Bison Wealth LLC Boosts Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Bison Wealth LLC raised its stake in LyondellBasell Industries (NYSE:LYB) by 7.0% during the fourth quarter, Holdings Channel reports. The firm owned 3,459 shares of the specialty chemicals company’s stock after purchasing an additional 226 shares during the period. Bison Wealth LLC’s holdings in LyondellBasell Industries were worth $329,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in LYB. Invesco Ltd. raised its position in shares of LyondellBasell Industries by 24.9% in the 3rd quarter. Invesco Ltd. now owns 4,085,474 shares of the specialty chemicals company’s stock worth $386,894,000 after buying an additional 815,083 shares during the period. International Assets Investment Management LLC acquired a new stake in LyondellBasell Industries during the fourth quarter worth about $14,000,000. Arvest Investments Inc. purchased a new position in shares of LyondellBasell Industries in the 4th quarter worth about $2,001,000. Oak Thistle LLC acquired a new position in shares of LyondellBasell Industries in the 4th quarter valued at about $1,426,000. Finally, ANTIPODES PARTNERS Ltd grew its holdings in shares of LyondellBasell Industries by 42.2% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 1,010,494 shares of the specialty chemicals company’s stock worth $96,077,000 after purchasing an additional 300,106 shares during the period. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Down 1.3 %

LYB stock opened at $99.15 on Wednesday. The stock has a market cap of $32.27 billion, a PE ratio of 15.32, a price-to-earnings-growth ratio of 1.24 and a beta of 1.19. The firm’s 50-day simple moving average is $100.12 and its 200 day simple moving average is $96.09. LyondellBasell Industries has a fifty-two week low of $84.80 and a fifty-two week high of $106.69. The company has a quick ratio of 1.17, a current ratio of 1.84 and a debt-to-equity ratio of 0.80.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, February 2nd. The specialty chemicals company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.07). The firm had revenue of $9.93 billion during the quarter, compared to analyst estimates of $9.85 billion. LyondellBasell Industries had a net margin of 5.16% and a return on equity of 21.89%. LyondellBasell Industries’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.29 EPS. As a group, sell-side analysts predict that LyondellBasell Industries will post 8.63 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, March 4th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date was Friday, March 1st. LyondellBasell Industries’s dividend payout ratio is currently 77.28%.

Insider Activity at LyondellBasell Industries

In related news, EVP Kenneth Todd Lane sold 9,489 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $98.92, for a total transaction of $938,651.88. Following the sale, the executive vice president now owns 89,445 shares of the company’s stock, valued at $8,847,899.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other LyondellBasell Industries news, Director Robin W.T. Buchanan sold 18,111 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $100.46, for a total value of $1,819,431.06. Following the transaction, the director now owns 12,276 shares of the company’s stock, valued at $1,233,246.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Kenneth Todd Lane sold 9,489 shares of LyondellBasell Industries stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $98.92, for a total transaction of $938,651.88. Following the transaction, the executive vice president now owns 89,445 shares in the company, valued at $8,847,899.40. The disclosure for this sale can be found here. Insiders sold 80,853 shares of company stock worth $8,077,267 in the last 90 days. Corporate insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $107.00 price objective on shares of LyondellBasell Industries in a research report on Monday, February 5th. Deutsche Bank Aktiengesellschaft lowered LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 price objective on the stock. in a research report on Wednesday, January 10th. Barclays upped their target price on LyondellBasell Industries from $98.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. Wells Fargo & Company increased their target price on LyondellBasell Industries from $105.00 to $117.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Wolfe Research assumed coverage on LyondellBasell Industries in a research report on Friday, March 1st. They set an “underperform” rating on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $103.82.

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.