Stablepoint Partners LLC Increases Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Stablepoint Partners LLC raised its stake in shares of LyondellBasell Industries (NYSE:LYB) by 2.5% during the fourth quarter, Holdings Channel reports. The firm owned 52,926 shares of the specialty chemicals company’s stock after buying an additional 1,284 shares during the quarter. Stablepoint Partners LLC’s holdings in LyondellBasell Industries were worth $3,931,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Rockland Trust Co. increased its position in shares of LyondellBasell Industries by 0.9% during the third quarter. Rockland Trust Co. now owns 13,070 shares of the specialty chemicals company’s stock valued at $1,253,000 after buying an additional 112 shares during the period. Petredis Investment Advisors LLC grew its holdings in shares of 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 worth $2,215,000 after acquiring an additional 116 shares during the period. Massmutual Trust Co. FSB ADV grew its holdings in shares of LyondellBasell Industries by 25.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the specialty chemicals company’s stock worth $58,000 after acquiring an additional 122 shares during the period. Castleview Partners LLC raised its position in shares of 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 acquiring an additional 136 shares in the last quarter. Finally, Oliver Luxxe Assets LLC lifted its stake in shares of 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 valued at $2,127,000 after purchasing an additional 146 shares during the period. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Trading Up 0.1 %

Shares of NYSE:LYB opened at $77.45 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25. LyondellBasell Industries has a 1 year low of $72.21 and a 1 year high of $107.02. The company has a market cap of $25.15 billion, a P/E ratio of 11.79, a PEG ratio of 5.07 and a beta of 1.06. The stock’s fifty day moving average price is $77.02 and its 200-day moving average price is $87.86.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.10). The company had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. LyondellBasell Industries’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.46 EPS. Sell-side analysts expect that LyondellBasell Industries will post 6.48 earnings per share for the current 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 issued a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 6.92%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries’s payout ratio is currently 81.58%.

Analyst Upgrades and Downgrades

LYB has been the topic of a number of research reports. Wells Fargo & Company dropped their target price on shares of LyondellBasell Industries from $105.00 to $95.00 and set an “overweight” rating on the stock in a report on Tuesday, December 10th. Morgan Stanley dropped their price objective on shares of LyondellBasell Industries from $110.00 to $90.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Royal Bank of Canada decreased their target price on shares of LyondellBasell Industries from $104.00 to $92.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. Piper Sandler reissued a “neutral” rating and issued a $95.00 price target (down from $112.00) on shares of LyondellBasell Industries in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. reduced their price objective 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. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $94.33.

Insider Activity at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the transaction, the director now owns 18,175 shares of the company’s stock, valued at $1,382,390.50. This represents a 37.95 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is owned by company 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.