LyondellBasell Industries (NYSE:LYB) Shares Bought by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust boosted its stake in shares of LyondellBasell Industries (NYSE:LYB) by 57.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 509 shares of the specialty chemicals company’s stock after purchasing an additional 186 shares during the quarter. Parkside Financial Bank & Trust’s holdings in LyondellBasell Industries were worth $48,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LYB. Pacer Advisors Inc. grew its position in LyondellBasell Industries by 35.5% during the 4th quarter. Pacer Advisors Inc. now owns 3,571,985 shares of the specialty chemicals company’s stock worth $339,624,000 after purchasing an additional 935,430 shares during the period. Invesco Ltd. grew its position in LyondellBasell Industries by 24.9% during the 3rd quarter. Invesco Ltd. now owns 4,085,474 shares of the specialty chemicals company’s stock worth $386,894,000 after purchasing an additional 815,083 shares during the period. FMR LLC grew its position in LyondellBasell Industries by 10.3% during the 3rd quarter. FMR LLC now owns 8,408,551 shares of the specialty chemicals company’s stock worth $796,290,000 after purchasing an additional 787,221 shares during the period. ANTIPODES PARTNERS Ltd acquired a new stake in LyondellBasell Industries during the 3rd quarter worth about $67,160,000. Finally, Bank of Nova Scotia grew its position in LyondellBasell Industries by 3,162.5% during the 3rd quarter. Bank of Nova Scotia now owns 614,259 shares of the specialty chemicals company’s stock worth $58,170,000 after purchasing an additional 595,431 shares during the period. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Trading Up 2.5 %

LYB stock opened at $102.17 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.17 and a debt-to-equity ratio of 0.80. LyondellBasell Industries has a 12-month low of $84.80 and a 12-month high of $106.69. The stock has a market cap of $33.25 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 1.22 and a beta of 1.19. The business’s 50-day moving average is $100.87 and its 200 day moving average is $96.48.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.17. 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 analysts’ expectations of $9.70 billion. During the same period in the previous year, the firm posted $2.50 EPS. LyondellBasell Industries’s revenue was down 3.1% compared to the same quarter last year. On average, sell-side analysts anticipate that LyondellBasell Industries will post 8.69 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, March 4th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 4.89%. The ex-dividend date was Friday, March 1st. LyondellBasell Industries’s payout ratio is 77.28%.

Insiders Place Their Bets

In other LyondellBasell Industries news, CFO Michael C. Mcmurray sold 16,940 shares of the firm’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 transaction, the chief financial officer now directly owns 88,858 shares of the company’s stock, valued at approximately $8,960,440.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other LyondellBasell Industries news, CFO Michael C. Mcmurray sold 16,940 shares of the firm’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 transaction, the chief financial officer now directly owns 88,858 shares of the company’s stock, valued at approximately $8,960,440.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kenneth Todd Lane sold 29,229 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $99.19, for a total transaction of $2,899,224.51. Following the completion of the transaction, the executive vice president now directly owns 91,758 shares in the company, valued at $9,101,476.02. The disclosure for this sale can be found here. Insiders have sold 80,853 shares of company stock valued at $8,077,267 in the last ninety days. 0.11% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LYB. JPMorgan Chase & Co. increased their price target on LyondellBasell Industries from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, March 22nd. Citigroup raised their target price on LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. Royal Bank of Canada restated an “outperform” rating and set a $107.00 target price on shares of LyondellBasell Industries in a research report on Monday, February 5th. Deutsche Bank Aktiengesellschaft cut LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 target price on the stock. in a research report on Wednesday, January 10th. Finally, Vertical Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $103.82.

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.