IVC Wealth Advisors LLC Raises Stock Holdings in LyondellBasell Industries (NYSE:LYB)

IVC Wealth Advisors LLC boosted its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 6.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 11,493 shares of the specialty chemicals company’s stock after acquiring an additional 709 shares during the quarter. IVC Wealth Advisors LLC’s holdings in LyondellBasell Industries were worth $854,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. CVA Family Office LLC boosted its stake in shares of LyondellBasell Industries by 155.9% during the third 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 bought a new stake in LyondellBasell Industries during the 3rd quarter valued at about $30,000. Rosenberg Matthew Hamilton boosted its position in LyondellBasell Industries by 268.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock valued at $30,000 after buying an additional 295 shares during the period. Ashton Thomas Securities LLC bought a new position in LyondellBasell Industries in the 3rd quarter worth about $31,000. Finally, Fortitude Family Office LLC increased its position in shares of LyondellBasell Industries by 162.0% during the third quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company’s stock worth $45,000 after acquiring an additional 290 shares during the period. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Up 0.4 %

LyondellBasell Industries stock opened at $77.35 on Friday. LyondellBasell Industries has a fifty-two week low of $72.21 and a fifty-two week high of $107.02. The company has a market cap of $25.12 billion, a PE ratio of 11.77, a PEG ratio of 5.12 and a beta of 1.06. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13. The business’s 50-day simple moving average is $77.23 and its two-hundred day simple moving average is $88.05.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.10). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The company had revenue of $10.33 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same period last year, the firm earned $2.46 EPS. The business’s quarterly 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 year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were given a $1.34 dividend. The ex-dividend date was Monday, December 2nd. This represents a $5.36 annualized dividend and a dividend yield of 6.93%. LyondellBasell Industries’s dividend payout ratio (DPR) is 81.58%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Barclays reduced their price target on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Mizuho decreased their price objective on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a research note on Monday, December 9th. The Goldman Sachs Group cut their target price on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research note on Thursday, December 12th. JPMorgan Chase & Co. decreased their price target on shares of LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. Finally, StockNews.com cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $94.33.

Insider Buying and Selling

In related news, Director Robin W.T. Buchanan purchased 5,000 shares of LyondellBasell Industries stock in a transaction dated Friday, December 13th. The shares were acquired at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the acquisition, the director now directly owns 18,175 shares in the company, valued at approximately $1,382,390.50. The trade was a 37.95 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is owned by company insiders.

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.