Gallo Partners LP Makes New $1.52 Million Investment in LyondellBasell Industries (NYSE:LYB)

Gallo Partners LP bought a new position in shares of LyondellBasell Industries (NYSE:LYB - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,410 shares of the specialty chemicals company's stock, valued at approximately $1,516,000.

Several other hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in LyondellBasell Industries by 3.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company's stock worth $501,501,000 after acquiring an additional 187,150 shares during the period. Fifth Third Wealth Advisors LLC grew its holdings in shares of LyondellBasell Industries by 202.4% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 12,986 shares of the specialty chemicals company's stock worth $964,000 after purchasing an additional 8,691 shares in the last quarter. Sound Income Strategies LLC increased its position in shares of LyondellBasell Industries by 8.1% in the fourth quarter. Sound Income Strategies LLC now owns 271,626 shares of the specialty chemicals company's stock worth $20,174,000 after purchasing an additional 20,310 shares during the period. Merrion Investment Management Co LLC bought a new stake in LyondellBasell Industries during the fourth quarter worth about $503,000. Finally, Hennion & Walsh Asset Management Inc. grew its stake in LyondellBasell Industries by 26.4% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 18,973 shares of the specialty chemicals company's stock worth $1,409,000 after buying an additional 3,958 shares in the last quarter. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Trading Down 2.7 %

Shares of LYB stock traded down $1.59 during trading hours on Monday, hitting $56.79. 1,281,124 shares of the company were exchanged, compared to its average volume of 2,534,912. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. LyondellBasell Industries has a fifty-two week low of $51.11 and a fifty-two week high of $107.02. The company has a 50 day simple moving average of $65.79 and a two-hundred day simple moving average of $74.50. The firm has a market cap of $18.25 billion, a P/E ratio of 13.72, 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 results 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). The company had revenue of $7.68 billion during the quarter, compared to the consensus estimate of $7.69 billion. LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. The company's revenue for the quarter was down 7.6% on a year-over-year basis. During the same period last year, the firm posted $1.53 earnings per share. Equities analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid 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 9.44%. LyondellBasell Industries's dividend payout ratio (DPR) is presently 165.43%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on LYB shares. Wells Fargo & Company reduced their price target on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Friday, April 4th. The Goldman Sachs Group reduced their price objective on LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating on the stock in a research note on Monday, April 28th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $60.00 target price (down previously from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. StockNews.com lowered shares of LyondellBasell Industries from a "hold" rating to a "sell" rating in a research report on Monday, April 28th. Finally, UBS Group reissued a "sell" rating and set a $51.00 price objective (down previously from $76.00) on shares of LyondellBasell Industries in a report on Monday, April 7th. Three 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. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $69.75.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, Director Michael Sean Hanley purchased 3,750 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of $72.05 per share, with a total value of $270,187.50. Following the transaction, the director now owns 16,028 shares in the company, valued at $1,154,817.40. The trade was a 30.54 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is owned by insiders.

LyondellBasell Industries 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.