24,040 Shares in LyondellBasell Industries (NYSE:LYB) Acquired by Family Management Corp

Family Management Corp acquired a new stake in shares of LyondellBasell Industries (NYSE:LYB - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 24,040 shares of the specialty chemicals company's stock, valued at approximately $1,785,000.

Several other institutional investors have also recently modified their holdings of the company. Webster Bank N. A. lifted its holdings in LyondellBasell Industries by 70.4% in the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock worth $26,000 after buying an additional 143 shares during the period. Cairn Investment Group Inc. raised its position in shares of LyondellBasell Industries by 0.4% in the 4th quarter. Cairn Investment Group Inc. now owns 42,147 shares of the specialty chemicals company's stock worth $3,130,000 after purchasing an additional 155 shares during the last quarter. Alliance Wealth Advisors LLC UT raised its position in shares of LyondellBasell Industries by 5.2% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 3,608 shares of the specialty chemicals company's stock worth $268,000 after purchasing an additional 177 shares during the last quarter. Y.D. More Investments Ltd raised its position in LyondellBasell Industries by 14.9% in the 4th quarter. Y.D. More Investments Ltd now owns 1,497 shares of the specialty chemicals company's stock worth $111,000 after buying an additional 194 shares during the last quarter. Finally, Caprock Group LLC raised its position in LyondellBasell Industries by 5.8% in the 4th quarter. Caprock Group LLC now owns 4,008 shares of the specialty chemicals company's stock worth $298,000 after buying an additional 220 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Stock Performance

NYSE:LYB traded down $0.16 during midday trading on Tuesday, hitting $60.52. The company's stock had a trading volume of 1,963,188 shares, compared to its average volume of 2,567,555. LyondellBasell Industries has a fifty-two week low of $51.11 and a fifty-two week high of $102.09. The firm's 50 day moving average is $63.60 and its 200-day moving average is $73.15. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. The firm has a market cap of $19.45 billion, a P/E ratio of 14.62, a P/E/G ratio of 0.97 and a beta of 0.87.

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 (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). The company had revenue of $7.68 billion for the quarter, compared to analysts' expectations of $7.69 billion. LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. The business's revenue for the quarter was down 7.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.53 earnings per share. Equities analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a $1.34 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a yield of 8.86%. LyondellBasell Industries's payout ratio is currently 165.43%.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, Director Michael Sean Hanley acquired 3,750 shares of the stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average price of $72.05 per share, with a total value of $270,187.50. Following the completion of the purchase, the director now owns 16,028 shares in the company, valued at $1,154,817.40. This trade represents a 30.54% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. The Goldman Sachs Group decreased their target price on LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating for the company in a research report on Monday, April 28th. Morgan Stanley reduced their price target on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Fermium Researc upgraded LyondellBasell Industries to a "strong-buy" rating in a research note on Friday, April 25th. StockNews.com downgraded LyondellBasell Industries from a "hold" rating to a "sell" rating in a research note on Monday, April 28th. Finally, BMO Capital Markets reduced their price target on shares of LyondellBasell Industries from $71.00 to $65.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 30th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company 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.