Pinnacle Wealth Management Advisory Group LLC Acquires 114 Shares of LyondellBasell Industries (NYSE:LYB)

Pinnacle Wealth Management Advisory Group LLC raised its stake in shares of LyondellBasell Industries (NYSE:LYB) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,567 shares of the specialty chemicals company’s stock after purchasing an additional 114 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in LyondellBasell Industries were worth $910,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. RMR Wealth Builders boosted its position in LyondellBasell Industries by 2.6% during the 4th quarter. RMR Wealth Builders now owns 6,833 shares of the specialty chemicals company’s stock valued at $650,000 after acquiring an additional 174 shares in the last quarter. Gryphon Financial Partners LLC raised its holdings in LyondellBasell Industries by 11.7% in the fourth quarter. Gryphon Financial Partners LLC now owns 18,606 shares of the specialty chemicals company’s stock worth $1,767,000 after purchasing an additional 1,956 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of LyondellBasell Industries by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,683,892 shares of the specialty chemicals company’s stock valued at $540,424,000 after purchasing an additional 33,212 shares during the last quarter. Apollon Wealth Management LLC purchased a new position in LyondellBasell Industries during the fourth quarter valued at $405,000. Finally, Machina Capital S.A.S. boosted its holdings in LyondellBasell Industries by 128.8% in the fourth quarter. Machina Capital S.A.S. now owns 11,667 shares of the specialty chemicals company’s stock worth $1,109,000 after acquiring an additional 6,567 shares in the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LYB has been the subject of several recent analyst reports. Wolfe Research started coverage on LyondellBasell Industries in a research report on Friday, March 1st. They issued an “underperform” rating for the company. JPMorgan Chase & Co. increased their price target on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, March 22nd. Mizuho boosted their price objective on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday, April 29th. Citigroup increased their target price on LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Finally, Wells Fargo & Company upped their price target on LyondellBasell Industries from $105.00 to $117.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $105.08.

Insider Activity at LyondellBasell Industries

In other news, CFO Michael C. Mcmurray sold 16,940 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $100.84, for a total transaction of $1,708,229.60. Following the completion of the transaction, the chief financial officer now owns 88,858 shares in the company, valued at $8,960,440.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other LyondellBasell Industries news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of LyondellBasell Industries stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $100.47, for a total value of $711,729.48. Following the completion of the transaction, the chief accounting officer now directly owns 27,575 shares of the company’s stock, valued at approximately $2,770,460.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael C. Mcmurray sold 16,940 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $100.84, for a total transaction of $1,708,229.60. Following the completion of the transaction, the chief financial officer now directly owns 88,858 shares of the company’s stock, valued at approximately $8,960,440.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 80,853 shares of company stock valued at $8,077,267. Corporate insiders own 0.11% of the company’s stock.

LyondellBasell Industries Price Performance

Shares of LYB traded up $0.73 during trading hours on Wednesday, reaching $102.18. 3,123,179 shares of the stock traded hands, compared to its average volume of 1,944,150. LyondellBasell Industries has a 52-week low of $84.80 and a 52-week high of $107.02. 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 company has a market cap of $33.27 billion, a P/E ratio of 15.79, a price-to-earnings-growth ratio of 1.43 and a beta of 1.18. The company’s 50-day moving average price is $101.14 and its two-hundred day moving average price is $96.86.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.17. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The firm had revenue of $9.93 billion during the quarter, compared to analysts’ expectations of $9.70 billion. During the same quarter last year, the business posted $2.50 earnings per share. The firm’s revenue was down 3.1% on a year-over-year basis. On average, analysts anticipate that LyondellBasell Industries will post 8.5 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, March 4th were given 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 dividend yield of 4.89%. LyondellBasell Industries’s dividend payout ratio is 77.28%.

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.