Sound Income Strategies LLC Raises Stock Position in LyondellBasell Industries (NYSE:LYB)

Sound Income Strategies LLC lifted its position in LyondellBasell Industries (NYSE:LYB – Get Rating) by 9.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 143,498 shares of the specialty chemicals company’s stock after buying an additional 12,836 shares during the period. LyondellBasell Industries makes up about 1.5% of Sound Income Strategies LLC’s portfolio, making the stock its 18th largest position. Sound Income Strategies LLC’s holdings in LyondellBasell Industries were worth $11,915,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Accurate Wealth Management LLC grew its position in LyondellBasell Industries by 8.9% during the 4th quarter. Accurate Wealth Management LLC now owns 4,803 shares of the specialty chemicals company’s stock worth $440,000 after purchasing an additional 392 shares during the last quarter. RB Capital Management LLC purchased a new stake in LyondellBasell Industries during the 4th quarter worth approximately $255,000. Kwmg LLC grew its position in LyondellBasell Industries by 4.3% during the 4th quarter. Kwmg LLC now owns 46,041 shares of the specialty chemicals company’s stock worth $3,823,000 after purchasing an additional 1,904 shares during the last quarter. CWA Asset Management Group LLC grew its position in LyondellBasell Industries by 28.3% during the 4th quarter. CWA Asset Management Group LLC now owns 4,022 shares of the specialty chemicals company’s stock worth $334,000 after purchasing an additional 886 shares during the last quarter. Finally, Brookstone Capital Management grew its position in LyondellBasell Industries by 2.1% during the 4th quarter. Brookstone Capital Management now owns 10,918 shares of the specialty chemicals company’s stock worth $984,000 after purchasing an additional 229 shares during the last quarter. Hedge funds and other institutional investors own 91.12% of the company’s stock.

LyondellBasell Industries Stock Performance

Shares of LYB traded down $0.36 during trading hours on Friday, hitting $84.68. The stock had a trading volume of 5,374,253 shares, compared to its average volume of 2,060,652. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.04 and a current ratio of 1.75. The firm has a 50-day moving average price of $94.41 and a 200 day moving average price of $85.92. LyondellBasell Industries has a fifty-two week low of $71.46 and a fifty-two week high of $117.22. The firm has a market capitalization of $27.60 billion, a price-to-earnings ratio of 7.18, a PEG ratio of 1.21 and a beta of 1.21.

LyondellBasell Industries (NYSE:LYB – Get Rating) last posted its earnings results on Friday, February 3rd. The specialty chemicals company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.20. The firm had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $10.73 billion. LyondellBasell Industries had a net margin of 7.71% and a return on equity of 32.96%. The business’s revenue was down 20.5% compared to the same quarter last year. During the same period in the previous year, the business posted $3.63 EPS. As a group, research analysts anticipate that LyondellBasell Industries will post 9.01 EPS for the current year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 13th. Shareholders of record on Monday, March 6th were given a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date of this dividend was Friday, March 3rd. LyondellBasell Industries’s dividend payout ratio is presently 40.34%.

Analyst Ratings Changes

LYB has been the topic of several research analyst reports. BMO Capital Markets boosted their target price on shares of LyondellBasell Industries from $99.00 to $102.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 8th. Mizuho lifted their price objective on shares of LyondellBasell Industries from $89.00 to $91.00 and gave the company a “neutral” rating in a research note on Monday, February 6th. KeyCorp decreased their price objective on shares of LyondellBasell Industries from $85.00 to $74.00 and set an “underweight” rating for the company in a research note on Thursday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of LyondellBasell Industries from $85.00 to $100.00 and gave the company a “hold” rating in a research note on Monday, February 6th. Finally, UBS Group lifted their price objective on shares of LyondellBasell Industries from $81.00 to $91.00 and gave the company a “neutral” rating in a research note on Wednesday, January 11th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $98.95.

Insiders Place Their Bets

In other LyondellBasell Industries news, EVP Jeffrey A. Kaplan sold 10,000 shares of the company’s stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $98.99, for a total transaction of $989,900.00. Following the completion of the transaction, the executive vice president now directly owns 47,600 shares in the company, valued at $4,711,924. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is currently owned by company insiders.

LyondellBasell Industries Profile

(Get Rating)

LyondellBasell Industries NV engages in the refinery and production of plastic resins and other chemicals. It operates through the following segments: Olefins and Polyolefins-Americas; Olefins and Polyolefins-Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.