Valley Wealth Managers Inc. Has $2.75 Million Holdings in LyondellBasell Industries (NYSE:LYB)

Valley Wealth Managers Inc. grew its holdings in LyondellBasell Industries (NYSE:LYB) by 26.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,078 shares of the specialty chemicals company’s stock after purchasing an additional 7,718 shares during the period. Valley Wealth Managers Inc.’s holdings in LyondellBasell Industries were worth $2,754,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in LYB. State Street Corp boosted its position in LyondellBasell Industries by 1.9% during the third quarter. State Street Corp now owns 12,202,118 shares of the specialty chemicals company’s stock worth $1,170,183,000 after purchasing an additional 230,327 shares during the period. Charles Schwab Investment Management Inc. raised its stake in LyondellBasell Industries by 4.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,023,982 shares of the specialty chemicals company’s stock worth $769,500,000 after acquiring an additional 362,671 shares in the last quarter. Geode Capital Management LLC raised its stake in LyondellBasell Industries by 4.4% during the third quarter. Geode Capital Management LLC now owns 6,605,151 shares of the specialty chemicals company’s stock worth $638,964,000 after acquiring an additional 277,108 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of LyondellBasell Industries by 3.7% in the third quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company’s stock valued at $501,501,000 after buying an additional 187,150 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of LyondellBasell Industries by 11.4% in the third quarter. Franklin Resources Inc. now owns 2,875,267 shares of the specialty chemicals company’s stock valued at $268,664,000 after buying an additional 293,622 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on LYB shares. Piper Sandler decreased their price target on LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Mizuho dropped their target price 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. The Goldman Sachs Group lowered 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. Morgan Stanley decreased their target price on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Finally, UBS Group cut their target price on LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $88.25.

Insider Transactions at LyondellBasell Industries

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

LyondellBasell Industries Stock Performance

Shares of LYB opened at $76.74 on Tuesday. The company has a market cap of $24.92 billion, a price-to-earnings ratio of 18.54, a P/E/G ratio of 0.92 and a beta of 1.05. LyondellBasell Industries has a 12 month low of $72.21 and a 12 month high of $107.02. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. The business’s fifty day simple moving average is $75.60 and its two-hundred day simple moving average is $85.67.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates 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 period in the prior year, the firm earned $1.26 earnings per share. Research analysts anticipate that LyondellBasell Industries will post 6.68 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were issued a $1.34 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 annualized dividend and a dividend yield of 6.98%. LyondellBasell Industries’s dividend payout ratio (DPR) 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.