J2 Capital Management Inc Takes Position in LyondellBasell Industries (NYSE:LYB)

J2 Capital Management Inc bought a new position in LyondellBasell Industries (NYSE:LYB) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 4,065 shares of the specialty chemicals company’s stock, valued at approximately $302,000.

Several other large investors have also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. raised its holdings in LyondellBasell Industries by 211.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,283,163 shares of the specialty chemicals company’s stock valued at $123,055,000 after buying an additional 871,708 shares during the last quarter. Pacer Advisors Inc. increased its position in LyondellBasell Industries by 13.6% in the 2nd quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company’s stock valued at $461,930,000 after acquiring an additional 579,300 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of LyondellBasell Industries by 4.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,023,982 shares of the specialty chemicals company’s stock valued at $769,500,000 after acquiring an additional 362,671 shares during the last quarter. Ensign Peak Advisors Inc lifted its holdings in shares of LyondellBasell Industries by 80.7% during the second quarter. Ensign Peak Advisors Inc now owns 779,040 shares of the specialty chemicals company’s stock worth $74,523,000 after purchasing an additional 347,877 shares during the period. Finally, Franklin Resources Inc. grew its stake in shares of LyondellBasell Industries by 11.4% in the third quarter. Franklin Resources Inc. now owns 2,875,267 shares of the specialty chemicals company’s stock worth $268,664,000 after purchasing an additional 293,622 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other LyondellBasell Industries news, Director Robin W.T. Buchanan bought 5,000 shares of LyondellBasell Industries stock in a transaction dated Friday, December 13th. The stock was bought 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 directly owns 18,175 shares in the company, valued at approximately $1,382,390.50. The trade was a 37.95 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

LYB has been the topic of several recent research reports. Wells Fargo & Company cut their target price on LyondellBasell Industries from $105.00 to $95.00 and set an “overweight” rating on the stock in a report on Tuesday, December 10th. Mizuho reduced their target price on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. JPMorgan Chase & Co. decreased their target price on shares of LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. StockNews.com lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, Morgan Stanley lowered their target price on shares of LyondellBasell Industries from $110.00 to $90.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $94.33.

LyondellBasell Industries Price Performance

Shares of NYSE:LYB opened at $77.35 on Friday. The stock’s 50 day moving average is $77.63 and its 200-day moving average is $88.46. LyondellBasell Industries has a twelve month low of $72.21 and a twelve month high of $107.02. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $25.12 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 1.74 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The business had revenue of $10.33 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the prior year, the business earned $2.46 earnings per share. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. Sell-side analysts forecast that LyondellBasell Industries will post 6.8 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were given a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 annualized dividend and a dividend yield of 6.93%. LyondellBasell Industries’s payout ratio is 81.58%.

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.