Metis Global Partners LLC Acquires 115 Shares of LyondellBasell Industries (NYSE:LYB)

Metis Global Partners LLC boosted its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,264 shares of the specialty chemicals company’s stock after buying an additional 115 shares during the quarter. Metis Global Partners LLC’s holdings in LyondellBasell Industries were worth $1,261,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LYB. Mutual Advisors LLC lifted its position in LyondellBasell Industries by 0.8% during the third quarter. Mutual Advisors LLC now owns 14,386 shares of the specialty chemicals company’s stock valued at $1,362,000 after purchasing an additional 111 shares during the last quarter. Czech National Bank lifted its position in LyondellBasell Industries by 0.3% during the fourth quarter. Czech National Bank now owns 44,879 shares of the specialty chemicals company’s stock valued at $4,267,000 after purchasing an additional 116 shares during the last quarter. Cowa LLC lifted its position in LyondellBasell Industries by 3.7% during the third quarter. Cowa LLC now owns 3,290 shares of the specialty chemicals company’s stock valued at $312,000 after purchasing an additional 117 shares during the last quarter. First Trust Direct Indexing L.P. lifted its position in LyondellBasell Industries by 2.0% during the third quarter. First Trust Direct Indexing L.P. now owns 6,951 shares of the specialty chemicals company’s stock valued at $658,000 after purchasing an additional 134 shares during the last quarter. Finally, Bison Wealth LLC lifted its position in LyondellBasell Industries by 4.3% during the third quarter. Bison Wealth LLC now owns 3,233 shares of the specialty chemicals company’s stock valued at $306,000 after purchasing an additional 134 shares during 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 research reports. Mizuho increased their price objective on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. Citigroup raised their target price 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. Deutsche Bank Aktiengesellschaft raised their target price on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. JPMorgan Chase & Co. raised their target price on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. Finally, Wells Fargo & Company raised their target price on shares of LyondellBasell Industries from $105.00 to $117.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $105.08.

LyondellBasell Industries Trading Up 0.7 %

NYSE LYB opened at $102.18 on Thursday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.32 and a current ratio of 2.12. The company has a market capitalization of $33.27 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 1.43 and a beta of 1.18. The company’s 50-day simple moving average is $101.14 and its two-hundred day simple moving average is $96.86. LyondellBasell Industries has a one year low of $84.80 and a one year high of $107.02.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 EPS 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 5.20% and a return on equity of 19.31%. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.50 EPS. Equities analysts forecast that LyondellBasell Industries will post 8.5 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date was Friday, March 1st. LyondellBasell Industries’s payout ratio is currently 77.28%.

Insider Transactions at LyondellBasell Industries

In other news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of LyondellBasell Industries stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 27,575 shares of the company’s stock, valued at approximately $2,770,460.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Robin W.T. Buchanan sold 18,111 shares of LyondellBasell Industries 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 directly owns 12,276 shares in the company, valued at approximately $1,233,246.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Chukwuemeka A. Oyolu sold 7,084 shares of LyondellBasell Industries stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $100.47, for a total transaction of $711,729.48. Following the completion of the sale, the chief accounting officer now owns 27,575 shares of the company’s stock, valued at $2,770,460.25. The disclosure for this sale can be found here. Insiders have sold a total of 80,853 shares of company stock valued at $8,077,267 in the last 90 days. Insiders own 0.11% of the company’s stock.

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.