International Assets Investment Management LLC Invests $14 Million in LyondellBasell Industries (NYSE:LYB)

International Assets Investment Management LLC purchased a new position in shares of LyondellBasell Industries (NYSE:LYB) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 147,242 shares of the specialty chemicals company’s stock, valued at approximately $14,000,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Blair William & Co. IL grew its holdings in shares of LyondellBasell Industries by 1.0% during the first quarter. Blair William & Co. IL now owns 10,812 shares of the specialty chemicals company’s stock worth $1,112,000 after purchasing an additional 107 shares during the last quarter. Mutual Advisors LLC grew its holdings in shares of LyondellBasell Industries by 0.8% during the third quarter. Mutual Advisors LLC now owns 14,386 shares of the specialty chemicals company’s stock worth $1,362,000 after purchasing an additional 111 shares during the last quarter. Paragon Capital Management Ltd grew its holdings in shares of LyondellBasell Industries by 4.6% during the third quarter. Paragon Capital Management Ltd now owns 2,575 shares of the specialty chemicals company’s stock worth $244,000 after purchasing an additional 113 shares during the last quarter. Covestor Ltd lifted its stake in shares of LyondellBasell Industries by 33.9% in the first quarter. Covestor Ltd now owns 446 shares of the specialty chemicals company’s stock worth $46,000 after acquiring an additional 113 shares during the period. Finally, Bell & Brown Wealth Advisors LLC lifted its stake in shares of LyondellBasell Industries by 1.0% in the second quarter. Bell & Brown Wealth Advisors LLC now owns 11,133 shares of the specialty chemicals company’s stock worth $1,022,000 after acquiring an additional 115 shares during the period. 71.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on LYB shares. Deutsche Bank Aktiengesellschaft lowered LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 price objective on the stock. in a research note on Wednesday, January 10th. Wolfe Research started coverage on LyondellBasell Industries in a research note on Friday, March 1st. They issued an “underperform” rating on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $107.00 price objective on shares of LyondellBasell Industries in a research note on Monday, February 5th. Vertical Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. Finally, Wells Fargo & Company lifted their price objective on LyondellBasell Industries from $105.00 to $117.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, LyondellBasell Industries currently has an average rating of “Hold” and an average price target of $102.67.

LyondellBasell Industries Price Performance

Shares of NYSE:LYB opened at $102.91 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.84 and a debt-to-equity ratio of 0.80. LyondellBasell Industries has a twelve month low of $84.80 and a twelve month high of $106.69. The stock’s 50 day moving average is $99.70 and its 200-day moving average is $95.95. The firm has a market capitalization of $33.40 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 1.26 and a beta of 1.19.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, February 2nd. The specialty chemicals company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.07). LyondellBasell Industries had a return on equity of 21.89% and a net margin of 5.16%. The company had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $9.85 billion. During the same quarter last year, the company posted $1.29 EPS. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. Sell-side analysts forecast that LyondellBasell Industries will post 8.81 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, March 4th were issued a dividend of $1.25 per share. The ex-dividend date was Friday, March 1st. This represents a $5.00 annualized dividend and a yield of 4.86%. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 77.28%.

Insider Buying and Selling

In related news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $100.47, for a total transaction of $711,729.48. Following the completion of the sale, the chief accounting officer now owns 27,575 shares in the company, valued at $2,770,460.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other LyondellBasell Industries news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $100.47, for a total value of $711,729.48. Following the completion of the transaction, the chief accounting officer now owns 27,575 shares in the company, valued at approximately $2,770,460.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kenneth Todd Lane sold 29,229 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $99.19, for a total value of $2,899,224.51. Following the completion of the transaction, the executive vice president now owns 91,758 shares of the company’s stock, valued at approximately $9,101,476.02. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 80,853 shares of company stock worth $8,077,267. 0.12% of the stock is owned by corporate insiders.

About LyondellBasell Industries

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.