Crews Bank & Trust Takes Position in LyondellBasell Industries (NYSE:LYB)

Crews Bank & Trust acquired a new position in shares of LyondellBasell Industries (NYSE:LYB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,150 shares of the specialty chemicals company’s stock, valued at approximately $85,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cairn Investment Group Inc. grew its holdings in shares of LyondellBasell Industries by 0.4% in the 4th quarter. Cairn Investment Group Inc. now owns 42,147 shares of the specialty chemicals company’s stock worth $3,130,000 after acquiring an additional 155 shares during the period. Busey Bank boosted its position in LyondellBasell Industries by 4.0% during the fourth quarter. Busey Bank now owns 66,850 shares of the specialty chemicals company’s stock worth $4,965,000 after purchasing an additional 2,593 shares in the last quarter. Merrion Investment Management Co LLC acquired a new stake in LyondellBasell Industries in the fourth quarter valued at $503,000. Forsta AP Fonden increased its position in shares of LyondellBasell Industries by 18.6% in the fourth quarter. Forsta AP Fonden now owns 159,600 shares of the specialty chemicals company’s stock valued at $11,853,000 after buying an additional 25,000 shares in the last quarter. Finally, Twelve Points Wealth Management LLC raised its stake in shares of LyondellBasell Industries by 70.7% during the 4th quarter. Twelve Points Wealth Management LLC now owns 35,265 shares of the specialty chemicals company’s stock worth $2,619,000 after buying an additional 14,605 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Price Performance

LYB opened at $75.53 on Friday. LyondellBasell Industries has a 1 year low of $72.21 and a 1 year high of $107.02. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13. The company’s 50 day simple moving average is $76.63 and its 200 day simple moving average is $87.41. The stock has a market capitalization of $24.53 billion, a PE ratio of 11.50, a P/E/G ratio of 5.26 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.53). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. During the same quarter last year, the business posted $1.26 earnings per share. As a group, sell-side analysts expect that LyondellBasell Industries will post 6.48 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were paid a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 annualized dividend and a yield of 7.10%. LyondellBasell Industries’s dividend payout ratio is presently 81.58%.

Insider Transactions at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan purchased 5,000 shares of LyondellBasell Industries stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average cost of $76.06 per share, with a total value of $380,300.00. Following the transaction, the director now owns 18,175 shares of the company’s stock, valued at approximately $1,382,390.50. The trade was a 37.95 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on LYB shares. Piper Sandler reissued a “neutral” rating and issued a $95.00 price objective (down from $112.00) on shares of LyondellBasell Industries in a research note on Tuesday, January 7th. The Goldman Sachs Group cut their price objective on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a research report on Thursday, December 12th. Wells Fargo & Company lowered their target price on LyondellBasell Industries from $105.00 to $95.00 and set an “overweight” rating on the stock in a report on Tuesday, December 10th. Mizuho cut their price target on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a report on Monday, December 9th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $94.33.

LyondellBasell Industries Profile

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.