Advocate Group LLC Grows Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Advocate Group LLC grew its holdings in LyondellBasell Industries (NYSE:LYB) by 9.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,973 shares of the specialty chemicals company’s stock after acquiring an additional 4,475 shares during the period. Advocate Group LLC’s holdings in LyondellBasell Industries were worth $4,009,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. CVA Family Office LLC boosted its holdings in shares of LyondellBasell Industries by 155.9% in the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock valued at $25,000 after acquiring an additional 159 shares during the last quarter. Matrix Trust Co purchased a new stake in LyondellBasell Industries during the third quarter worth $30,000. Rosenberg Matthew Hamilton boosted its holdings in LyondellBasell Industries by 268.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock worth $30,000 after buying an additional 295 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in LyondellBasell Industries during the third quarter worth $31,000. Finally, Fortitude Family Office LLC boosted its holdings in LyondellBasell Industries by 162.0% during the third quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company’s stock worth $45,000 after buying an additional 290 shares in the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Up 0.1 %

LYB stock opened at $77.45 on Friday. The company has a fifty day moving average price of $77.02 and a 200 day moving average price of $87.86. LyondellBasell Industries has a 12 month low of $72.21 and a 12 month high of $107.02. The company has a market cap of $25.15 billion, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of 5.07 and a beta of 1.06. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.10). The business had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.46 EPS. Sell-side analysts expect that LyondellBasell Industries will post 6.48 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were given a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a yield of 6.92%. LyondellBasell Industries’s payout ratio is currently 81.58%.

Insiders Place Their Bets

In related news, Director Robin W.T. Buchanan purchased 5,000 shares of the stock in a transaction dated Friday, December 13th. The shares were acquired at an average cost of $76.06 per share, with a total value of $380,300.00. Following the purchase, the director now directly owns 18,175 shares in the company, valued at $1,382,390.50. This trade represents a 37.95 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.11% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on LYB shares. Deutsche Bank Aktiengesellschaft lowered their price target on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a report on Monday, November 4th. Royal Bank of Canada decreased their price objective on shares of LyondellBasell Industries from $104.00 to $92.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Piper Sandler reaffirmed a “neutral” rating and set a $95.00 price objective (down from $112.00) on shares of LyondellBasell Industries in a report on Tuesday, January 7th. StockNews.com downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Wells Fargo & Company reduced their target price on shares of LyondellBasell Industries from $105.00 to $95.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $94.33.

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.