Future Financial Wealth Managment LLC Invests $111,000 in LyondellBasell Industries (NYSE:LYB)

Future Financial Wealth Managment LLC bought a new stake in shares of LyondellBasell Industries (NYSE:LYB) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,500 shares of the specialty chemicals company’s stock, valued at approximately $111,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Rockland Trust Co. lifted its position in LyondellBasell Industries by 0.9% during the third quarter. Rockland Trust Co. now owns 13,070 shares of the specialty chemicals company’s stock valued at $1,253,000 after acquiring an additional 112 shares during the last quarter. Petredis Investment Advisors LLC raised its position in shares of LyondellBasell Industries by 0.5% in the third quarter. Petredis Investment Advisors LLC now owns 23,100 shares of the specialty chemicals company’s stock worth $2,215,000 after acquiring an additional 116 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in LyondellBasell Industries by 25.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the specialty chemicals company’s stock worth $58,000 after buying an additional 122 shares in the last quarter. Fiduciary Group LLC lifted its stake in LyondellBasell Industries by 6.5% in the 2nd quarter. Fiduciary Group LLC now owns 2,204 shares of the specialty chemicals company’s stock worth $211,000 after purchasing an additional 134 shares in the last quarter. Finally, Castleview Partners LLC increased its stake in shares of LyondellBasell Industries by 7.2% in the 3rd quarter. Castleview Partners LLC now owns 2,023 shares of the specialty chemicals company’s stock worth $194,000 after acquiring an additional 136 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average cost of $76.06 per share, with a total value of $380,300.00. Following the completion of the purchase, the director now directly owns 18,175 shares in the company, valued at $1,382,390.50. The trade was a 37.95 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.11% of the company’s stock.

LyondellBasell Industries Trading Up 3.4 %

Shares of LYB traded up $2.43 during trading hours on Monday, reaching $74.91. The stock had a trading volume of 1,874,984 shares, compared to its average volume of 2,858,741. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. The firm has a 50-day moving average of $78.59 and a 200 day moving average of $89.04. LyondellBasell Industries has a 52 week low of $72.21 and a 52 week high of $107.02. The company has a market cap of $24.33 billion, a P/E ratio of 11.40, a P/E/G ratio of 2.13 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The business had revenue of $10.33 billion for the quarter, compared to analyst estimates of $10.60 billion. LyondellBasell Industries’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the firm earned $2.46 EPS. On average, sell-side analysts expect that LyondellBasell Industries will post 7.02 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a $1.34 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 annualized dividend and a yield of 7.16%. LyondellBasell Industries’s dividend payout ratio is presently 81.58%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LYB. The Goldman Sachs Group lowered their price target on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a research report on Thursday, December 12th. Mizuho dropped their price target on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. Wells Fargo & Company reduced their target price on shares of LyondellBasell Industries from $105.00 to $95.00 and set an “overweight” rating for the company in a research note on Tuesday, December 10th. Barclays reduced their target price on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Finally, Piper Sandler reissued a “neutral” rating and issued a $95.00 price objective (down from $112.00) on shares of LyondellBasell Industries in a research note on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $94.33.

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.