J2 Capital Management Inc Takes $302,000 Position in LyondellBasell Industries (NYSE:LYB)

J2 Capital Management Inc purchased a new position in LyondellBasell Industries (NYSE:LYB) during the fourth quarter, Holdings Channel.com reports. The fund purchased 4,065 shares of the specialty chemicals company’s stock, valued at approximately $302,000.

Other institutional investors have also bought and sold shares of the company. CVA Family Office LLC lifted its position in shares of LyondellBasell Industries by 155.9% during the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 159 shares during the last quarter. Matrix Trust Co bought a new position in LyondellBasell Industries during the third quarter worth about $30,000. Rosenberg Matthew Hamilton increased its stake in shares of LyondellBasell Industries by 268.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 295 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of LyondellBasell Industries during the 3rd quarter valued at approximately $31,000. Finally, Fortitude Family Office LLC boosted its holdings in LyondellBasell Industries by 162.0% in the 3rd quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company’s stock worth $45,000 after buying an additional 290 shares during the period. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Insiders Place Their Bets

In other LyondellBasell Industries news, Director Robin W.T. Buchanan purchased 5,000 shares of the stock in a transaction on Friday, December 13th. The stock was acquired at an average price of $76.06 per share, with a total value of $380,300.00. Following the transaction, the director now directly owns 18,175 shares of the company’s stock, valued at approximately $1,382,390.50. This trade represents a 37.95 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on LYB shares. Mizuho dropped their target price on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. Morgan Stanley decreased their price target on LyondellBasell Industries from $110.00 to $90.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Barclays reduced their price objective on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. StockNews.com cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company decreased their price target on shares of LyondellBasell Industries from $105.00 to $95.00 and set an “overweight” rating on the stock in a report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, LyondellBasell Industries has an average rating of “Hold” and a consensus target price of $94.33.

LyondellBasell Industries Price Performance

LYB opened at $77.35 on Friday. The stock has a market capitalization of $25.12 billion, a P/E ratio of 11.77, a PEG ratio of 1.74 and a beta of 1.06. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81. LyondellBasell Industries has a 12-month low of $72.21 and a 12-month high of $107.02. The stock has a 50-day moving average price of $77.63 and a 200-day moving average price of $88.46.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.10). The business had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.46 earnings per share. Equities analysts predict that LyondellBasell Industries will post 6.8 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were given a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 annualized dividend and a yield of 6.93%. LyondellBasell Industries’s payout ratio is currently 81.58%.

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.