My Legacy Advisors LLC Has $552,000 Stock Holdings in LyondellBasell Industries (NYSE:LYB)

My Legacy Advisors LLC reduced its stake in shares of LyondellBasell Industries (NYSE:LYB) by 5.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,259 shares of the specialty chemicals company’s stock after selling 443 shares during the period. My Legacy Advisors LLC’s holdings in LyondellBasell Industries were worth $552,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. J2 Capital Management Inc purchased a new position in LyondellBasell Industries in the fourth quarter valued at about $302,000. HB Wealth Management LLC grew its stake in shares of LyondellBasell Industries by 16.2% in the 4th quarter. HB Wealth Management LLC now owns 8,479 shares of the specialty chemicals company’s stock valued at $630,000 after buying an additional 1,183 shares in the last quarter. Verity & Verity LLC increased its holdings in LyondellBasell Industries by 74.4% in the fourth quarter. Verity & Verity LLC now owns 234,702 shares of the specialty chemicals company’s stock worth $17,431,000 after buying an additional 100,091 shares during the last quarter. Brooklyn Investment Group raised its position in LyondellBasell Industries by 86.0% during the fourth quarter. Brooklyn Investment Group now owns 1,166 shares of the specialty chemicals company’s stock valued at $86,000 after acquiring an additional 539 shares in the last quarter. Finally, Merit Financial Group LLC acquired a new stake in LyondellBasell Industries in the fourth quarter valued at approximately $534,000. 71.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LYB has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their price target on shares of LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. Mizuho lowered their target price on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. Royal Bank of Canada cut their target price on LyondellBasell Industries from $104.00 to $92.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft decreased their price target on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research note on Monday, November 4th. Finally, StockNews.com downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, LyondellBasell Industries presently has an average rating of “Hold” and a consensus target price of $94.33.

LyondellBasell Industries Stock Up 0.9 %

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

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

LyondellBasell Industries Announces Dividend

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

Insider Buying and Selling at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan acquired 5,000 shares of the company’s stock in a transaction on Friday, December 13th. The stock was purchased at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the purchase, the director now directly owns 18,175 shares of the company’s stock, valued at $1,382,390.50. The trade was a 37.95 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.11% of the company’s stock.

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.