Westbourne Investment Advisors Inc. Has $4.08 Million Holdings in LyondellBasell Industries (NYSE:LYB)

Westbourne Investment Advisors Inc. raised its position in LyondellBasell Industries (NYSE:LYB) by 9.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,900 shares of the specialty chemicals company’s stock after acquiring an additional 4,644 shares during the quarter. LyondellBasell Industries makes up about 1.4% of Westbourne Investment Advisors Inc.’s investment portfolio, making the stock its 27th largest holding. Westbourne Investment Advisors Inc.’s holdings in LyondellBasell Industries were worth $4,077,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Petredis Investment Advisors LLC lifted its stake in shares of LyondellBasell Industries by 0.5% during the 3rd quarter. Petredis Investment Advisors LLC now owns 23,100 shares of the specialty chemicals company’s stock worth $2,215,000 after buying an additional 116 shares during the last quarter. Castleview Partners LLC raised its stake in LyondellBasell Industries by 7.2% in the 3rd quarter. Castleview Partners LLC now owns 2,023 shares of the specialty chemicals company’s stock worth $194,000 after purchasing an additional 136 shares in the last quarter. Webster Bank N. A. raised its stake in LyondellBasell Industries by 70.4% in the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 143 shares in the last quarter. Oliver Luxxe Assets LLC raised its stake in LyondellBasell Industries by 0.7% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 22,184 shares of the specialty chemicals company’s stock worth $2,127,000 after purchasing an additional 146 shares in the last quarter. Finally, Cairn Investment Group Inc. raised its stake in 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 purchasing an additional 155 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on LYB shares. StockNews.com lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Royal Bank of Canada raised their target price on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday. Piper Sandler reaffirmed a “neutral” rating and set a $95.00 price target (down from $112.00) on shares of LyondellBasell Industries in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft decreased 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. Finally, Morgan Stanley decreased their price target on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $89.17.

LyondellBasell Industries Stock Down 1.5 %

Shares of NYSE LYB opened at $76.61 on Friday. The company has a market capitalization of $24.88 billion, a P/E ratio of 18.50, a price-to-earnings-growth ratio of 0.92 and a beta of 1.05. LyondellBasell Industries has a 52-week low of $72.21 and a 52-week high of $107.02. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. The company’s 50 day moving average price is $76.00 and its 200-day moving average price is $86.70.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.53). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. During the same quarter last year, the company posted $1.26 earnings per share. Equities analysts forecast that LyondellBasell Industries will post 6.68 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors 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 dividend yield of 7.00%. LyondellBasell Industries’s payout ratio is presently 129.47%.

Insider Activity at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan purchased 5,000 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was acquired at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the purchase, the director now owns 18,175 shares of the company’s stock, valued at $1,382,390.50. This trade represents a 37.95 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.11% of the stock is owned by corporate insiders.

LyondellBasell Industries Company 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.