Paradiem LLC Purchases 27,679 Shares of LyondellBasell Industries (NYSE:LYB)

Paradiem LLC lifted its position in LyondellBasell Industries (NYSE:LYB) by 50.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 82,307 shares of the specialty chemicals company’s stock after purchasing an additional 27,679 shares during the quarter. LyondellBasell Industries accounts for approximately 2.2% of Paradiem LLC’s holdings, making the stock its 13th biggest holding. Paradiem LLC’s holdings in LyondellBasell Industries were worth $7,826,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in LYB. Valley National Advisers Inc. bought a new stake in shares of LyondellBasell Industries in the 3rd quarter worth about $25,000. FSC Wealth Advisors LLC bought a new stake in LyondellBasell Industries during the 3rd quarter worth about $26,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in LyondellBasell Industries during the 3rd quarter worth about $26,000. Venturi Wealth Management LLC grew its holdings in LyondellBasell Industries by 410.2% during the 4th quarter. Venturi Wealth Management LLC now owns 301 shares of the specialty chemicals company’s stock worth $29,000 after acquiring an additional 242 shares during the last quarter. Finally, Webster Bank N. A. grew its holdings in LyondellBasell Industries by 7,050.0% during the 4th quarter. Webster Bank N. A. now owns 429 shares of the specialty chemicals company’s stock worth $41,000 after acquiring an additional 423 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on LYB shares. Citigroup increased their price objective on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. Royal Bank of Canada reissued an “outperform” rating and set a $107.00 price objective on shares of LyondellBasell Industries in a report on Monday, February 5th. Vertical Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. Deutsche Bank Aktiengesellschaft lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 price objective on the stock. in a report on Wednesday, January 10th. Finally, Wells Fargo & Company upped their target price on shares of LyondellBasell Industries from $105.00 to $117.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. One equities 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. Based on data from MarketBeat.com, LyondellBasell Industries currently has a consensus rating of “Hold” and a consensus price target of $103.82.

Insiders Place Their Bets

In other LyondellBasell Industries news, EVP Kenneth Todd Lane sold 9,489 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $98.92, for a total transaction of $938,651.88. Following the sale, the executive vice president now directly owns 89,445 shares in the company, valued at approximately $8,847,899.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Robin W.T. Buchanan sold 18,111 shares of the firm’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 transaction of $1,819,431.06. Following the completion of the transaction, the director now directly owns 12,276 shares of the company’s stock, valued at approximately $1,233,246.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kenneth Todd Lane sold 9,489 shares of the firm’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 transaction, the executive vice president now directly owns 89,445 shares of the company’s stock, valued at $8,847,899.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 80,853 shares of company stock worth $8,077,267. Company insiders own 0.11% of the company’s stock.

LyondellBasell Industries Trading Up 2.5 %

Shares of NYSE:LYB traded up $2.45 during mid-day trading on Friday, reaching $102.13. The stock had a trading volume of 2,651,865 shares, compared to its average volume of 1,436,825. The firm has a market cap of $33.24 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 1.25 and a beta of 1.19. The firm has a 50 day simple moving average of $100.87 and a two-hundred day simple moving average of $96.50. The company has a current ratio of 1.84, a quick ratio of 1.17 and a debt-to-equity ratio of 0.80. LyondellBasell Industries has a twelve month low of $84.80 and a twelve month high of $106.69.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.17. The business had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $9.70 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 3.1% on a year-over-year basis. During the same period last year, the company posted $2.50 EPS. On average, research analysts predict that LyondellBasell Industries will post 8.69 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $5.00 annualized dividend and a yield of 4.90%. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 77.28%.

About LyondellBasell Industries

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.