Mutual Advisors LLC Has $1.43 Million Position in LyondellBasell Industries (NYSE:LYB)

Mutual Advisors LLC lifted its stake in shares of LyondellBasell Industries (NYSE:LYB) by 30.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,595 shares of the specialty chemicals company’s stock after acquiring an additional 4,389 shares during the period. Mutual Advisors LLC’s holdings in LyondellBasell Industries were worth $1,425,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Viking Fund Management LLC lifted its position in shares of LyondellBasell Industries by 2,766.7% during the 4th quarter. Viking Fund Management LLC now owns 43,000 shares of the specialty chemicals company’s stock valued at $3,194,000 after acquiring an additional 41,500 shares during the period. XML Financial LLC lifted its position in shares of LyondellBasell Industries by 50.7% during the 4th quarter. XML Financial LLC now owns 5,303 shares of the specialty chemicals company’s stock valued at $394,000 after acquiring an additional 1,783 shares during the period. Royal Fund Management LLC lifted its position in shares of LyondellBasell Industries by 42.0% during the 4th quarter. Royal Fund Management LLC now owns 17,400 shares of the specialty chemicals company’s stock valued at $1,292,000 after acquiring an additional 5,150 shares during the period. Diversify Wealth Management LLC lifted its position in shares of LyondellBasell Industries by 10.5% during the 4th quarter. Diversify Wealth Management LLC now owns 2,933 shares of the specialty chemicals company’s stock valued at $213,000 after acquiring an additional 278 shares during the period. Finally, J2 Capital Management Inc acquired a new position in shares of LyondellBasell Industries during the 4th quarter valued at $302,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Stock Performance

Shares of LYB stock opened at $77.45 on Friday. The firm has a 50-day moving average of $77.13 and a 200-day moving average of $87.98. The company has a market cap of $25.15 billion, a P/E ratio of 11.79, a P/E/G ratio of 5.07 and a beta of 1.06. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25. LyondellBasell Industries has a one year low of $72.21 and a one year high of $107.02.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.10). The company had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. LyondellBasell Industries’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.46 EPS. Equities research analysts forecast that LyondellBasell Industries will post 6.48 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently declared 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 yield of 6.92%. LyondellBasell Industries’s payout ratio is currently 81.58%.

Analyst Ratings Changes

Several research analysts have weighed in on LYB shares. Royal Bank of Canada lowered their price objective on shares of 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 lowered their price objective on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a report on Monday, November 4th. JPMorgan Chase & Co. lowered their price objective on shares of LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. Wells Fargo & Company lowered their price objective on shares of LyondellBasell Industries from $105.00 to $95.00 and set an “overweight” rating on the stock in a report on Tuesday, December 10th. Finally, Barclays lowered their price objective on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $94.33.

Insider Activity at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan purchased 5,000 shares of LyondellBasell Industries stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the transaction, the director now owns 18,175 shares in the company, valued at $1,382,390.50. This represents a 37.95 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.11% of the stock is owned by company insiders.

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.