Lindbrook Capital LLC Boosts Position in LyondellBasell Industries (NYSE:LYB)

Lindbrook Capital LLC lifted its stake in shares of LyondellBasell Industries (NYSE:LYB) by 45.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 913 shares of the specialty chemicals company’s stock after acquiring an additional 286 shares during the period. Lindbrook Capital LLC’s holdings in LyondellBasell Industries were worth $87,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Valley National Advisers Inc. purchased a new position in shares of LyondellBasell Industries during the 3rd quarter worth $25,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of LyondellBasell Industries during the 3rd quarter worth $26,000. FSC Wealth Advisors LLC acquired a new stake in shares of LyondellBasell Industries during the 3rd quarter worth about $26,000. Venturi Wealth Management LLC increased its position in shares of 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 purchasing an additional 242 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. increased its position in shares of LyondellBasell Industries by 133.9% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 393 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 225 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Performance

Shares of LyondellBasell Industries stock opened at $100.78 on Thursday. LyondellBasell Industries has a one year low of $84.80 and a one year high of $106.69. The company has a market cap of $32.80 billion, a PE ratio of 15.58, a P/E/G ratio of 1.24 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. The business has a 50-day simple moving average of $100.74 and a 200-day simple moving average of $96.39.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, February 2nd. The specialty chemicals company reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.07). The company had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.85 billion. LyondellBasell Industries had a return on equity of 21.89% and a net margin of 5.16%. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.29 earnings per share. On average, equities research analysts forecast that LyondellBasell Industries will post 8.63 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 4.96%. The ex-dividend date was Friday, March 1st. LyondellBasell Industries’s payout ratio is 77.28%.

Insider Buying and Selling

In related news, Director Robin W.T. Buchanan sold 18,111 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the completion of the sale, the director now owns 12,276 shares in the company, valued at $1,233,246.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other LyondellBasell Industries news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $100.47, for a total value of $711,729.48. Following the completion of the sale, the chief accounting officer now owns 27,575 shares in the company, valued at $2,770,460.25. The sale was disclosed in a document filed with the SEC, which is available through this link. 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 completion of the sale, the director now owns 12,276 shares of the company’s stock, valued at approximately $1,233,246.96. The disclosure for this sale can be found here. Insiders sold a total of 80,853 shares of company stock worth $8,077,267 over the last 90 days. 0.11% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LYB. JPMorgan Chase & Co. raised their price objective on LyondellBasell Industries from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, March 22nd. Vertical Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, January 3rd. Royal Bank of Canada reissued an “outperform” rating and set a $107.00 price objective on shares of LyondellBasell Industries in a research report on Monday, February 5th. Barclays raised their price objective 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. Finally, Wolfe Research initiated coverage on LyondellBasell Industries in a research report on Friday, March 1st. They issued an “underperform” rating for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, LyondellBasell Industries has an average rating of “Hold” and an average target price of $103.82.

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.