LyondellBasell Industries (NYSE:LYB) Stock Holdings Lifted by Wealth Alliance

Wealth Alliance lifted its position in LyondellBasell Industries (NYSE:LYB) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,181 shares of the specialty chemicals company’s stock after acquiring an additional 539 shares during the period. Wealth Alliance’s holdings in LyondellBasell Industries were worth $1,253,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in LyondellBasell Industries by 1.1% during the first quarter. Vanguard Group Inc. now owns 30,852,225 shares of the specialty chemicals company’s stock valued at $3,172,226,000 after purchasing an additional 335,124 shares in the last quarter. State Street Corp grew its position in LyondellBasell Industries by 2.9% during the first quarter. State Street Corp now owns 12,322,280 shares of the specialty chemicals company’s stock valued at $1,266,977,000 after purchasing an additional 348,169 shares in the last quarter. FMR LLC grew its position in LyondellBasell Industries by 10.3% during the third quarter. FMR LLC now owns 8,408,551 shares of the specialty chemicals company’s stock valued at $796,290,000 after purchasing an additional 787,221 shares in the last quarter. Morgan Stanley lifted its stake in LyondellBasell Industries by 9.9% in the third quarter. Morgan Stanley now owns 6,305,596 shares of the specialty chemicals company’s stock valued at $597,140,000 after acquiring an additional 569,887 shares during the last quarter. Finally, Federated Hermes Inc. lifted its stake in LyondellBasell Industries by 4.0% in the third quarter. Federated Hermes Inc. now owns 5,667,924 shares of the specialty chemicals company’s stock valued at $536,752,000 after acquiring an additional 217,461 shares during the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Kenneth Todd Lane sold 9,489 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $98.92, for a total transaction of $938,651.88. Following the completion of the sale, the executive vice president now owns 89,445 shares in the company, valued at approximately $8,847,899.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Kenneth Todd Lane sold 9,489 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $98.92, for a total transaction of $938,651.88. Following the completion of the sale, the executive vice president now owns 89,445 shares in the company, valued at approximately $8,847,899.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robin W.T. Buchanan sold 18,111 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the sale, the director now owns 12,276 shares of the company’s stock, valued at approximately $1,233,246.96. The disclosure for this sale can be found here. Insiders sold 80,853 shares of company stock worth $8,077,267 in the last quarter. 0.12% of the stock is owned by corporate insiders.

LyondellBasell Industries Trading Down 1.3 %

Shares of LyondellBasell Industries stock opened at $99.15 on Wednesday. The firm has a market capitalization of $32.27 billion, a PE ratio of 15.32, a price-to-earnings-growth ratio of 1.24 and a beta of 1.19. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.84 and a quick ratio of 1.17. The company’s fifty day moving average price is $100.12 and its two-hundred day moving average price is $96.09. LyondellBasell Industries has a 52-week low of $84.80 and a 52-week high of $106.69.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, February 2nd. The specialty chemicals company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.07). The business had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.85 billion. LyondellBasell Industries had a net margin of 5.16% and a return on equity of 21.89%. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period last year, the firm earned $1.29 EPS. On average, analysts expect that LyondellBasell Industries will post 8.63 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 5.04%. The ex-dividend date of this dividend was Friday, March 1st. LyondellBasell Industries’s payout ratio is 77.28%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Vertical Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. Wolfe Research began coverage on shares of LyondellBasell Industries in a research note on Friday, March 1st. They issued an “underperform” rating for the company. Citigroup boosted their price objective on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 price objective for the company. in a research note on Wednesday, January 10th. Finally, Wells Fargo & Company boosted their price objective on shares of LyondellBasell Industries from $105.00 to $117.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $103.82.

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.