XML Financial LLC Boosts Holdings in LyondellBasell Industries (NYSE:LYB)

XML Financial LLC lifted its stake in shares of LyondellBasell Industries (NYSE:LYB) by 50.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,303 shares of the specialty chemicals company’s stock after purchasing an additional 1,783 shares during the period. XML Financial LLC’s holdings in LyondellBasell Industries were worth $394,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of LYB. HighTower Advisors LLC raised its holdings in shares of LyondellBasell Industries by 18.2% during the third quarter. HighTower Advisors LLC now owns 1,038,687 shares of the specialty chemicals company’s stock valued at $99,557,000 after acquiring an additional 159,803 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of LyondellBasell Industries by 3.7% during the third quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company’s stock worth $501,501,000 after purchasing an additional 187,150 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in LyondellBasell Industries by 23.1% in the 3rd quarter. Quantinno Capital Management LP now owns 61,897 shares of the specialty chemicals company’s stock valued at $5,936,000 after purchasing an additional 11,610 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in LyondellBasell Industries by 202.4% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 12,986 shares of the specialty chemicals company’s stock valued at $964,000 after purchasing an additional 8,691 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in LyondellBasell Industries by 6.3% during the 3rd quarter. Principal Financial Group Inc. now owns 307,496 shares of the specialty chemicals company’s stock worth $29,489,000 after purchasing an additional 18,311 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Wall Street Analyst Weigh In

LYB has been the subject of several research reports. Piper Sandler reaffirmed a “neutral” rating and set a $95.00 price objective (down previously from $112.00) on shares of LyondellBasell Industries in a research note on Tuesday, January 7th. Morgan Stanley cut their price target on LyondellBasell Industries from $110.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, January 13th. StockNews.com lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Barclays cut their target price on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Finally, The Goldman Sachs Group lowered their price target on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $94.33.

Insider Activity at LyondellBasell Industries

In other 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 shares were purchased at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the purchase, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.11% of the company’s stock.

LyondellBasell Industries Stock Down 0.8 %

Shares of NYSE LYB opened at $77.11 on Thursday. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. The business’s 50 day moving average is $77.36 and its two-hundred day moving average is $88.13. LyondellBasell Industries has a 52-week low of $72.21 and a 52-week high of $107.02. The firm has a market cap of $25.04 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 5.09 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data 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). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The firm had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter in the prior year, the firm posted $2.46 EPS. LyondellBasell Industries’s quarterly revenue was down 2.8% compared to the same quarter last year. Research analysts predict that LyondellBasell Industries will post 6.48 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were paid a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 6.95%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries’s payout ratio is 81.58%.

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.