Abundance Wealth Counselors Grows Stock Position in LyondellBasell Industries (NYSE:LYB)

Abundance Wealth Counselors boosted its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,281 shares of the specialty chemicals company’s stock after buying an additional 443 shares during the quarter. Abundance Wealth Counselors’ holdings in LyondellBasell Industries were worth $787,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Valley National Advisers Inc. bought a new position in LyondellBasell Industries in the 3rd quarter worth $25,000. Compass Wealth Management LLC purchased a new position in shares of LyondellBasell Industries during the 4th quarter valued at about $25,000. Intrepid Capital Management Inc. purchased a new stake in LyondellBasell Industries in the 2nd quarter worth approximately $26,000. FSC Wealth Advisors LLC purchased a new stake in LyondellBasell Industries in the 3rd quarter worth approximately $26,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in LyondellBasell Industries in the 3rd quarter worth approximately $26,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Performance

NYSE:LYB opened at $101.14 on Wednesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.17 and a current ratio of 1.84. The stock’s fifty day moving average is $97.31 and its 200 day moving average is $95.47. LyondellBasell Industries has a fifty-two week low of $84.80 and a fifty-two week high of $102.93. The firm has a market capitalization of $32.82 billion, a PE ratio of 15.63, a PEG ratio of 1.22 and a beta of 1.19.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, February 2nd. The specialty chemicals company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.07). The business had revenue of $9.93 billion during the quarter, compared to analysts’ expectations of $9.85 billion. LyondellBasell Industries had a return on equity of 21.89% and a net margin of 5.16%. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.29 EPS. On average, sell-side analysts anticipate that LyondellBasell Industries will post 8.81 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were paid a dividend of $1.25 per share. The ex-dividend date was Friday, March 1st. This represents a $5.00 annualized dividend and a dividend yield of 4.94%. LyondellBasell Industries’s dividend payout ratio is currently 77.28%.

Analyst Ratings Changes

Several research firms recently issued reports on LYB. Deutsche Bank Aktiengesellschaft lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 target price for the company. in a report on Wednesday, January 10th. Citigroup downgraded LyondellBasell Industries from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $105.00 to $98.00 in a research note on Wednesday, December 13th. Royal Bank of Canada restated an “outperform” rating and issued a $107.00 price target on shares of LyondellBasell Industries in a research note on Monday, February 5th. Wolfe Research assumed coverage on LyondellBasell Industries in a research note on Friday, March 1st. They issued an “underperform” rating for the company. Finally, JPMorgan Chase & Co. upped their price target on LyondellBasell Industries from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, LyondellBasell Industries has an average rating of “Hold” and a consensus price target of $101.33.

Insider Activity at LyondellBasell Industries

In related news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $100.47, for a total transaction of $711,729.48. Following the sale, the chief accounting officer now owns 27,575 shares of the company’s stock, valued at $2,770,460.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other LyondellBasell Industries news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $100.47, for a total value of $711,729.48. Following the completion of the sale, the chief accounting officer now owns 27,575 shares of the company’s stock, valued at $2,770,460.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Kenneth Todd Lane sold 29,229 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $99.19, for a total value of $2,899,224.51. Following the completion of the sale, the executive vice president now directly owns 91,758 shares of the company’s stock, valued at approximately $9,101,476.02. The disclosure for this sale can be found here. Insiders have sold a total of 80,853 shares of company stock valued at $8,077,267 over the last quarter. 0.12% of the stock is owned by corporate insiders.

About LyondellBasell Industries

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.