Royal Fund Management LLC Has $1.29 Million Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Royal Fund Management LLC grew its stake in LyondellBasell Industries (NYSE:LYB) by 42.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,400 shares of the specialty chemicals company’s stock after purchasing an additional 5,150 shares during the quarter. Royal Fund Management LLC’s holdings in LyondellBasell Industries were worth $1,292,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Diversify Wealth Management LLC raised its position in shares of LyondellBasell Industries by 10.5% in the fourth quarter. Diversify Wealth Management LLC now owns 2,933 shares of the specialty chemicals company’s stock valued at $213,000 after buying an additional 278 shares in the last quarter. J2 Capital Management Inc acquired a new position in LyondellBasell Industries during the fourth quarter valued at approximately $302,000. HB Wealth Management LLC boosted its holdings 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 purchasing an additional 1,183 shares in the last quarter. Verity & Verity LLC increased its stake in shares of LyondellBasell Industries by 74.4% in the 4th quarter. Verity & Verity LLC now owns 234,702 shares of the specialty chemicals company’s stock valued at $17,431,000 after purchasing an additional 100,091 shares during the last quarter. Finally, Brooklyn Investment Group increased its stake in shares of LyondellBasell Industries by 86.0% in the 4th quarter. Brooklyn Investment Group now owns 1,166 shares of the specialty chemicals company’s stock valued at $86,000 after purchasing an additional 539 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on LYB. Barclays dropped their target price on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft dropped 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. Royal Bank of Canada reduced their price target on LyondellBasell Industries from $104.00 to $92.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. JPMorgan Chase & Co. dropped their price target on shares of LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Finally, Morgan Stanley cut their target price on LyondellBasell Industries from $110.00 to $90.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Two investment 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 company presently has an average rating of “Hold” and a consensus target price of $94.33.

Insider Buying and Selling

In related news, Director Robin W.T. Buchanan bought 5,000 shares of the company’s stock in a transaction on Friday, December 13th. The stock was acquired at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the transaction, the director now directly owns 18,175 shares in the company, valued at $1,382,390.50. This trade represents a 37.95 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.11% of the stock is owned by company insiders.

LyondellBasell Industries Trading Up 0.9 %

Shares of LyondellBasell Industries stock opened at $77.35 on Tuesday. The firm has a market cap of $25.12 billion, a PE ratio of 11.77, a P/E/G ratio of 5.09 and a beta of 1.06. The stock has a fifty day moving average price of $77.63 and a 200-day moving average price of $88.37. 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 1 year low of $72.21 and a 1 year high of $107.02.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (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 net margin of 5.29% and a return on equity of 17.05%. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.46 earnings per share. Equities research analysts anticipate that LyondellBasell Industries will post 6.48 EPS for the current year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were issued a $1.34 dividend. The ex-dividend date was Monday, December 2nd. This represents a $5.36 annualized dividend and a dividend yield of 6.93%. LyondellBasell Industries’s payout ratio is currently 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.