Juncture Wealth Strategies LLC Decreases Stake in LyondellBasell Industries (NYSE:LYB)

Juncture Wealth Strategies LLC cut its stake in shares of LyondellBasell Industries (NYSE:LYB) by 31.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,736 shares of the specialty chemicals company’s stock after selling 1,255 shares during the quarter. Juncture Wealth Strategies LLC’s holdings in LyondellBasell Industries were worth $203,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in LYB. Advocate Group LLC grew its stake in LyondellBasell Industries by 9.0% during the 4th quarter. Advocate Group LLC now owns 53,973 shares of the specialty chemicals company’s stock valued at $4,009,000 after purchasing an additional 4,475 shares during the last quarter. Lantz Financial LLC lifted its holdings in shares of LyondellBasell Industries by 6.8% during the fourth quarter. Lantz Financial LLC now owns 3,543 shares of the specialty chemicals company’s stock worth $263,000 after purchasing an additional 226 shares during the period. Sound Income Strategies LLC boosted its position in LyondellBasell Industries by 8.1% in the fourth quarter. Sound Income Strategies LLC now owns 271,626 shares of the specialty chemicals company’s stock valued at $20,174,000 after buying an additional 20,310 shares during the last quarter. RFG Advisory LLC acquired a new position in LyondellBasell Industries in the 4th quarter worth approximately $363,000. Finally, IVC Wealth Advisors LLC raised its position in LyondellBasell Industries by 6.6% during the 4th quarter. IVC Wealth Advisors LLC now owns 11,493 shares of the specialty chemicals company’s stock worth $854,000 after buying an additional 709 shares during the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan acquired 5,000 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average price of $76.06 per share, with a total value of $380,300.00. Following the transaction, the director now owns 18,175 shares of the company’s stock, valued at approximately $1,382,390.50. This trade represents a 37.95 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. Wells Fargo & Company dropped their target price on LyondellBasell Industries from $105.00 to $95.00 and set an “overweight” rating on the stock in a report on Tuesday, December 10th. Barclays cut their target price 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 lowered their price target 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. Finally, StockNews.com cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Two research 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $94.33.

LyondellBasell Industries Stock Up 0.1 %

LYB opened at $77.45 on Friday. The company has a market cap of $25.15 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 5.07 and a beta of 1.06. The company has a 50-day moving average price of $77.02 and a 200 day moving average price of $87.86. LyondellBasell Industries has a twelve month low of $72.21 and a twelve month high of $107.02. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.10). The business had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The business’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.46 earnings per share. Sell-side analysts expect that LyondellBasell Industries will post 6.48 earnings per share 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 issued a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.92%. The ex-dividend date of this dividend was Monday, December 2nd. LyondellBasell Industries’s dividend payout ratio is currently 81.58%.

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.