LyondellBasell Industries (NYSE:LYB) Shares Bought by Unison Advisors LLC

Unison Advisors LLC grew its holdings in LyondellBasell Industries (NYSE:LYB) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 40,564 shares of the specialty chemicals company’s stock after acquiring an additional 572 shares during the quarter. Unison Advisors LLC’s holdings in LyondellBasell Industries were worth $3,013,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Webster Bank N. A. grew its position in LyondellBasell Industries by 70.4% during 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 during the last quarter. Rosenberg Matthew Hamilton increased its position in shares of LyondellBasell Industries by 268.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock valued at $30,000 after acquiring an additional 295 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new position in LyondellBasell Industries in the 4th quarter worth $37,000. Pinnacle Bancorp Inc. acquired a new stake in LyondellBasell Industries during the 4th quarter worth about $59,000. Finally, Crews Bank & Trust purchased a new stake in LyondellBasell Industries during the 4th quarter valued at about $85,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

Insiders Place Their Bets

In other news, Director Michael Sean Hanley bought 3,750 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average price of $72.05 per share, for a total transaction of $270,187.50. Following the completion of the transaction, the director now directly owns 16,028 shares in the company, valued at $1,154,817.40. The trade was a 30.54 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.11% of the stock is owned by company insiders.

LyondellBasell Industries Stock Down 10.8 %

LyondellBasell Industries stock opened at $63.04 on Friday. LyondellBasell Industries has a 12 month low of $61.65 and a 12 month high of $107.02. The stock has a market capitalization of $20.39 billion, a PE ratio of 15.23, a price-to-earnings-growth ratio of 0.97 and a beta of 1.06. 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 business has a 50 day simple moving average of $74.87 and a 200-day simple moving average of $80.59.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.53). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. During the same quarter in the previous year, the business posted $1.26 earnings per share. On average, analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 8.50%. The ex-dividend date of this dividend was Monday, March 10th. LyondellBasell Industries’s payout ratio is 129.47%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LYB. StockNews.com cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Morgan Stanley decreased 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. Wells Fargo & Company cut their price objective on shares of LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Royal Bank of Canada boosted their target price on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, February 4th. Finally, The Goldman Sachs Group cut their price target 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 analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, LyondellBasell Industries presently has an average rating of “Hold” and an average price target of $87.58.

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.