By otakuyassine3@gmail.com 
Entropy Technologies LP raised its stake in LyondellBasell Industries (NYSE:LYB – Free Report) by 79.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,525 shares of the specialty chemicals company’s stock after acquiring an additional 12,627 shares during the period. Entropy Technologies LP’s holdings in LyondellBasell Industries were worth $2,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently made changes to their positions in the company. CWM LLC boosted its position in shares of LyondellBasell Industries by 14.0% in the 3rd quarter. CWM LLC now owns 8,360 shares of the specialty chemicals company’s stock valued at $802,000 after purchasing an additional 1,025 shares during the period. Wedmont Private Capital boosted its holdings in shares of LyondellBasell Industries by 12.7% in the third quarter. Wedmont Private Capital now owns 4,135 shares of the specialty chemicals company’s stock valued at $394,000 after acquiring an additional 467 shares during the period. Fiduciary Financial Group LLC grew its position in shares of LyondellBasell Industries by 9.6% during the third quarter. Fiduciary Financial Group LLC now owns 3,691 shares of the specialty chemicals company’s stock worth $347,000 after acquiring an additional 323 shares during the last quarter. Valeo Financial Advisors LLC increased its holdings in shares of LyondellBasell Industries by 5.6% in the 3rd quarter. Valeo Financial Advisors LLC now owns 5,939 shares of the specialty chemicals company’s stock valued at $570,000 after acquiring an additional 316 shares during the period. Finally, Ritholtz Wealth Management raised its position in LyondellBasell Industries by 57.1% in the 3rd quarter. Ritholtz Wealth Management now owns 4,002 shares of the specialty chemicals company’s stock valued at $384,000 after purchasing an additional 1,454 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.
LyondellBasell Industries Trading Down 1.5 %
Shares of LYB opened at $76.61 on Monday. LyondellBasell Industries has a twelve month low of $72.21 and a twelve month high of $107.02. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $24.88 billion, a P/E ratio of 18.50, a PEG ratio of 0.92 and a beta of 1.05. The firm’s 50-day moving average is $75.86 and its two-hundred day moving average is $86.49.
LyondellBasell Industries (NYSE:LYB – Get Free Report) last released its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.53). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. During the same period last year, the firm posted $1.26 earnings per share. On average, research analysts predict that LyondellBasell Industries will post 6.68 earnings per share for the current fiscal year.
LyondellBasell Industries Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were paid a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 7.00%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 129.47%.
Insider Buying and Selling
In other LyondellBasell Industries news, Director Robin W.T. Buchanan bought 5,000 shares of the business’s stock in a transaction on Friday, December 13th. The stock was bought at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the transaction, the director now owns 18,175 shares in the company, valued at approximately $1,382,390.50. The trade was a 37.95 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.11% of the company’s stock.
Analyst Ratings Changes
A number of research firms have commented on LYB. StockNews.com lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. The Goldman Sachs Group dropped their price target on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. UBS Group lowered their target price on LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft cut their price target on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research note on Monday, November 4th. Finally, Morgan Stanley dropped their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, LyondellBasell Industries currently has a consensus rating of “Hold” and a consensus target price of $89.17.
Get Our Latest Report on LyondellBasell Industries
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.
Further Reading
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