Oliver Luxxe Assets LLC Boosts Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Oliver Luxxe Assets LLC grew its stake in shares of LyondellBasell Industries (NYSE:LYB) by 5.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 23,465 shares of the specialty chemicals company’s stock after buying an additional 1,281 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in LyondellBasell Industries were worth $1,743,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. CVA Family Office LLC grew its position in LyondellBasell Industries by 155.9% during the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock valued at $25,000 after acquiring an additional 159 shares during the period. Matrix Trust Co acquired a new stake in LyondellBasell Industries during the 3rd quarter worth approximately $30,000. Ashton Thomas Securities LLC purchased a new position in LyondellBasell Industries in the third quarter valued at approximately $31,000. Fortitude Family Office LLC lifted its position in LyondellBasell Industries by 162.0% during the third quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company’s stock valued at $45,000 after buying an additional 290 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC grew its stake in LyondellBasell Industries by 58.0% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 553 shares of the specialty chemicals company’s stock worth $53,000 after buying an additional 203 shares during the period. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Up 1.2 %

Shares of LYB stock traded up $0.87 during mid-day trading on Monday, reaching $73.64. 1,932,108 shares of the company were exchanged, compared to its average volume of 2,787,237. The company has a market capitalization of $23.92 billion, a P/E ratio of 11.21, a P/E/G ratio of 2.13 and a beta of 1.06. The business’s 50 day simple moving average is $79.98 and its 200 day simple moving average is $89.84. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13. 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 announced its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share 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 analyst estimates of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. LyondellBasell Industries’s revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.46 earnings per share. Research analysts predict that LyondellBasell Industries will post 7.02 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were paid a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 7.28%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries’s payout ratio is currently 81.58%.

Insiders Place Their Bets

In other LyondellBasell Industries news, Director Robin W.T. Buchanan purchased 5,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of $76.06 per share, with a total value of $380,300.00. Following the acquisition, the director now owns 18,175 shares of the company’s stock, 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 is accessible through this link. 0.11% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. cut their target price on shares of LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft cut their price objective on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Mizuho decreased 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. Barclays dropped their target price on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Finally, Royal Bank of Canada decreased their price target on LyondellBasell Industries from $104.00 to $92.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, LyondellBasell Industries has a consensus rating of “Hold” and an average target price of $96.27.

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.