Stablepoint Partners LLC Boosts Holdings in LyondellBasell Industries (NYSE:LYB)

Stablepoint Partners LLC boosted its position in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 21.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,111 shares of the specialty chemicals company's stock after buying an additional 11,185 shares during the quarter. Stablepoint Partners LLC's holdings in LyondellBasell Industries were worth $4,513,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in LYB. JPMorgan Chase & Co. boosted its stake in shares of LyondellBasell Industries by 3.7% during the third quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company's stock valued at $501,501,000 after purchasing an additional 187,150 shares during the period. Blue Trust Inc. boosted its stake in shares of LyondellBasell Industries by 42.6% during the fourth quarter. Blue Trust Inc. now owns 2,007 shares of the specialty chemicals company's stock valued at $149,000 after purchasing an additional 600 shares during the period. Caprock Group LLC boosted its stake in shares of LyondellBasell Industries by 5.8% during the fourth quarter. Caprock Group LLC now owns 4,008 shares of the specialty chemicals company's stock valued at $298,000 after purchasing an additional 220 shares during the period. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of LyondellBasell Industries during the fourth quarter valued at $468,000. Finally, Yousif Capital Management LLC boosted its stake in shares of LyondellBasell Industries by 4.4% during the fourth quarter. Yousif Capital Management LLC now owns 48,786 shares of the specialty chemicals company's stock valued at $3,623,000 after purchasing an additional 2,068 shares during the period. 71.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at LyondellBasell Industries

In related news, Director Michael Sean Hanley acquired 3,750 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average cost 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 position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.14% of the stock is currently owned by insiders.

LyondellBasell Industries Stock Performance

Shares of LyondellBasell Industries stock opened at $55.63 on Friday. The company has a market capitalization of $17.88 billion, a PE ratio of 13.44, a P/E/G ratio of 0.97 and a beta of 0.82. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. The company has a 50-day simple moving average of $57.94 and a two-hundred day simple 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 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 analyst estimates 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 was down 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.53 EPS. Research analysts expect that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Increases Dividend

The business 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. 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%. The ex-dividend date is Monday, June 2nd. LyondellBasell Industries's dividend payout ratio (DPR) is presently 169.14%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group lowered their target price on shares of LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating for the company in a research note on Monday, April 28th. Wall Street Zen lowered shares of LyondellBasell Industries from a "hold" rating to a "sell" rating in a research note on Monday, April 28th. Piper Sandler lowered their price objective on shares of LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Royal Bank of Canada lowered their price objective on shares of LyondellBasell Industries from $62.00 to $61.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 29th. Finally, Fermium Researc raised shares of LyondellBasell Industries to a "strong-buy" rating in a research note on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus 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.

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