RMR Wealth Builders Raises Position in LyondellBasell Industries (NYSE:LYB)

RMR Wealth Builders boosted its position in shares of LyondellBasell Industries (NYSE:LYB) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,833 shares of the specialty chemicals company’s stock after buying an additional 174 shares during the period. RMR Wealth Builders’ holdings in LyondellBasell Industries were worth $650,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Valley National Advisers Inc. acquired a new position in LyondellBasell Industries in the 3rd quarter valued at $25,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of LyondellBasell Industries in the third quarter worth about $26,000. McIlrath & Eck LLC boosted its position in LyondellBasell Industries by 100.7% during the fourth quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock worth $27,000 after acquiring an additional 141 shares during the last quarter. Venturi Wealth Management LLC grew its stake in LyondellBasell Industries by 410.2% during the 4th quarter. Venturi Wealth Management LLC now owns 301 shares of the specialty chemicals company’s stock valued at $29,000 after acquiring an additional 242 shares in the last quarter. Finally, Webster Bank N. A. raised its holdings in LyondellBasell Industries by 7,050.0% in the 4th quarter. Webster Bank N. A. now owns 429 shares of the specialty chemicals company’s stock valued at $41,000 after acquiring an additional 423 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Trading Up 0.7 %

Shares of NYSE LYB traded up $0.73 during trading on Wednesday, reaching $102.18. The stock had a trading volume of 3,123,179 shares, compared to its average volume of 1,944,150. The business’s 50-day moving average price is $101.14 and its 200-day moving average price is $96.86. LyondellBasell Industries has a fifty-two week low of $84.80 and a fifty-two week high of $107.02. The company has a market cap of $33.27 billion, a P/E ratio of 15.79, a PEG ratio of 1.43 and a beta of 1.18. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.32 and a current ratio of 2.12.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.17. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The business had revenue of $9.93 billion for the quarter, compared to analysts’ expectations of $9.70 billion. During the same quarter in the prior year, the company earned $2.50 earnings per share. The business’s quarterly revenue was down 3.1% on a year-over-year basis. On average, equities research analysts predict that LyondellBasell Industries will post 8.5 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date of this dividend was Friday, March 1st. LyondellBasell Industries’s dividend payout ratio is currently 77.28%.

Insider Activity at LyondellBasell Industries

In other LyondellBasell Industries news, CFO Michael C. Mcmurray sold 16,940 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $100.84, for a total value of $1,708,229.60. Following the sale, the chief financial officer now owns 88,858 shares of the company’s stock, valued at approximately $8,960,440.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Robin W.T. Buchanan sold 18,111 shares of the stock in a transaction 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 transaction, the director now owns 12,276 shares of the company’s stock, valued at $1,233,246.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael C. Mcmurray sold 16,940 shares of LyondellBasell Industries stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $100.84, for a total value of $1,708,229.60. Following the sale, the chief financial officer now directly owns 88,858 shares of the company’s stock, valued at $8,960,440.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 80,853 shares of company stock worth $8,077,267. Company insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

LYB has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on LyondellBasell Industries from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. JPMorgan Chase & Co. lifted their price target on LyondellBasell Industries from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. Wolfe Research began coverage on shares of LyondellBasell Industries in a report on Friday, March 1st. They issued an “underperform” rating for the company. BMO Capital Markets lifted their target price on shares of LyondellBasell Industries from $99.00 to $105.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 30th. Finally, Citigroup increased their price target on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $105.08.

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.