Cerity Partners LLC Boosts Position in LyondellBasell Industries (NYSE:LYB)

Cerity Partners LLC raised its stake in shares of LyondellBasell Industries (NYSE:LYB) by 390.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,917 shares of the specialty chemicals company’s stock after buying an additional 62,030 shares during the quarter. Cerity Partners LLC’s holdings in LyondellBasell Industries were worth $7,409,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Valley National Advisers Inc. purchased a new position in LyondellBasell Industries during the 3rd quarter valued at about $25,000. Compass Wealth Management LLC purchased a new position in LyondellBasell Industries during the 4th quarter valued at about $25,000. FSC Wealth Advisors LLC purchased a new position in LyondellBasell Industries during the 3rd quarter valued at about $26,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in LyondellBasell Industries during the 3rd quarter valued at about $26,000. Finally, Venturi Wealth Management LLC grew its holdings in LyondellBasell Industries by 410.2% during the 4th quarter. Venturi Wealth Management LLC now owns 301 shares of the specialty chemicals company’s stock valued at $29,000 after buying an additional 242 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Down 1.1 %

Shares of LYB opened at $100.46 on Tuesday. The firm has a market cap of $32.69 billion, a P/E ratio of 15.53, a P/E/G ratio of 1.25 and a beta of 1.19. The stock has a 50 day simple moving average of $100.02 and a two-hundred day simple moving average of $96.05. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.84 and a quick ratio of 1.17. LyondellBasell Industries has a 1 year low of $84.80 and a 1 year high of $106.69.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, February 2nd. The specialty chemicals company reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.07). LyondellBasell Industries had a net margin of 5.16% and a return on equity of 21.89%. The company had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.85 billion. During the same quarter in the previous year, the firm posted $1.29 EPS. The business’s revenue for the quarter was down 6.6% compared to the same quarter last year. On average, analysts forecast that LyondellBasell Industries will post 8.63 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were given a $1.25 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $5.00 annualized dividend and a yield of 4.98%. LyondellBasell Industries’s payout ratio is currently 77.28%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LYB. JPMorgan Chase & Co. boosted their price objective on LyondellBasell Industries from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. Wells Fargo & Company boosted their price objective on LyondellBasell Industries from $105.00 to $117.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Vertical Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. Barclays boosted their price objective on LyondellBasell Industries from $98.00 to $100.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. Finally, Citigroup boosted their price objective on LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $103.82.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the business’s stock in a transaction that occurred 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 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 accessible through the SEC website. In related news, CFO Michael C. Mcmurray sold 16,940 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $100.84, for a total transaction of $1,708,229.60. Following the completion of the transaction, the chief financial officer now owns 88,858 shares in the company, valued at $8,960,440.72. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $100.47, for a total value of $711,729.48. Following the transaction, the chief accounting officer now owns 27,575 shares of the company’s stock, valued at approximately $2,770,460.25. 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 currently owned by 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.