Four Tree Island Advisory LLC Makes New $797,000 Investment in LyondellBasell Industries (NYSE:LYB)

Four Tree Island Advisory LLC bought a new stake in LyondellBasell Industries (NYSE:LYB) in the fourth quarter, HoldingsChannel.com reports. The firm bought 10,737 shares of the specialty chemicals company’s stock, valued at approximately $797,000. LyondellBasell Industries comprises 0.6% of Four Tree Island Advisory LLC’s holdings, making the stock its 18th largest holding.

Several other institutional investors and hedge funds have also modified their holdings of the business. Jacobs Levy Equity Management Inc. lifted its position in shares of LyondellBasell Industries by 211.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,283,163 shares of the specialty chemicals company’s stock valued at $123,055,000 after acquiring an additional 871,708 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of LyondellBasell Industries by 4.7% during the 3rd 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 during the period. Franklin Resources Inc. boosted its position in shares of LyondellBasell Industries by 11.4% during the 3rd quarter. Franklin Resources Inc. now owns 2,875,267 shares of the specialty chemicals company’s stock worth $268,664,000 after acquiring an additional 293,622 shares in the last quarter. Geode Capital Management LLC increased its stake in LyondellBasell Industries by 4.4% in the third quarter. Geode Capital Management LLC now owns 6,605,151 shares of the specialty chemicals company’s stock valued at $638,964,000 after acquiring an additional 277,108 shares during the last quarter. Finally, State Street Corp raised 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 valued at $1,170,183,000 after purchasing an additional 230,327 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. UBS Group reduced their target price 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 decreased their target price on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Piper Sandler reissued a “neutral” rating and issued a $95.00 target price (down previously from $112.00) on shares of LyondellBasell Industries in a report on Tuesday, January 7th. Mizuho decreased their price target on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. Finally, The Goldman Sachs Group lowered their price objective on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, LyondellBasell Industries currently has an average rating of “Hold” and an average price target of $89.17.

LyondellBasell Industries Price Performance

LYB stock opened at $76.61 on Monday. The company has a market capitalization of $24.88 billion, a P/E ratio of 18.50, a PEG ratio of 0.92 and a beta of 1.05. The company has a fifty day moving average price of $75.86 and a 200-day moving average price of $86.49. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. LyondellBasell Industries has a 52-week low of $72.21 and a 52-week high of $107.02.

LyondellBasell Industries (NYSE:LYB) last announced 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 earned $1.26 EPS. As a group, equities analysts expect that LyondellBasell Industries will post 6.68 EPS for the current year.

LyondellBasell Industries Announces Dividend

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

Insider Buying and Selling at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan acquired 5,000 shares of LyondellBasell Industries stock in a transaction dated Friday, December 13th. The shares were bought at an average cost of $76.06 per share, with a total value of $380,300.00. Following the purchase, the director now owns 18,175 shares in the company, valued at $1,382,390.50. This trade represents a 37.95 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.11% of the company’s stock.

LyondellBasell Industries Company 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.