FourThought Financial Partners LLC Acquires 264 Shares of LyondellBasell Industries (NYSE:LYB)

FourThought Financial Partners LLC lifted its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 2.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 11,727 shares of the specialty chemicals company’s stock after acquiring an additional 264 shares during the quarter. FourThought Financial Partners LLC’s holdings in LyondellBasell Industries were worth $1,115,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Pacer Advisors Inc. raised its stake in LyondellBasell Industries by 35.5% during the fourth quarter. Pacer Advisors Inc. now owns 3,571,985 shares of the specialty chemicals company’s stock worth $339,624,000 after buying an additional 935,430 shares during the last quarter. Invesco Ltd. grew its stake in LyondellBasell Industries by 24.9% during the third quarter. Invesco Ltd. now owns 4,085,474 shares of the specialty chemicals company’s stock worth $386,894,000 after purchasing an additional 815,083 shares during the period. FMR LLC increased its holdings in LyondellBasell Industries by 10.3% in the third quarter. FMR LLC now owns 8,408,551 shares of the specialty chemicals company’s stock worth $796,290,000 after purchasing an additional 787,221 shares in the last quarter. ANTIPODES PARTNERS Ltd acquired a new position in LyondellBasell Industries in the third quarter valued at approximately $67,160,000. Finally, Bank of Nova Scotia boosted its holdings in shares of LyondellBasell Industries by 3,162.5% during the 3rd quarter. Bank of Nova Scotia now owns 614,259 shares of the specialty chemicals company’s stock worth $58,170,000 after buying an additional 595,431 shares in the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on LYB shares. Wolfe Research started coverage on shares of LyondellBasell Industries in a research report on Friday, March 1st. They set an “underperform” rating on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Mizuho raised their target price on LyondellBasell Industries from $98.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. Barclays upped their price target on LyondellBasell Industries from $98.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. Finally, Royal Bank of Canada raised their price objective on LyondellBasell Industries from $107.00 to $113.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $104.75.

LyondellBasell Industries Stock Performance

Shares of LYB stock traded up $0.34 on Friday, hitting $99.12. 1,506,977 shares of the stock were exchanged, compared to its average volume of 1,611,830. The firm’s 50 day moving average is $101.07 and its two-hundred day moving average is $96.74. LyondellBasell Industries has a one year low of $84.80 and a one year high of $106.69. The company has a current ratio of 2.12, a quick ratio of 1.32 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $32.28 billion, a PE ratio of 15.32, a P/E/G ratio of 1.43 and a beta of 1.18.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $9.70 billion. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. LyondellBasell Industries’s revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.50 EPS. Sell-side analysts expect that LyondellBasell Industries will post 8.5 earnings per share for the current fiscal 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 issued a dividend of $1.25 per share. The ex-dividend date was Friday, March 1st. This represents a $5.00 dividend on an annualized basis and a yield of 5.04%. LyondellBasell Industries’s dividend payout ratio (DPR) is 77.28%.

Insiders Place Their Bets

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

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.