LyondellBasell Industries (NYSE:LYB) Shares Acquired by Ellsworth Advisors LLC

Ellsworth Advisors LLC increased its position in shares of LyondellBasell Industries (NYSE:LYB) by 2.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 47,023 shares of the specialty chemicals company’s stock after purchasing an additional 1,166 shares during the period. LyondellBasell Industries accounts for 1.4% of Ellsworth Advisors LLC’s investment portfolio, making the stock its 23rd biggest position. Ellsworth Advisors LLC’s holdings in LyondellBasell Industries were worth $4,471,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in LYB. Blair William & Co. IL lifted its stake in LyondellBasell Industries by 1.0% during the first quarter. Blair William & Co. IL now owns 10,812 shares of the specialty chemicals company’s stock worth $1,112,000 after purchasing an additional 107 shares during the last quarter. Sei Investments Co. lifted its stake in LyondellBasell Industries by 26.2% during the first quarter. Sei Investments Co. now owns 41,362 shares of the specialty chemicals company’s stock worth $4,349,000 after purchasing an additional 8,596 shares during the last quarter. Prudential PLC bought a new position in LyondellBasell Industries during the first quarter worth $731,000. Cetera Investment Advisers lifted its stake in LyondellBasell Industries by 29.0% during the first quarter. Cetera Investment Advisers now owns 7,488 shares of the specialty chemicals company’s stock worth $770,000 after purchasing an additional 1,684 shares during the last quarter. Finally, Moors & Cabot Inc. lifted its stake in LyondellBasell Industries by 20.2% during the first quarter. Moors & Cabot Inc. now owns 6,268 shares of the specialty chemicals company’s stock worth $644,000 after purchasing an additional 1,053 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Stock Down 0.7 %

Shares of LyondellBasell Industries stock traded down $0.67 during trading on Friday, hitting $102.28. 1,962,099 shares of the stock traded hands, compared to its average volume of 2,592,951. The stock has a market cap of $33.19 billion, a P/E ratio of 15.81, a PEG ratio of 1.25 and a beta of 1.19. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.17 and a current ratio of 1.84. LyondellBasell Industries has a twelve month low of $84.80 and a twelve month high of $103.30. The company has a fifty day moving average price of $97.66 and a two-hundred day moving average price of $95.53.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, February 2nd. The specialty chemicals company reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.07). LyondellBasell Industries had a return on equity of 21.89% and a net margin of 5.16%. The company had revenue of $9.93 billion during the quarter, compared to analyst estimates of $9.85 billion. During the same quarter last year, the firm posted $1.29 earnings per share. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. Equities research analysts predict that LyondellBasell Industries will post 8.81 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, March 4th were issued a $1.25 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $5.00 annualized dividend and a yield of 4.89%. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 77.28%.

Insiders Place Their Bets

In other LyondellBasell Industries news, EVP Kenneth Todd Lane sold 29,229 shares of LyondellBasell Industries stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $99.19, for a total value of $2,899,224.51. Following the transaction, the executive vice president now directly owns 91,758 shares of the company’s stock, valued at approximately $9,101,476.02. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Kenneth Todd Lane sold 29,229 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $99.19, for a total transaction of $2,899,224.51. Following the sale, the executive vice president now directly owns 91,758 shares in the company, valued at $9,101,476.02. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robin W.T. Buchanan sold 18,111 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $100.46, for a total value of $1,819,431.06. Following the sale, the director now owns 12,276 shares in the company, valued at $1,233,246.96. The disclosure for this sale can be found here. Insiders have sold a total of 80,853 shares of company stock valued at $8,077,267 in the last three months. Company insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on LyondellBasell Industries from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. Royal Bank of Canada reissued an “outperform” rating and issued a $107.00 price target on shares of LyondellBasell Industries in a research note on Monday, February 5th. Vertical Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. Citigroup cut LyondellBasell Industries from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $105.00 to $98.00 in a research note on Wednesday, December 13th. Finally, Deutsche Bank Aktiengesellschaft cut LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a research note on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $101.33.

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.