LyondellBasell Industries (NYSE:LYB) Holdings Raised by SWS Partners

SWS Partners increased its stake in LyondellBasell Industries (NYSE:LYB) by 17.9% during the fourth quarter, HoldingsChannel reports. The firm owned 27,049 shares of the specialty chemicals company’s stock after acquiring an additional 4,110 shares during the period. SWS Partners’ holdings in LyondellBasell Industries were worth $2,009,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Webster Bank N. A. increased its position in shares of LyondellBasell Industries by 70.4% in the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 143 shares in the last quarter. Rosenberg Matthew Hamilton boosted its stake in LyondellBasell Industries by 268.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 295 shares during the period. Ashton Thomas Securities LLC purchased a new position in LyondellBasell Industries during the 3rd quarter worth approximately $31,000. Pinnacle Bancorp Inc. purchased a new position in LyondellBasell Industries during the 4th quarter worth approximately $59,000. Finally, Brooklyn Investment Group acquired a new stake in LyondellBasell Industries during the 3rd quarter valued at $60,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

Shares of NYSE:LYB opened at $73.39 on Tuesday. The firm has a market capitalization of $23.83 billion, a PE ratio of 17.73, a PEG ratio of 0.97 and a beta of 1.05. 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 50 day moving average is $75.91 and its 200-day moving average is $84.19. LyondellBasell Industries has a 1-year low of $72.21 and a 1-year high of $107.02.

LyondellBasell Industries (NYSE:LYB) last released its quarterly 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 net margin of 3.39% and a return on equity of 15.97%. During the same quarter last year, the business earned $1.26 earnings per share. Sell-side analysts predict that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be issued a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 7.30%. The ex-dividend date of this dividend is Monday, March 10th. LyondellBasell Industries’s dividend payout ratio is presently 129.47%.

Insider Activity at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan purchased 5,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were bought at an average price of $76.06 per share, with a total value of $380,300.00. Following the completion of the transaction, the director now directly 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on LYB shares. JPMorgan Chase & Co. lowered their price target on LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Royal Bank of Canada lifted their target price on LyondellBasell Industries from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, February 4th. Morgan Stanley dropped 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. Barclays decreased their price target on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. Finally, The Goldman Sachs Group dropped their price objective on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $88.25.

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.