Savant Capital LLC Raises Position in LyondellBasell Industries (NYSE:LYB)

Savant Capital LLC increased its stake in shares of LyondellBasell Industries (NYSE:LYB) by 100.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,721 shares of the specialty chemicals company’s stock after buying an additional 7,866 shares during the quarter. Savant Capital LLC’s holdings in LyondellBasell Industries were worth $1,168,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC lifted its position in shares of LyondellBasell Industries by 14.0% during the third quarter. CWM LLC now owns 8,360 shares of the specialty chemicals company’s stock valued at $802,000 after purchasing an additional 1,025 shares in the last quarter. Inspire Investing LLC lifted its position in shares of LyondellBasell Industries by 7.8% during the 3rd quarter. Inspire Investing LLC now owns 4,024 shares of the specialty chemicals company’s stock worth $386,000 after buying an additional 290 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of LyondellBasell Industries by 1,171.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,132 shares of the specialty chemicals company’s stock worth $109,000 after buying an additional 1,043 shares in the last quarter. SPC Financial Inc. grew its holdings in shares of LyondellBasell Industries by 8.3% in the third quarter. SPC Financial Inc. now owns 6,723 shares of the specialty chemicals company’s stock valued at $645,000 after acquiring an additional 516 shares in the last quarter. Finally, Bleakley Financial Group LLC increased its position in shares of LyondellBasell Industries by 10.0% during the third quarter. Bleakley Financial Group LLC now owns 14,544 shares of the specialty chemicals company’s stock valued at $1,395,000 after acquiring an additional 1,321 shares during the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan purchased 5,000 shares of the business’s 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 purchase, the director now directly owns 18,175 shares in the company, valued at approximately $1,382,390.50. This represents a 37.95 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.11% of the stock is owned by insiders.

Analysts Set New Price Targets

LYB has been the subject of a number of recent analyst reports. Morgan Stanley reduced their price objective on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Mizuho lowered their price objective on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. StockNews.com downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. UBS Group lowered their price target on shares of LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. reduced 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, February 4th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, LyondellBasell Industries presently has a consensus rating of “Hold” and a consensus price target of $88.25.

LyondellBasell Industries Price Performance

Shares of NYSE:LYB opened at $76.74 on Friday. The company has a 50 day moving average of $75.59 and a 200 day moving average of $86.00. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. The stock has a market cap of $24.92 billion, a P/E ratio of 18.54, a P/E/G ratio of 0.92 and a beta of 1.05. LyondellBasell Industries has a 12 month low of $72.21 and a 12 month high of $107.02.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing the consensus estimate 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 quarter in the prior year, the firm posted $1.26 earnings per share. As a group, sell-side analysts forecast that LyondellBasell Industries will post 6.68 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders 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 dividend on an annualized basis and a dividend yield of 6.98%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 129.47%.

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.