AssuredPartners Investment Advisors LLC Acquires New Position in LyondellBasell Industries (NYSE:LYB)

AssuredPartners Investment Advisors LLC bought a new position in shares of LyondellBasell Industries (NYSE:LYB) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,266 shares of the specialty chemicals company’s stock, valued at approximately $317,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Webster Bank N. A. increased its holdings in LyondellBasell Industries by 70.4% in the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 143 shares during the last quarter. Rosenberg Matthew Hamilton increased its stake in shares of LyondellBasell Industries by 268.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock valued at $30,000 after acquiring an additional 295 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of LyondellBasell Industries in the 4th quarter valued at approximately $37,000. Pinnacle Bancorp Inc. bought a new position in LyondellBasell Industries during the 4th quarter worth approximately $59,000. Finally, Brooklyn Investment Group bought a new stake in LyondellBasell Industries in the third quarter valued at approximately $60,000. Institutional investors own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LYB. Mizuho lowered their price objective on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. Piper Sandler lowered their price target on LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. UBS Group cut their price objective on LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Morgan Stanley lowered their target price on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company cut their price target on shares of LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $88.25.

LyondellBasell Industries Stock Down 1.6 %

Shares of LYB stock opened at $69.81 on Friday. The firm’s fifty day moving average price is $75.58 and its two-hundred day moving average price is $81.28. LyondellBasell Industries has a 1 year low of $69.74 and a 1 year 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 firm has a market capitalization of $22.58 billion, a P/E ratio of 16.86, a PEG ratio of 0.97 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business posted $1.26 EPS. On average, equities analysts predict that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 7.68%. The ex-dividend date was Monday, March 10th. LyondellBasell Industries’s payout ratio is presently 129.47%.

Insider Activity at LyondellBasell Industries

In other news, Director Michael Sean Hanley bought 3,750 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were bought at an average cost of $72.05 per share, with a total value of $270,187.50. Following the acquisition, the director now owns 16,028 shares in the company, valued at $1,154,817.40. This trade represents a 30.54 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.11% of the stock is owned by company insiders.

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.