Stablepoint Partners LLC Acquires 1,284 Shares of LyondellBasell Industries (NYSE:LYB)

Stablepoint Partners LLC grew its holdings in LyondellBasell Industries (NYSE:LYB) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,926 shares of the specialty chemicals company’s stock after purchasing an additional 1,284 shares during the period. Stablepoint Partners LLC’s holdings in LyondellBasell Industries were worth $3,931,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of LYB. CVA Family Office LLC raised its holdings in 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 acquiring an additional 159 shares during the period. Matrix Trust Co purchased a new stake in LyondellBasell Industries during the 3rd quarter worth about $30,000. Rosenberg Matthew Hamilton boosted its stake in LyondellBasell Industries by 268.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 295 shares during the period. Ashton Thomas Securities LLC purchased a new position in LyondellBasell Industries during the 3rd quarter valued at about $31,000. Finally, Fortitude Family Office LLC increased its position in shares of LyondellBasell Industries by 162.0% during the third quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company’s stock valued at $45,000 after buying an additional 290 shares during the period. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan acquired 5,000 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were purchased at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the transaction, the director now owns 18,175 shares of the company’s stock, valued at $1,382,390.50. The trade was a 37.95 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

LYB has been the subject of several recent analyst reports. Mizuho reduced their price objective on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a research note on Monday, December 9th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a report on Monday, November 4th. Barclays dropped their price objective on 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. Morgan Stanley lowered their price target on LyondellBasell Industries from $110.00 to $90.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Finally, Royal Bank of Canada cut their price objective on LyondellBasell Industries from $104.00 to $92.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $94.33.

LyondellBasell Industries Price Performance

LYB stock opened at $77.45 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13. The firm has a market cap of $25.15 billion, a P/E ratio of 11.79, a P/E/G ratio of 5.07 and a beta of 1.06. The firm’s fifty day moving average is $77.02 and its 200 day moving average is $87.86. LyondellBasell Industries has a 52 week low of $72.21 and a 52 week high of $107.02.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The company had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same period last year, the business posted $2.46 earnings per share. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. Research analysts predict that LyondellBasell Industries will post 6.48 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were given a $1.34 dividend. The ex-dividend date was Monday, December 2nd. This represents a $5.36 annualized dividend and a yield of 6.92%. LyondellBasell Industries’s payout ratio is currently 81.58%.

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.