Abbot Financial Management Inc. Buys 800 Shares of LyondellBasell Industries (NYSE:LYB)

Abbot Financial Management Inc. raised its stake in LyondellBasell Industries (NYSE:LYB) by 11.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 7,855 shares of the specialty chemicals company’s stock after acquiring an additional 800 shares during the period. Abbot Financial Management Inc.’s holdings in LyondellBasell Industries were worth $583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp increased its stake in LyondellBasell Industries by 1.9% during the third quarter. State Street Corp now owns 12,202,118 shares of the specialty chemicals company’s stock valued at $1,170,183,000 after acquiring an additional 230,327 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of LyondellBasell Industries by 7.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,582,119 shares of the specialty chemicals company’s stock valued at $637,394,000 after purchasing an additional 558,137 shares during the period. Geode Capital Management LLC raised its stake in shares of LyondellBasell Industries by 4.4% in the third quarter. Geode Capital Management LLC now owns 6,605,151 shares of the specialty chemicals company’s stock valued at $638,964,000 after purchasing an additional 277,108 shares in the last quarter. JPMorgan Chase & Co. lifted its position in LyondellBasell Industries by 3.7% in the third quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company’s stock worth $501,501,000 after purchasing an additional 187,150 shares during the period. Finally, Franklin Resources Inc. boosted its stake in LyondellBasell Industries by 11.4% during the third quarter. Franklin Resources Inc. now owns 2,875,267 shares of the specialty chemicals company’s stock worth $268,664,000 after buying an additional 293,622 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan acquired 5,000 shares of LyondellBasell Industries stock in a transaction on Friday, December 13th. The shares were purchased at an average cost of $76.06 per share, with a total value of $380,300.00. Following the completion of the purchase, the director now owns 18,175 shares in the company, valued at $1,382,390.50. The trade was a 37.95 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.11% of the stock is owned by company insiders.

LyondellBasell Industries Stock Up 0.1 %

Shares of NYSE:LYB opened at $73.51 on Wednesday. LyondellBasell Industries has a 12 month low of $72.21 and a 12 month high of $107.02. The firm has a market cap of $23.87 billion, a P/E ratio of 17.76, a P/E/G ratio of 0.97 and a beta of 1.05. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. The company’s 50-day moving average price is $75.90 and its two-hundred day moving average price is $84.02.

LyondellBasell Industries (NYSE:LYB) last issued 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 net margin of 3.39% and a return on equity of 15.97%. During the same quarter last year, the business posted $1.26 earnings per share. As a group, research analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 7.29%. The ex-dividend date of this dividend is Monday, March 10th. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 129.47%.

Wall Street Analyst Weigh In

LYB has been the subject of a number of recent research reports. Barclays dropped their price objective on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Royal Bank of Canada raised their price target on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. lowered their price objective on LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Wells Fargo & Company cut their target price on LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Finally, UBS Group lowered their price target on LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, LyondellBasell Industries presently has a consensus rating of “Hold” and a consensus price target of $88.25.

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.