Leo Wealth LLC Acquires 553 Shares of LyondellBasell Industries (NYSE:LYB)

Leo Wealth LLC raised its holdings in LyondellBasell Industries (NYSE:LYB) by 17.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,695 shares of the specialty chemicals company’s stock after acquiring an additional 553 shares during the quarter. Leo Wealth LLC’s holdings in LyondellBasell Industries were worth $294,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. CVA Family Office LLC increased its stake in LyondellBasell Industries by 155.9% in the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock worth $25,000 after buying an additional 159 shares during the period. Webster Bank N. A. boosted its position in LyondellBasell Industries by 70.4% in the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 143 shares during the period. Rosenberg Matthew Hamilton increased its position in shares of LyondellBasell Industries by 268.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock worth $30,000 after acquiring an additional 295 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of LyondellBasell Industries during the third quarter valued at approximately $31,000. Finally, Fortitude Family Office LLC boosted its holdings in shares of LyondellBasell Industries by 162.0% in the third quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company’s stock valued at $45,000 after purchasing 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 news, Director Robin W.T. Buchanan acquired 5,000 shares of LyondellBasell Industries stock in a transaction dated Friday, December 13th. The stock was purchased at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the purchase, the director now directly owns 18,175 shares in the company, valued at $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 accessible through this link. Corporate insiders own 0.11% of the company’s stock.

LyondellBasell Industries Stock Down 1.5 %

LyondellBasell Industries stock opened at $76.61 on Friday. LyondellBasell Industries has a 1-year low of $72.21 and a 1-year high of $107.02. The business has a fifty day moving average price of $76.00 and a 200-day moving average price of $86.70. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. The stock has a market capitalization of $24.88 billion, a price-to-earnings ratio of 18.50, a PEG ratio of 5.11 and a beta of 1.05.

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 return on equity of 15.97% and a net margin of 3.39%. During the same period in the previous year, the business posted $1.26 EPS. Equities research analysts forecast that LyondellBasell Industries will post 7.4 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were paid a dividend of $1.34 per share. The ex-dividend date was Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a yield of 7.00%. LyondellBasell Industries’s payout ratio is 129.47%.

Analyst Ratings Changes

Several research analysts have commented on the company. Royal Bank of Canada raised their price objective on LyondellBasell Industries from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday. JPMorgan Chase & Co. decreased their price objective on LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday. StockNews.com cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Mizuho reduced their price target on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a report on Monday, December 9th. Finally, Piper Sandler reissued a “neutral” rating and set a $95.00 price objective (down from $112.00) on shares of LyondellBasell Industries in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $89.17.

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.