TRUE Private Wealth Advisors Has $232,000 Stock Holdings in LyondellBasell Industries (NYSE:LYB)

TRUE Private Wealth Advisors increased its position in shares of LyondellBasell Industries (NYSE:LYB) by 7.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,444 shares of the specialty chemicals company’s stock after acquiring an additional 165 shares during the period. TRUE Private Wealth Advisors’ holdings in LyondellBasell Industries were worth $232,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in LYB. Valley National Advisers Inc. acquired a new stake in LyondellBasell Industries in the third quarter valued at approximately $25,000. Compass Wealth Management LLC acquired a new stake in LyondellBasell Industries in the fourth quarter valued at approximately $25,000. FSC Wealth Advisors LLC acquired a new stake in LyondellBasell Industries in the third quarter valued at approximately $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in LyondellBasell Industries in the third quarter valued at approximately $26,000. Finally, Venturi Wealth Management LLC boosted its position in LyondellBasell Industries by 410.2% in the fourth quarter. Venturi Wealth Management LLC now owns 301 shares of the specialty chemicals company’s stock valued at $29,000 after buying an additional 242 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, CFO Michael C. Mcmurray sold 16,940 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $100.84, for a total value of $1,708,229.60. Following the transaction, the chief financial officer now directly owns 88,858 shares in the company, valued at $8,960,440.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other LyondellBasell Industries news, EVP Kenneth Todd Lane sold 29,229 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $99.19, for a total value of $2,899,224.51. Following the transaction, the executive vice president now directly owns 91,758 shares in the company, valued at $9,101,476.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Michael C. Mcmurray sold 16,940 shares of the business’s 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 owns 88,858 shares in the company, valued at $8,960,440.72. The disclosure for this sale can be found here. Insiders have sold a total of 80,853 shares of company stock worth $8,077,267 over the last three months. 0.12% of the stock is currently owned by insiders.

LyondellBasell Industries Stock Down 0.3 %

LyondellBasell Industries stock opened at $99.40 on Friday. LyondellBasell Industries has a fifty-two week low of $84.80 and a fifty-two week high of $106.69. The stock has a market cap of $32.35 billion, a PE ratio of 15.36, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19. The firm’s 50-day simple moving average is $100.31 and its 200 day simple moving average is $96.13. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.17 and a current ratio of 1.84.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, February 2nd. The specialty chemicals company reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.07). The firm had revenue of $9.93 billion for the quarter, compared to analysts’ expectations of $9.85 billion. LyondellBasell Industries had a return on equity of 21.89% and a net margin of 5.16%. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.29 earnings per share. Research analysts predict that LyondellBasell Industries will post 8.63 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date of this dividend was Friday, March 1st. LyondellBasell Industries’s payout ratio is 77.28%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on LYB shares. Wells Fargo & Company lifted their price target 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. Citigroup lifted their price target 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. JPMorgan Chase & Co. lifted their target price on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. Royal Bank of Canada reissued an “outperform” rating and set a $107.00 target price on shares of LyondellBasell Industries in a research note on Monday, February 5th. Finally, Vertical Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.