Webster Bank N. A. Grows Holdings in LyondellBasell Industries (NYSE:LYB)

Webster Bank N. A. increased its position in LyondellBasell Industries (NYSE:LYB) by 70.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 346 shares of the specialty chemicals company’s stock after acquiring an additional 143 shares during the quarter. Webster Bank N. A.’s holdings in LyondellBasell Industries were worth $26,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Rockland Trust Co. boosted its stake in LyondellBasell Industries by 0.9% in the 3rd quarter. Rockland Trust Co. now owns 13,070 shares of the specialty chemicals company’s stock worth $1,253,000 after purchasing an additional 112 shares during the period. Petredis Investment Advisors LLC boosted its stake in LyondellBasell Industries by 0.5% in the 3rd quarter. Petredis Investment Advisors LLC now owns 23,100 shares of the specialty chemicals company’s stock worth $2,215,000 after purchasing an additional 116 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in LyondellBasell Industries by 25.5% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the specialty chemicals company’s stock worth $58,000 after purchasing an additional 122 shares during the period. Castleview Partners LLC boosted its stake in LyondellBasell Industries by 7.2% in the 3rd quarter. Castleview Partners LLC now owns 2,023 shares of the specialty chemicals company’s stock worth $194,000 after purchasing an additional 136 shares during the period. Finally, Oliver Luxxe Assets LLC boosted its stake in LyondellBasell Industries by 0.7% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 22,184 shares of the specialty chemicals company’s stock worth $2,127,000 after purchasing an additional 146 shares during the period. 71.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. The Goldman Sachs Group dropped their price target on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a research note on Thursday, December 12th. JPMorgan Chase & Co. lowered their target price on LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. StockNews.com downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Royal Bank of Canada lowered their target price on LyondellBasell Industries from $104.00 to $92.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th. Finally, Mizuho lowered their target price on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. Two equities research analysts have 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, LyondellBasell Industries currently has an average rating of “Hold” and an average price target of $94.33.

LyondellBasell Industries Stock Up 1.7 %

Shares of LYB opened at $78.71 on Tuesday. The company has a market cap of $25.56 billion, a PE ratio of 11.98, a P/E/G ratio of 5.07 and a beta of 1.06. The business has a fifty day moving average of $77.02 and a 200 day moving average of $87.79. LyondellBasell Industries has a 52-week low of $72.21 and a 52-week high of $107.02. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81.

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

LyondellBasell Industries Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Robin W.T. Buchanan purchased 5,000 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were purchased at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the purchase, the director now owns 18,175 shares in the company, valued at approximately $1,382,390.50. This represents a 37.95 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.11% of the company’s stock.

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.