Kestra Investment Management LLC Purchases 2,192 Shares of LyondellBasell Industries (NYSE:LYB)

Kestra Investment Management LLC grew its holdings in LyondellBasell Industries (NYSE:LYB) by 65.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,556 shares of the specialty chemicals company’s stock after purchasing an additional 2,192 shares during the quarter. Kestra Investment Management LLC’s holdings in LyondellBasell Industries were worth $413,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Webster Bank N. A. grew its holdings in LyondellBasell Industries by 70.4% during the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 143 shares during the period. Rosenberg Matthew Hamilton boosted its position in shares of 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 last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of LyondellBasell Industries during the third quarter worth $31,000. Fortitude Family Office LLC increased its holdings in 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. Finally, Pinnacle Bancorp Inc. acquired a new position in LyondellBasell Industries in the fourth quarter valued at about $59,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Stock Down 1.0 %

NYSE:LYB opened at $77.42 on Thursday. The company has a market cap of $25.14 billion, a PE ratio of 18.70, a PEG ratio of 0.96 and a beta of 1.05. The stock has a 50-day simple moving average of $75.62 and a 200 day simple moving average of $85.35. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. LyondellBasell Industries has a 52-week low of $72.21 and a 52-week high of $107.02.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (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 last year, the company earned $1.26 earnings per share. On average, sell-side analysts expect that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed 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 was Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.92%. LyondellBasell Industries’s dividend payout ratio is 129.47%.

Insider Activity

In related news, Director Robin W.T. Buchanan acquired 5,000 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was bought at an average price of $76.06 per share, with a total value of $380,300.00. Following the acquisition, the director now owns 18,175 shares in the company, valued at $1,382,390.50. This represents a 37.95 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on LYB shares. Piper Sandler decreased their target price on LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research note on Monday, November 4th. JPMorgan Chase & Co. reduced their price target on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Barclays lowered their price objective on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Finally, 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 report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, LyondellBasell Industries has a consensus rating of “Hold” and a consensus target price of $88.25.

LyondellBasell Industries 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.