Advocate Group LLC Raises Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Advocate Group LLC boosted its holdings in LyondellBasell Industries (NYSE:LYB) by 9.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 53,973 shares of the specialty chemicals company’s stock after buying an additional 4,475 shares during the quarter. Advocate Group LLC’s holdings in LyondellBasell Industries were worth $4,009,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. CVA Family Office LLC raised its position in LyondellBasell Industries by 155.9% in the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock worth $25,000 after buying an additional 159 shares during the last quarter. Matrix Trust Co purchased a new position in LyondellBasell Industries in the 3rd quarter worth about $30,000. Ashton Thomas Securities LLC purchased a new position in LyondellBasell Industries in the 3rd quarter worth about $31,000. Rosenberg Matthew Hamilton raised 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 worth $30,000 after buying an additional 295 shares during the last quarter. Finally, Fortitude Family Office LLC increased its position in shares of LyondellBasell Industries by 162.0% during 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 last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Trading Up 0.1 %

NYSE:LYB opened at $77.45 on Friday. 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 0.81, a quick ratio of 1.25 and a current ratio of 2.13. The firm has a market cap of $25.15 billion, a P/E ratio of 11.79, a P/E/G ratio of 5.07 and a beta of 1.06. The firm has a 50-day simple moving average of $77.02 and a 200-day simple moving average of $87.86.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data 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). The firm had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The company’s revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.46 EPS. Equities analysts anticipate that LyondellBasell Industries will post 6.48 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were paid a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 annualized dividend and a dividend yield of 6.92%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 81.58%.

Insider Buying and Selling

In related news, Director Robin W.T. Buchanan purchased 5,000 shares of the business’s stock in a transaction on 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.11% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

LYB has been the subject of a number of recent research reports. Barclays cut their price objective on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. StockNews.com downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Mizuho reduced their target price on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. Piper Sandler restated a “neutral” rating and issued a $95.00 target price (down from $112.00) on shares of LyondellBasell Industries in a report on Tuesday, January 7th. Finally, Morgan Stanley reduced their target price on shares of LyondellBasell Industries from $110.00 to $90.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Two equities 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $94.33.

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.