LMG Wealth Partners LLC Acquires 600 Shares of LyondellBasell Industries (NYSE:LYB)

LMG Wealth Partners LLC increased its holdings in LyondellBasell Industries (NYSE:LYB) by 4.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,760 shares of the specialty chemicals company’s stock after acquiring an additional 600 shares during the quarter. LMG Wealth Partners LLC’s holdings in LyondellBasell Industries were worth $1,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Webster Bank N. A. lifted its holdings in shares of LyondellBasell Industries by 70.4% during the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 143 shares during the last quarter. Rosenberg Matthew Hamilton increased its position in LyondellBasell Industries by 268.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock valued at $30,000 after buying an additional 295 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in LyondellBasell Industries during the third quarter valued at $31,000. Fortitude Family Office LLC grew its stake 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 worth $45,000 after acquiring an additional 290 shares during the last quarter. Finally, Pinnacle Bancorp Inc. bought a new position in shares of LyondellBasell Industries during the fourth quarter valued at $59,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Trading Down 1.0 %

LyondellBasell Industries stock opened at $77.42 on Thursday. The business has a 50-day simple moving average of $75.62 and a two-hundred day simple moving average of $85.35. LyondellBasell Industries has a 52-week low of $72.21 and a 52-week high of $107.02. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. The company has a market cap of $25.14 billion, a P/E ratio of 18.70, a P/E/G ratio of 0.96 and a beta of 1.05.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.53). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. During the same quarter in the previous year, the firm earned $1.26 EPS. Analysts predict that LyondellBasell Industries will post 6.31 EPS for the current 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 issued a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 6.92%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries’s dividend payout ratio is presently 129.47%.

Insiders Place Their Bets

In other news, Director Robin W.T. Buchanan purchased 5,000 shares of the company’s stock in a transaction on Friday, December 13th. The stock was acquired at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the transaction, 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 acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

LYB has been the topic of a number of analyst reports. UBS Group dropped their price target on shares of LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Wells Fargo & Company cut their price target on shares of LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Royal Bank of Canada boosted their price objective on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, February 4th. Barclays cut their target price on LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Finally, StockNews.com cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Two research 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.com, LyondellBasell Industries currently has an average rating of “Hold” and an average price target of $88.25.

LyondellBasell Industries Company 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.