1,154,817.40. This trade represents a 30.54 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.11% of the stock is owned by company 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.