LyondellBasell Industries (NYSE:LYB) Shares Acquired by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC boosted its holdings in LyondellBasell Industries (NYSE:LYB) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,465 shares of the specialty chemicals company’s stock after purchasing an additional 1,281 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in LyondellBasell Industries were worth $1,743,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. CVA Family Office LLC boosted its stake in shares of LyondellBasell Industries by 155.9% during the third 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. Matrix Trust Co purchased a new position in shares of LyondellBasell Industries in the 3rd quarter valued at approximately $30,000. Ashton Thomas Securities LLC acquired a new position in LyondellBasell Industries in the 3rd quarter valued at $31,000. Fortitude Family Office LLC increased its stake 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 worth $45,000 after acquiring an additional 290 shares during the period. Finally, Gilliland Jeter Wealth Management LLC raised its holdings in LyondellBasell Industries by 58.0% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 553 shares of the specialty chemicals company’s stock worth $53,000 after purchasing an additional 203 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Insider Buying and Selling

In other LyondellBasell Industries news, Director Robin W.T. Buchanan bought 5,000 shares of the company’s stock in a transaction that occurred on 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 owns 18,175 shares of the company’s stock, valued at $1,382,390.50. This trade represents a 37.95 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is owned by company insiders.

LyondellBasell Industries Price Performance

NYSE:LYB traded up $0.87 during trading hours on Monday, reaching $73.64. 1,932,108 shares of the company traded hands, compared to its average volume of 2,787,237. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25. The firm’s 50-day moving average is $79.98 and its 200-day moving average is $89.84. The stock has a market cap of $23.92 billion, a P/E ratio of 11.21, a P/E/G ratio of 2.13 and a beta of 1.06. LyondellBasell Industries has a 1-year low of $72.21 and a 1-year high of $107.02.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 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 analyst estimates of $10.60 billion. During the same period in the previous year, the business earned $2.46 EPS. The firm’s revenue was down 2.8% on a year-over-year basis. Equities research analysts expect that LyondellBasell Industries will post 7.02 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were paid a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 7.28%. The ex-dividend date of this dividend was Monday, December 2nd. LyondellBasell Industries’s payout ratio is 81.58%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on LYB shares. Barclays lowered their price objective on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft dropped their price objective on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a report on Monday, November 4th. The Goldman Sachs Group reduced their target price on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a report on Thursday, December 12th. Royal Bank of Canada lowered their price target on shares of LyondellBasell Industries from $104.00 to $92.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. Finally, JPMorgan Chase & Co. cut their price target on shares of LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, LyondellBasell Industries has an average rating of “Hold” and an average price target of $96.27.

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.