Armstrong Fleming & Moore Inc Purchases New Shares in LyondellBasell Industries (NYSE:LYB)

Armstrong Fleming & Moore Inc purchased a new stake in LyondellBasell Industries (NYSE:LYB - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,827 shares of the specialty chemicals company's stock, valued at approximately $340,000.

Other institutional investors have also made changes to their positions in the company. Lazard Asset Management LLC raised its holdings in shares of LyondellBasell Industries by 84.9% in the fourth quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company's stock valued at $34,000 after buying an additional 214 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of LyondellBasell Industries in the fourth quarter valued at about $37,000. Covestor Ltd raised 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 valued at $41,000 after buying an additional 284 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of LyondellBasell Industries by 127.9% in the first quarter. Versant Capital Management Inc now owns 866 shares of the specialty chemicals company's stock valued at $61,000 after buying an additional 486 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of LyondellBasell Industries by 110.2% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,171 shares of the specialty chemicals company's stock valued at $82,000 after buying an additional 614 shares during the last quarter. 71.20% of the stock is owned by institutional investors.

Insider Activity at LyondellBasell Industries

In other news, Director Michael Sean Hanley purchased 3,750 shares of LyondellBasell Industries stock in a transaction on Wednesday, March 12th. The stock was purchased 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 in the company, valued at $1,154,817.40. The trade was a 30.54% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 0.14% of the stock is owned by insiders.

LyondellBasell Industries Stock Performance

Shares of LYB stock opened at $55.63 on Friday. 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 stock has a market cap of $17.88 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 0.97 and a beta of 0.82. The stock has a 50-day moving average of $57.94 and a 200-day moving average of $69.84. LyondellBasell Industries has a one year low of $51.11 and a one year high of $100.46.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued 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). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. The business had revenue of $7.68 billion during the quarter, compared to analyst estimates of $7.69 billion. During the same quarter in the prior year, the firm posted $1.53 earnings per share. LyondellBasell Industries's revenue for the quarter was down 7.6% compared to the same quarter last year. As a group, sell-side analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Monday, June 2nd will be given a $1.37 dividend. The ex-dividend date is Monday, June 2nd. This is a positive change from LyondellBasell Industries's previous quarterly dividend of $1.34. This represents a $5.48 annualized dividend and a dividend yield of 9.85%. LyondellBasell Industries's payout ratio is currently 169.14%.

Analyst Ratings Changes

A number of research firms recently issued reports on LYB. Wall Street Zen cut LyondellBasell Industries from a "hold" rating to a "sell" rating in a report on Monday, April 28th. UBS Group reissued a "sell" rating and set a $51.00 price objective (down from $76.00) on shares of LyondellBasell Industries in a report on Monday, April 7th. Citigroup dropped their price objective on LyondellBasell Industries from $66.00 to $58.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Barclays dropped their price objective on LyondellBasell Industries from $72.00 to $62.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. Finally, Piper Sandler dropped their price objective on LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Three analysts have rated the stock with a sell rating, ten have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target 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.

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