5,596 Shares in LyondellBasell Industries (NYSE:LYB) Acquired by Bristlecone Advisors LLC

Bristlecone Advisors LLC acquired a new position in LyondellBasell Industries (NYSE:LYB) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 5,596 shares of the specialty chemicals company’s stock, valued at approximately $416,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CVA Family Office LLC boosted its holdings in LyondellBasell Industries by 155.9% in the 3rd 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. Ashton Thomas Securities LLC bought a new position in LyondellBasell Industries in the 3rd quarter worth approximately $31,000. Webster Bank N. A. boosted its holdings in 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 during the period. Rosenberg Matthew Hamilton boosted its holdings 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 buying an additional 295 shares during the period. Finally, Fortitude Family Office LLC boosted its holdings in LyondellBasell Industries by 162.0% in the 3rd 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 period. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Price Performance

Shares of LyondellBasell Industries stock opened at $75.84 on Tuesday. The firm has a market cap of $24.63 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 0.92 and a beta of 1.05. LyondellBasell Industries has a 12-month low of $72.21 and a 12-month high of $107.02. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. The company’s fifty day simple moving average is $75.86 and its two-hundred day simple moving average is $86.43.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter in the previous year, the firm earned $1.26 earnings per share. As a group, equities analysts expect that LyondellBasell Industries will post 6.68 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a $1.34 dividend. The ex-dividend date was Monday, December 2nd. This represents a $5.36 annualized dividend and a yield of 7.07%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 129.47%.

Insiders Place Their Bets

In other news, Director Robin W.T. Buchanan bought 5,000 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was acquired at an average cost of $76.06 per share, with a total value of $380,300.00. Following the completion of the acquisition, the director now owns 18,175 shares of the company’s stock, valued at approximately $1,382,390.50. This represents a 37.95 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

LYB has been the subject of several analyst reports. The Goldman Sachs Group cut their price target on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a report on Thursday, December 12th. Morgan Stanley cut their price target on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Royal Bank of Canada raised their price target on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft cut their price target on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a report on Monday, November 4th. Finally, Mizuho cut their price target on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a report on Monday, December 9th. Two equities research 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.