Y.D. More Investments Ltd Boosts Position in LyondellBasell Industries (NYSE:LYB)

Y.D. More Investments Ltd lifted its holdings in LyondellBasell Industries (NYSE:LYB) by 14.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,497 shares of the specialty chemicals company’s stock after buying an additional 194 shares during the quarter. Y.D. More Investments Ltd’s holdings in LyondellBasell Industries were worth $111,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. CVA Family Office LLC boosted its holdings in LyondellBasell Industries by 155.9% in 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 last quarter. Webster Bank N. A. lifted its stake 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 purchasing an additional 143 shares during the last quarter. Matrix Trust Co acquired a new position in LyondellBasell Industries in the third quarter worth $30,000. Rosenberg Matthew Hamilton increased its stake in LyondellBasell Industries by 268.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock valued at $30,000 after purchasing an additional 295 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of LyondellBasell Industries during the third quarter worth $31,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Trading Down 1.6 %

NYSE:LYB opened at $77.00 on Thursday. The stock’s 50-day moving average is $76.23 and its two-hundred day moving average is $86.83. 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 cap of $25.01 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 5.11 and a beta of 1.05. LyondellBasell Industries has a fifty-two week low of $72.21 and a fifty-two week high of $107.02.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data 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 quarter last year, the business posted $1.26 earnings per share. As a group, equities research analysts forecast that LyondellBasell Industries will post 7.4 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were given a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a yield of 6.96%. LyondellBasell Industries’s payout ratio is 129.47%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. UBS Group cut their target price on shares of LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating on the stock in a report on Monday. Piper Sandler restated a “neutral” rating and set a $95.00 price objective (down previously from $112.00) on shares of LyondellBasell Industries in a research report on Tuesday, January 7th. Barclays cut their target price on LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Monday. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a report on Monday, November 4th. Finally, 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 note on Tuesday. Two investment 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 MarketBeat.com, LyondellBasell Industries currently has a consensus rating of “Hold” and a consensus target price of $89.17.

Insider Buying and Selling at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan purchased 5,000 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average price of $76.06 per share, with a total value of $380,300.00. Following the purchase, the director now owns 18,175 shares in the company, valued at $1,382,390.50. This represents a 37.95 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.11% of the company’s stock.

LyondellBasell Industries 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.