Daiwa Securities Group Inc. Boosts Stake in LyondellBasell Industries (NYSE:LYB)

Daiwa Securities Group Inc. lifted its holdings in LyondellBasell Industries (NYSE:LYB) by 6.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,272 shares of the specialty chemicals company’s stock after buying an additional 1,321 shares during the period. Daiwa Securities Group Inc.’s holdings in LyondellBasell Industries were worth $2,213,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. CWM LLC raised its stake in LyondellBasell Industries by 8.9% during the third quarter. CWM LLC now owns 4,338 shares of the specialty chemicals company’s stock worth $411,000 after purchasing an additional 354 shares during the period. Global Retirement Partners LLC raised its stake in LyondellBasell Industries by 21.1% during the third quarter. Global Retirement Partners LLC now owns 1,454 shares of the specialty chemicals company’s stock worth $136,000 after purchasing an additional 253 shares during the period. HB Wealth Management LLC raised its stake in LyondellBasell Industries by 59.8% during the third quarter. HB Wealth Management LLC now owns 5,137 shares of the specialty chemicals company’s stock worth $486,000 after purchasing an additional 1,923 shares during the period. Naples Global Advisors LLC raised its stake in LyondellBasell Industries by 1.4% during the third quarter. Naples Global Advisors LLC now owns 8,680 shares of the specialty chemicals company’s stock worth $822,000 after purchasing an additional 119 shares during the period. Finally, Capital Investment Advisors LLC raised its stake in LyondellBasell Industries by 48.7% during the third quarter. Capital Investment Advisors LLC now owns 39,800 shares of the specialty chemicals company’s stock worth $3,769,000 after purchasing an additional 13,036 shares during the period. 71.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan sold 18,111 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $100.46, for a total value of $1,819,431.06. Following the completion of the sale, the director now owns 12,276 shares in the company, valued at approximately $1,233,246.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Kenneth Todd Lane sold 9,489 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $98.92, for a total value of $938,651.88. Following the completion of the sale, the executive vice president now owns 89,445 shares in the company, valued at approximately $8,847,899.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robin W.T. Buchanan sold 18,111 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the completion of the sale, the director now owns 12,276 shares of the company’s stock, valued at approximately $1,233,246.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 80,853 shares of company stock worth $8,077,267. Company insiders own 0.11% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on LYB shares. Barclays boosted their price target on shares of LyondellBasell Industries from $98.00 to $100.00 and gave the company an “equal weight” rating in a research note on Thursday, April 4th. Wolfe Research began coverage on shares of LyondellBasell Industries in a report on Friday, March 1st. They set an “underperform” rating for the company. Royal Bank of Canada reiterated an “outperform” rating and set a $107.00 price target on shares of LyondellBasell Industries in a report on Monday, February 5th. Vertical Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. Finally, JPMorgan Chase & Co. increased their target price on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $103.82.

LyondellBasell Industries Stock Down 0.1 %

Shares of NYSE:LYB opened at $100.59 on Tuesday. The stock has a market cap of $32.74 billion, a P/E ratio of 15.55, a P/E/G ratio of 1.24 and a beta of 1.19. The firm has a fifty day moving average price of $100.50 and a 200 day moving average price of $96.29. 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 issued its quarterly earnings results on Friday, February 2nd. The specialty chemicals company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.07). The business had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.85 billion. LyondellBasell Industries had a return on equity of 21.89% and a net margin of 5.16%. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.29 EPS. Sell-side analysts predict that LyondellBasell Industries will post 8.63 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, March 4th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date of this dividend was Friday, March 1st. LyondellBasell Industries’s dividend payout ratio is currently 77.28%.

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.