Viking Fund Management LLC Has $3.19 Million Stake in LyondellBasell Industries (NYSE:LYB)

Viking Fund Management LLC boosted its holdings in LyondellBasell Industries (NYSE:LYB) by 2,766.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,000 shares of the specialty chemicals company’s stock after buying an additional 41,500 shares during the period. Viking Fund Management LLC’s holdings in LyondellBasell Industries were worth $3,194,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CVA Family Office LLC lifted its stake in shares of LyondellBasell Industries by 155.9% in the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 159 shares during the period. Matrix Trust Co acquired a new stake in LyondellBasell Industries in the third quarter worth $30,000. Rosenberg Matthew Hamilton lifted its holdings in LyondellBasell Industries by 268.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock worth $30,000 after acquiring an additional 295 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in LyondellBasell Industries in the third quarter valued at about $31,000. Finally, Fortitude Family Office LLC grew its position in shares of LyondellBasell Industries by 162.0% in the 3rd quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company’s stock valued at $45,000 after purchasing an additional 290 shares during the period. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Trading Up 0.5 %

Shares of LYB opened at $77.70 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13. LyondellBasell Industries has a 52-week low of $72.21 and a 52-week high of $107.02. The firm has a market cap of $25.23 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 5.09 and a beta of 1.06. The business’s fifty day moving average is $77.36 and its 200-day moving average is $88.13.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing the consensus estimate 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. During the same period in the previous year, the firm posted $2.46 EPS. The firm’s revenue was down 2.8% compared to the same quarter last year. Equities analysts anticipate that LyondellBasell Industries will post 6.48 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

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 dividend of $1.34 per share. The ex-dividend date was Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.90%. LyondellBasell Industries’s payout ratio is presently 81.58%.

Insider Transactions at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan purchased 5,000 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were purchased 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 owns 18,175 shares of the company’s stock, valued at $1,382,390.50. This trade represents a 37.95 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. dropped their target price on LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a report on Monday, November 4th. The Goldman Sachs Group cut their price objective 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. Morgan Stanley reduced their target price on shares of LyondellBasell Industries from $110.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Finally, Mizuho dropped their price target on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a report on Monday, December 9th. 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $94.33.

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.