NewSquare Capital LLC Boosts Holdings in LyondellBasell Industries (NYSE:LYB)

NewSquare Capital LLC raised its stake in LyondellBasell Industries (NYSE:LYB) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,157 shares of the specialty chemicals company’s stock after acquiring an additional 1,842 shares during the quarter. NewSquare Capital LLC’s holdings in LyondellBasell Industries were worth $6,391,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mutual Advisors LLC lifted its holdings in LyondellBasell Industries by 0.8% during the third quarter. Mutual Advisors LLC now owns 14,386 shares of the specialty chemicals company’s stock valued at $1,362,000 after purchasing an additional 111 shares during the last quarter. Czech National Bank boosted its holdings in LyondellBasell Industries by 0.3% in the 4th quarter. Czech National Bank now owns 44,879 shares of the specialty chemicals company’s stock worth $4,267,000 after buying an additional 116 shares during the period. Cambridge Trust Co. grew its stake in LyondellBasell Industries by 26.0% in the 3rd quarter. Cambridge Trust Co. now owns 567 shares of the specialty chemicals company’s stock valued at $54,000 after buying an additional 117 shares in the last quarter. Cowa LLC raised its holdings in LyondellBasell Industries by 3.7% during the 3rd quarter. Cowa LLC now owns 3,290 shares of the specialty chemicals company’s stock valued at $312,000 after acquiring an additional 117 shares during the period. Finally, Naples Global Advisors LLC lifted its position in shares of LyondellBasell Industries by 1.4% during the third quarter. Naples Global Advisors LLC now owns 8,680 shares of the specialty chemicals company’s stock worth $822,000 after acquiring an additional 119 shares in the last quarter. 71.20% of the stock is owned by institutional investors.

Insider Activity at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan sold 18,111 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the completion of the transaction, the director now owns 12,276 shares of the company’s stock, valued at $1,233,246.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $100.47, for a total value of $711,729.48. Following the sale, the chief accounting officer now directly owns 27,575 shares of the company’s stock, valued at approximately $2,770,460.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robin W.T. Buchanan sold 18,111 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $100.46, for a total value of $1,819,431.06. Following the completion of the sale, the director now owns 12,276 shares in the company, valued at approximately $1,233,246.96. The disclosure for this sale can be found here. Insiders have sold 80,853 shares of company stock worth $8,077,267 over the last ninety days. 0.11% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on LYB shares. Barclays raised their target price on LyondellBasell Industries from $98.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. Citigroup increased their price objective on LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. Wolfe Research assumed coverage on LyondellBasell Industries in a research note on Friday, March 1st. They set an “underperform” rating for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $107.00 price target on shares of LyondellBasell Industries in a report on Monday, February 5th. Finally, Deutsche Bank Aktiengesellschaft lowered LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 price objective for the company. in a report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $103.82.

LyondellBasell Industries Trading Down 0.0 %

Shares of LyondellBasell Industries stock traded down $0.04 during midday trading on Tuesday, reaching $100.55. 1,093,910 shares of the company’s stock traded hands, compared to its average volume of 1,929,701. The stock has a 50 day moving average of $100.50 and a 200-day moving average of $96.29. LyondellBasell Industries has a 12 month low of $84.80 and a 12 month high of $106.69. The company has a market cap of $32.72 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 1.24 and a beta of 1.19. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.17 and a current ratio of 1.84.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, February 2nd. The specialty chemicals company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.07). The company had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.85 billion. LyondellBasell Industries had a return on equity of 21.89% and a net margin of 5.16%. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.29 earnings per share. As a group, equities analysts expect that LyondellBasell Industries will post 8.63 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, March 4th were given a dividend of $1.25 per share. The ex-dividend date was Friday, March 1st. This represents a $5.00 annualized dividend and a dividend yield of 4.97%. LyondellBasell Industries’s dividend payout ratio is presently 77.28%.

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.