Confluence Wealth Services Inc. Buys 633 Shares of LyondellBasell Industries (NYSE:LYB)

Confluence Wealth Services Inc. grew its stake in shares of LyondellBasell Industries (NYSE:LYB) by 8.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,779 shares of the specialty chemicals company’s stock after buying an additional 633 shares during the period. Confluence Wealth Services Inc.’s holdings in LyondellBasell Industries were worth $796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of LYB. Capital World Investors bought a new stake in shares of LyondellBasell Industries during the fourth quarter valued at approximately $197,305,000. Pacer Advisors Inc. raised its position in shares of LyondellBasell Industries by 35.5% during the fourth quarter. Pacer Advisors Inc. now owns 3,571,985 shares of the specialty chemicals company’s stock valued at $339,624,000 after buying an additional 935,430 shares during the last quarter. Norges Bank bought a new stake in shares of LyondellBasell Industries during the fourth quarter valued at approximately $82,854,000. Invesco Ltd. increased its position in LyondellBasell Industries by 24.9% in the third quarter. Invesco Ltd. now owns 4,085,474 shares of the specialty chemicals company’s stock worth $386,894,000 after purchasing an additional 815,083 shares during the last quarter. Finally, FMR LLC increased its position in LyondellBasell Industries by 10.3% in the third quarter. FMR LLC now owns 8,408,551 shares of the specialty chemicals company’s stock worth $796,290,000 after purchasing an additional 787,221 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan sold 18,111 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the transaction, the director now directly owns 12,276 shares in the company, valued at approximately $1,233,246.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other LyondellBasell Industries news, CFO Michael C. Mcmurray sold 16,940 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $100.84, for a total transaction of $1,708,229.60. Following the transaction, the chief financial officer now directly owns 88,858 shares in the company, valued at approximately $8,960,440.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robin W.T. Buchanan sold 18,111 shares of the stock in a transaction dated 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 transaction, the director now owns 12,276 shares in the company, valued at $1,233,246.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 80,853 shares of company stock worth $8,077,267. Insiders own 0.11% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on LYB. Citigroup boosted their price target on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. boosted their price target on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, March 22nd. Wolfe Research began coverage on shares of LyondellBasell Industries in a research report on Friday, March 1st. They issued an “underperform” rating on the stock. BMO Capital Markets boosted their price target on shares of LyondellBasell Industries from $99.00 to $105.00 and gave the stock a “market perform” rating in a research report on Tuesday. Finally, Barclays boosted their price objective on shares of LyondellBasell Industries from $98.00 to $100.00 and gave the company an “equal weight” rating in a research report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, LyondellBasell Industries presently has a consensus rating of “Hold” and a consensus target price of $104.75.

LyondellBasell Industries Trading Down 1.7 %

Shares of NYSE LYB traded down $1.73 during mid-day trading on Tuesday, reaching $99.97. The company had a trading volume of 2,316,160 shares, compared to its average volume of 1,933,599. The business’s 50-day moving average is $101.02 and its 200-day moving average is $96.63. The company has a current ratio of 2.12, a quick ratio of 1.32 and a debt-to-equity ratio of 0.85. The stock has a market cap of $32.53 billion, a price-to-earnings ratio of 15.45, a price-to-earnings-growth ratio of 1.25 and a beta of 1.19. LyondellBasell Industries has a 52 week low of $84.80 and a 52 week high of $106.69.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.17. The firm had revenue of $9.93 billion for the quarter, compared to analysts’ expectations of $9.70 billion. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.50 earnings per share. Equities analysts expect that LyondellBasell Industries will post 8.69 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date of this dividend was Friday, March 1st. LyondellBasell Industries’s 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.