SVB Wealth LLC Makes New Investment in LyondellBasell Industries (NYSE:LYB)

SVB Wealth LLC purchased a new position in shares of LyondellBasell Industries (NYSE:LYB) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 14,857 shares of the specialty chemicals company’s stock, valued at approximately $1,103,000.

Several other hedge funds have also recently added to or reduced their stakes in LYB. Webster Bank N. A. lifted its stake in shares of 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 acquiring an additional 143 shares during the last quarter. Cairn Investment Group Inc. lifted its stake in shares of LyondellBasell Industries by 0.4% in the 4th quarter. Cairn Investment Group Inc. now owns 42,147 shares of the specialty chemicals company’s stock valued at $3,130,000 after acquiring an additional 155 shares during the last quarter. Raymond James Trust N.A. lifted its stake in shares of LyondellBasell Industries by 1.0% in the 3rd quarter. Raymond James Trust N.A. now owns 17,483 shares of the specialty chemicals company’s stock valued at $1,677,000 after acquiring an additional 173 shares during the last quarter. Alliance Wealth Advisors LLC UT lifted its stake in shares of LyondellBasell Industries by 5.2% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 3,608 shares of the specialty chemicals company’s stock valued at $268,000 after acquiring an additional 177 shares during the last quarter. Finally, Y.D. More Investments Ltd lifted its stake in shares of LyondellBasell Industries by 14.9% in the 4th quarter. Y.D. More Investments Ltd now owns 1,497 shares of the specialty chemicals company’s stock valued at $111,000 after acquiring an additional 194 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Up 1.0 %

LYB stock opened at $76.77 on Monday. LyondellBasell Industries has a fifty-two week low of $72.21 and a fifty-two week high of $107.02. The business’s 50 day moving average price is $75.92 and its two-hundred day moving average price is $84.36. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. The company has a market capitalization of $24.93 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 0.97 and a beta of 1.05.

LyondellBasell Industries (NYSE:LYB) last posted its 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 company posted $1.26 EPS. As a group, analysts forecast that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be issued a dividend of $1.34 per share. The ex-dividend date of this dividend is Monday, March 10th. 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 129.47%.

Insiders Place Their Bets

In related news, Director Robin W.T. Buchanan purchased 5,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were purchased at an average cost of $76.06 per share, with a total value of $380,300.00. Following 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LYB. Barclays lowered their target price on LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. JPMorgan Chase & Co. lowered their target price on LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. StockNews.com lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Morgan Stanley reduced their price target on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Finally, Mizuho reduced their price target on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, LyondellBasell Industries currently has a consensus rating of “Hold” and a consensus target price 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.