Cidel Asset Management Inc. Buys 492 Shares of LyondellBasell Industries (NYSE:LYB)

Cidel Asset Management Inc. increased its stake in LyondellBasell Industries (NYSE:LYB) by 12.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,419 shares of the specialty chemicals company’s stock after buying an additional 492 shares during the period. Cidel Asset Management Inc.’s holdings in LyondellBasell Industries were worth $328,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Petredis Investment Advisors LLC raised its position in shares of 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 acquiring an additional 116 shares in the last quarter. Castleview Partners LLC raised its holdings in LyondellBasell Industries by 7.2% in the third 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 in the last quarter. Webster Bank N. A. lifted its position 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 valued at $26,000 after buying an additional 143 shares during the period. Oliver Luxxe Assets LLC boosted its holdings in shares of LyondellBasell Industries by 0.7% during 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 buying an additional 146 shares in the last quarter. Finally, Cairn Investment Group Inc. grew its position in shares of LyondellBasell Industries by 0.4% in the 4th quarter. Cairn Investment Group Inc. now owns 42,147 shares of the specialty chemicals company’s stock worth $3,130,000 after buying an additional 155 shares during the period. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other LyondellBasell Industries news, Director Robin W.T. Buchanan purchased 5,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were acquired at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the purchase, the director now directly owns 18,175 shares of the company’s stock, valued at $1,382,390.50. The trade was a 37.95 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on LYB. The Goldman Sachs Group dropped their price objective on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research note on Thursday, December 12th. Mizuho dropped their price target on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. Deutsche Bank Aktiengesellschaft reduced their price objective on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research report on Monday, November 4th. JPMorgan Chase & Co. dropped their target price on LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Finally, Royal Bank of Canada raised their price target on LyondellBasell Industries from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, February 4th. 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. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $89.17.

LyondellBasell Industries Price Performance

Shares of NYSE:LYB opened at $76.61 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. The firm has a market cap of $24.88 billion, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 0.92 and a beta of 1.05. The business has a 50-day simple moving average of $75.86 and a two-hundred day simple moving average of $86.56. 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 in the previous year, the firm earned $1.26 EPS. On average, analysts expect that LyondellBasell Industries will post 6.68 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 7.00%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries’s dividend payout ratio is 129.47%.

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.