TCG Advisory Services LLC Makes New Investment in LyondellBasell Industries (NYSE:LYB)

TCG Advisory Services LLC bought a new stake in shares of LyondellBasell Industries (NYSE:LYB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,378 shares of the specialty chemicals company’s stock, valued at approximately $226,000.

Other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its holdings in LyondellBasell Industries by 35.5% during the 4th quarter. Pacer Advisors Inc. now owns 3,571,985 shares of the specialty chemicals company’s stock valued at $339,624,000 after acquiring an additional 935,430 shares during the period. Invesco Ltd. boosted its position in shares of LyondellBasell Industries by 24.9% during the 3rd quarter. Invesco Ltd. now owns 4,085,474 shares of the specialty chemicals company’s stock valued at $386,894,000 after acquiring an additional 815,083 shares during the last quarter. FMR LLC lifted its position in LyondellBasell Industries by 10.3% in the third quarter. FMR LLC now owns 8,408,551 shares of the specialty chemicals company’s stock valued at $796,290,000 after buying an additional 787,221 shares during the last quarter. ANTIPODES PARTNERS Ltd purchased a new stake in LyondellBasell Industries during the third quarter worth about $67,160,000. Finally, Bank of Nova Scotia increased its stake in LyondellBasell Industries by 3,162.5% in the third quarter. Bank of Nova Scotia now owns 614,259 shares of the specialty chemicals company’s stock valued at $58,170,000 after purchasing an additional 595,431 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Performance

NYSE LYB traded up $0.84 on Monday, reaching $99.96. 199,906 shares of the stock were exchanged, compared to its average volume of 1,905,630. The company has a current ratio of 2.12, a quick ratio of 1.32 and a debt-to-equity ratio of 0.85. The company’s 50-day simple moving average is $101.07 and its two-hundred day simple moving average is $96.74. The firm has a market capitalization of $32.55 billion, a PE ratio of 15.32, a PEG ratio of 1.43 and a beta of 1.18. LyondellBasell Industries has a one year low of $84.80 and a one year high of $106.69.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.36 by $0.17. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The business had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.70 billion. During the same quarter in the previous year, the firm earned $2.50 EPS. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. Analysts expect that LyondellBasell Industries will post 8.5 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, March 4th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 5.00%. The ex-dividend date of this dividend was Friday, March 1st. LyondellBasell Industries’s payout ratio is 77.28%.

Analyst Ratings Changes

LYB has been the topic of a number of research analyst reports. Barclays raised their price target on LyondellBasell Industries from $98.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. Mizuho upped their price objective on LyondellBasell Industries from $98.00 to $108.00 and gave the company a “neutral” rating in a report on Monday, April 29th. JPMorgan Chase & Co. raised their price target on LyondellBasell Industries from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. Citigroup raised their target price on LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. Finally, Wolfe Research assumed coverage on LyondellBasell Industries in a report on Friday, March 1st. They issued an “underperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $104.75.

Insiders Place Their Bets

In other LyondellBasell Industries news, EVP Kenneth Todd Lane sold 9,489 shares of LyondellBasell Industries stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $98.92, for a total transaction of $938,651.88. Following the transaction, the executive vice president now directly owns 89,445 shares in the company, valued at $8,847,899.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the 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 in the company, valued at approximately $2,770,460.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kenneth Todd Lane sold 9,489 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $98.92, for a total transaction of $938,651.88. Following the completion of the transaction, the executive vice president now directly owns 89,445 shares of the company’s stock, valued at $8,847,899.40. 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 three months. Insiders own 0.11% of the company’s stock.

LyondellBasell Industries 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.