LyondellBasell Industries (NYSE:LYB) Stock Holdings Lifted by NEOS Investment Management LLC

NEOS Investment Management LLC lifted its position in LyondellBasell Industries (NYSE:LYBFree Report) by 44.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,269 shares of the specialty chemicals company’s stock after acquiring an additional 1,011 shares during the period. NEOS Investment Management LLC’s holdings in LyondellBasell Industries were worth $311,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Mutual Advisors LLC increased its position in shares of LyondellBasell Industries by 0.8% in the third quarter. Mutual Advisors LLC now owns 14,386 shares of the specialty chemicals company’s stock worth $1,362,000 after acquiring an additional 111 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of LyondellBasell Industries by 1.2% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 9,567 shares of the specialty chemicals company’s stock worth $910,000 after purchasing an additional 114 shares during the period. Metis Global Partners LLC boosted its holdings in shares of LyondellBasell Industries by 0.9% during the fourth quarter. Metis Global Partners LLC now owns 13,264 shares of the specialty chemicals company’s stock worth $1,261,000 after purchasing an additional 115 shares during the period. Czech National Bank boosted its holdings in shares of LyondellBasell Industries by 0.3% during the fourth quarter. Czech National Bank now owns 44,879 shares of the specialty chemicals company’s stock worth $4,267,000 after purchasing an additional 116 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of LyondellBasell Industries by 11.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,228 shares of the specialty chemicals company’s stock worth $117,000 after purchasing an additional 125 shares during the period. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Trading Up 0.7 %

NYSE LYB opened at $95.07 on Thursday. The company has a market cap of $30.96 billion, a PE ratio of 14.69, a PEG ratio of 1.17 and a beta of 1.13. The company has a current ratio of 2.12, a quick ratio of 1.32 and a debt-to-equity ratio of 0.85. LyondellBasell Industries has a 12 month low of $86.64 and a 12 month high of $107.02. The stock has a 50 day moving average of $100.51 and a 200-day moving average of $97.80.

LyondellBasell Industries (NYSE:LYBGet Free Report) last announced its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.17. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The business had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.70 billion. During the same quarter last year, the firm posted $2.50 EPS. The company’s quarterly revenue was down 3.1% on a year-over-year basis. On average, equities research analysts anticipate that LyondellBasell Industries will post 8.5 EPS for the current fiscal year.

LyondellBasell Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, June 3rd will be given a dividend of $1.34 per share. This is a boost from LyondellBasell Industries’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $5.36 annualized dividend and a yield of 5.64%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 82.84%.

Insider Buying and Selling

In other LyondellBasell Industries news, CFO Michael C. Mcmurray sold 16,940 shares of LyondellBasell Industries stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $100.84, for a total value of $1,708,229.60. Following the transaction, the chief financial officer now owns 88,858 shares in the company, valued at $8,960,440.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Robin W.T. Buchanan sold 18,111 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $100.46, for a total value of $1,819,431.06. Following the sale, the director now directly owns 12,276 shares in the company, valued at $1,233,246.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael C. Mcmurray sold 16,940 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $100.84, for a total value of $1,708,229.60. Following the completion of the sale, the chief financial officer now owns 88,858 shares in the company, valued at $8,960,440.72. The disclosure for this sale can be found here. 0.11% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on LYB shares. Wells Fargo & Company raised their price target on shares of LyondellBasell Industries from $105.00 to $117.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Citigroup lifted their target price on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Barclays lifted their target price on shares of LyondellBasell Industries from $100.00 to $104.00 and gave the company an “equal weight” rating in a research note on Monday, May 6th. Mizuho lifted their target price on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. Finally, Royal Bank of Canada lifted their target price on shares of LyondellBasell Industries from $107.00 to $113.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, LyondellBasell Industries currently has an average rating of “Hold” and an average target price of $105.08.

View Our Latest Analysis on LYB

LyondellBasell Industries Company Profile

(Free Report)

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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Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

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