Bedel Financial Consulting Inc. Acquires 2,224 Shares of LyondellBasell Industries (NYSE:LYB)

Bedel Financial Consulting Inc. increased its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 82.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,925 shares of the specialty chemicals company’s stock after buying an additional 2,224 shares during the quarter. Bedel Financial Consulting Inc.’s holdings in LyondellBasell Industries were worth $379,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Webster Bank N. A. lifted its stake in shares of LyondellBasell Industries by 70.4% during the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 143 shares during the last quarter. Cairn Investment Group Inc. raised its position in LyondellBasell Industries by 0.4% during the 4th quarter. Cairn Investment Group Inc. now owns 42,147 shares of the specialty chemicals company’s stock valued at $3,130,000 after purchasing an additional 155 shares in the last quarter. Raymond James Trust N.A. raised its position in LyondellBasell Industries by 1.0% during the 3rd quarter. Raymond James Trust N.A. now owns 17,483 shares of the specialty chemicals company’s stock valued at $1,677,000 after purchasing an additional 173 shares in the last quarter. Alliance Wealth Advisors LLC UT raised its position in LyondellBasell Industries by 5.2% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 3,608 shares of the specialty chemicals company’s stock valued at $268,000 after purchasing an additional 177 shares in the last quarter. Finally, Y.D. More Investments Ltd raised its position in LyondellBasell Industries by 14.9% during the 4th quarter. Y.D. More Investments Ltd now owns 1,497 shares of the specialty chemicals company’s stock valued at $111,000 after purchasing an additional 194 shares in the last quarter. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Stock Down 4.5 %

NYSE:LYB opened at $73.39 on Tuesday. The firm has a market capitalization of $23.83 billion, a P/E ratio of 17.73, a PEG ratio of 0.97 and a beta of 1.05. LyondellBasell Industries has a 1-year low of $72.21 and a 1-year high of $107.02. The company’s fifty day moving average price is $75.91 and its 200-day moving average price is $84.19. 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 released its quarterly earnings data 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 quarter last year, the business posted $1.26 earnings per share. As a group, equities research analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a dividend of $1.34 per share. The ex-dividend date is Monday, March 10th. This represents a $5.36 annualized dividend and a yield of 7.30%. LyondellBasell Industries’s dividend payout ratio is presently 129.47%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on LYB shares. UBS Group decreased their target price 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. Barclays reduced their price target on LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Mizuho reduced their price target on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. StockNews.com lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, Piper Sandler dropped their target price on LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. One research analyst has 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 company currently has an average rating of “Hold” and an average target price of $88.25.

Insider Activity at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan acquired 5,000 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were acquired at an average cost of $76.06 per share, with a total value of $380,300.00. Following the completion of the acquisition, the director now directly owns 18,175 shares in the company, valued at approximately $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 available through this link. 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.