Cary Street Partners Financial LLC Takes $959,000 Position in LyondellBasell Industries (NYSE:LYB)

Cary Street Partners Financial LLC acquired a new stake in LyondellBasell Industries (NYSE:LYB - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 12,913 shares of the specialty chemicals company's stock, valued at approximately $959,000.

A number of other hedge funds have also added to or reduced their stakes in LYB. Webster Bank N. A. boosted its holdings in shares of LyondellBasell Industries by 70.4% in the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock valued at $26,000 after purchasing an additional 143 shares in the last quarter. Rosenberg Matthew Hamilton grew its position in LyondellBasell Industries by 268.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company's stock valued at $30,000 after acquiring an additional 295 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in LyondellBasell Industries during the fourth quarter worth about $37,000. Covestor Ltd lifted its holdings in shares of LyondellBasell Industries by 107.6% in the fourth quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company's stock worth $41,000 after acquiring an additional 284 shares during the last quarter. Finally, Pinnacle Bancorp Inc. acquired a new stake in shares of LyondellBasell Industries in the 4th quarter valued at approximately $59,000. 71.20% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Michael Sean Hanley acquired 3,750 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were bought at an average price of $72.05 per share, with a total value of $270,187.50. Following the transaction, the director now directly owns 16,028 shares of the company's stock, valued at $1,154,817.40. This trade represents a 30.54 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.14% of the company's stock.

LyondellBasell Industries Trading Down 0.4 %

Shares of LYB traded down $0.24 during trading hours on Friday, hitting $56.98. 3,748,554 shares of the stock were exchanged, compared to its average volume of 2,562,576. LyondellBasell Industries has a fifty-two week low of $51.11 and a fifty-two week high of $102.09. The business has a 50-day moving average of $63.92 and a 200-day moving average of $73.55. The firm has a market capitalization of $18.31 billion, a P/E ratio of 13.76, a price-to-earnings-growth ratio of 0.97 and a beta of 0.87. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. The business had revenue of $7.68 billion during the quarter, compared to the consensus estimate of $7.69 billion. During the same period last year, the business posted $1.53 earnings per share. The business's revenue was down 7.6% on a year-over-year basis. On average, research analysts expect that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 9.41%. The ex-dividend date of this dividend was Monday, March 10th. LyondellBasell Industries's dividend payout ratio (DPR) is presently 165.43%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LYB. Citigroup lowered their price objective on shares of LyondellBasell Industries from $66.00 to $58.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Morgan Stanley dropped their price target on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. UBS Group restated a "sell" rating and set a $51.00 price objective (down previously from $76.00) on shares of LyondellBasell Industries in a research report on Monday, April 7th. Piper Sandler dropped their target price on LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Finally, Wells Fargo & Company reduced their price target on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Friday, April 4th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $69.75.

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.