Golden State Equity Partners Raises Stake in LyondellBasell Industries (NYSE:LYB)

Golden State Equity Partners grew its stake in shares of LyondellBasell Industries (NYSE:LYB) by 1,912.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,046 shares of the specialty chemicals company’s stock after purchasing an additional 3,845 shares during the quarter. Golden State Equity Partners’ holdings in LyondellBasell Industries were worth $300,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Petredis Investment Advisors LLC boosted its position in 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 valued at $2,215,000 after buying an additional 116 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its position in LyondellBasell Industries by 25.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the specialty chemicals company’s stock valued at $58,000 after buying an additional 122 shares during the last quarter. Castleview Partners LLC boosted its position in LyondellBasell Industries by 7.2% in the third quarter. Castleview Partners LLC now owns 2,023 shares of the specialty chemicals company’s stock valued at $194,000 after buying an additional 136 shares during the last quarter. Webster Bank N. A. boosted its position in LyondellBasell Industries by 70.4% in the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 143 shares during the last quarter. Finally, Oliver Luxxe Assets LLC boosted its position in LyondellBasell Industries by 0.7% in the third quarter. Oliver Luxxe Assets LLC now owns 22,184 shares of the specialty chemicals company’s stock valued at $2,127,000 after buying an additional 146 shares during the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LYB has been the topic of a number of recent research reports. Mizuho dropped their target price 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 lowered their price objective on LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Monday. Royal Bank of Canada lowered their price objective on LyondellBasell Industries from $104.00 to $92.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft lowered their price objective on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Finally, StockNews.com lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $90.58.

LyondellBasell Industries Stock Up 0.8 %

NYSE LYB opened at $76.32 on Tuesday. The business has a fifty day moving average price of $76.46 and a 200 day moving average price of $87.12. LyondellBasell Industries has a one year low of $72.21 and a one year high of $107.02. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. The company has a market cap of $24.79 billion, a P/E ratio of 18.44, a P/E/G ratio of 5.11 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.53). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. During the same period last year, the company earned $1.26 earnings per share. Research analysts anticipate that LyondellBasell Industries will post 7.4 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.02%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 129.47%.

Insiders Place Their Bets

In other LyondellBasell Industries news, Director Robin W.T. Buchanan purchased 5,000 shares of the stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the acquisition, the director now owns 18,175 shares in the company, valued at $1,382,390.50. This trade represents a 37.95 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate 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.