Yousif Capital Management LLC Acquires 2,068 Shares of LyondellBasell Industries (NYSE:LYB)

Yousif Capital Management LLC increased its holdings in LyondellBasell Industries (NYSE:LYB) by 4.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,786 shares of the specialty chemicals company’s stock after buying an additional 2,068 shares during the period. Yousif Capital Management LLC’s holdings in LyondellBasell Industries were worth $3,623,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of LYB. Czech National Bank lifted its stake in shares of LyondellBasell Industries by 8.1% during the 3rd quarter. Czech National Bank now owns 52,979 shares of the specialty chemicals company’s stock worth $5,081,000 after purchasing an additional 3,960 shares during the last quarter. Atomi Financial Group Inc. lifted its position in shares of LyondellBasell Industries by 56.3% during the third quarter. Atomi Financial Group Inc. now owns 5,320 shares of the specialty chemicals company’s stock valued at $510,000 after buying an additional 1,916 shares during the last quarter. CWM LLC boosted its holdings 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 buying an additional 1,025 shares in the last quarter. Wedmont Private Capital grew its position in shares of LyondellBasell Industries by 12.7% in the 3rd quarter. Wedmont Private Capital now owns 4,135 shares of the specialty chemicals company’s stock worth $394,000 after buying an additional 467 shares during the last quarter. Finally, WealthBridge Investment Counsel Inc. raised its stake in shares of LyondellBasell Industries by 4.1% during the 3rd quarter. WealthBridge Investment Counsel Inc. now owns 34,510 shares of the specialty chemicals company’s stock worth $3,310,000 after acquiring an additional 1,350 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Down 1.5 %

LYB stock opened at $76.61 on Friday. The company has a market capitalization of $24.88 billion, a P/E ratio of 18.50, a price-to-earnings-growth ratio of 5.11 and a beta of 1.05. LyondellBasell Industries has a 12 month low of $72.21 and a 12 month high of $107.02. The firm’s fifty day simple moving average is $76.00 and its 200-day simple moving average is $86.70. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.53). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. During the same quarter in the previous year, the business earned $1.26 earnings per share. As a group, equities research analysts forecast that LyondellBasell Industries will post 7.4 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were issued a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 7.00%. The ex-dividend date of this dividend was Monday, December 2nd. LyondellBasell Industries’s dividend payout ratio (DPR) is 129.47%.

Insider Activity at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan acquired 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, with a total value of $380,300.00. Following the completion of the acquisition, the director now owns 18,175 shares of the company’s stock, valued at approximately $1,382,390.50. This represents a 37.95 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.11% of the stock is owned by company insiders.

Analyst Ratings Changes

LYB has been the subject of several recent analyst reports. Piper Sandler restated a “neutral” rating and issued a $95.00 target price (down from $112.00) on shares of LyondellBasell Industries in a research note on Tuesday, January 7th. UBS Group lowered their price objective on LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. reduced their target price on LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday. Mizuho lowered 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. Finally, 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 note on Thursday, December 12th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $89.17.

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.