Brooklyn Investment Group Acquires 539 Shares of LyondellBasell Industries (NYSE:LYB)

Brooklyn Investment Group raised its stake in shares of LyondellBasell Industries (NYSE:LYB) by 86.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,166 shares of the specialty chemicals company’s stock after acquiring an additional 539 shares during the period. Brooklyn Investment Group’s holdings in LyondellBasell Industries were worth $86,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. CVA Family Office LLC lifted 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 purchasing an additional 159 shares during the period. Matrix Trust Co purchased a new stake in LyondellBasell Industries during the 3rd quarter valued at $30,000. Rosenberg Matthew Hamilton lifted its holdings in shares of LyondellBasell Industries by 268.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock valued at $30,000 after buying an additional 295 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of LyondellBasell Industries in the 3rd quarter worth $31,000. Finally, Fortitude Family Office LLC grew its holdings in shares of LyondellBasell Industries by 162.0% in the third quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company’s stock worth $45,000 after acquiring an additional 290 shares during the period. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

NYSE:LYB opened at $77.35 on Monday. The company has a 50 day moving average price of $77.63 and a 200-day moving average price of $88.41. LyondellBasell Industries has a 1-year low of $72.21 and a 1-year high of $107.02. The firm has a market cap of $25.12 billion, a price-to-earnings ratio of 11.77, a price-to-earnings-growth ratio of 1.74 and a beta of 1.06. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The firm had revenue of $10.33 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same quarter last year, the company posted $2.46 EPS. The company’s revenue was down 2.8% on a year-over-year basis. Equities research analysts forecast that LyondellBasell Industries will post 6.8 EPS for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 6.93%. The ex-dividend date of this dividend was Monday, December 2nd. LyondellBasell Industries’s payout ratio is currently 81.58%.

Analyst Upgrades and Downgrades

LYB has been the topic of several research reports. JPMorgan Chase & Co. dropped their target price on LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. Piper Sandler restated a “neutral” rating and set a $95.00 price target (down previously from $112.00) on shares of LyondellBasell Industries in a report on Tuesday, January 7th. StockNews.com cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Mizuho cut their target price on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a report on Monday, December 9th. Finally, Wells Fargo & Company decreased their price target on shares of LyondellBasell Industries from $105.00 to $95.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $94.33.

Insider Activity

In related news, Director Robin W.T. Buchanan purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average price of $76.06 per share, with a total value of $380,300.00. Following the purchase, the director now owns 18,175 shares of the company’s stock, valued at $1,382,390.50. The trade was a 37.95 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.11% of the company’s stock.

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.