Regents Gate Capital LLP Invests $2.13 Million in LyondellBasell Industries (NYSE:LYB)

Regents Gate Capital LLP bought a new stake in LyondellBasell Industries (NYSE:LYB) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 28,677 shares of the specialty chemicals company’s stock, valued at approximately $2,130,000.

Several other institutional investors also recently made changes to their positions in the stock. CVA Family Office LLC boosted its holdings in 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 in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of LyondellBasell Industries in the third quarter valued at $31,000. Webster Bank N. A. boosted its position 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 worth $26,000 after buying an additional 143 shares in the last quarter. Rosenberg Matthew Hamilton increased its holdings 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 acquiring an additional 295 shares in the last quarter. Finally, Fortitude Family Office LLC grew its position 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 valued at $45,000 after purchasing an additional 290 shares during the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Robin W.T. Buchanan purchased 5,000 shares of the stock in a transaction dated 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 acquisition, 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 acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.11% of the company’s stock.

LyondellBasell Industries Price Performance

LYB stock opened at $76.61 on Monday. The stock has a 50-day moving average price of $75.86 and a two-hundred day moving average price of $86.49. The company has a market cap of $24.88 billion, a PE ratio of 18.50, a price-to-earnings-growth ratio of 0.92 and a beta of 1.05. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. LyondellBasell Industries has a 12-month low of $72.21 and a 12-month high of $107.02.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly 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 net margin of 3.39% and a return on equity of 15.97%. During the same quarter last year, the firm earned $1.26 EPS. As a group, research analysts predict that LyondellBasell Industries will post 6.68 EPS for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were paid a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 annualized dividend and a dividend yield of 7.00%. LyondellBasell Industries’s dividend payout ratio is presently 129.47%.

Analyst Ratings Changes

LYB has been the topic of a number of recent research reports. Morgan Stanley reduced their target price on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. StockNews.com cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price objective on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Royal Bank of Canada lifted their target price on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 4th. Finally, Barclays cut their price target on LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $89.17.

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.