Quent Capital LLC Has $42,000 Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Quent Capital LLC lessened its position in shares of LyondellBasell Industries (NYSE:LYB) by 26.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 569 shares of the specialty chemicals company’s stock after selling 203 shares during the quarter. Quent Capital LLC’s holdings in LyondellBasell Industries were worth $42,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. MADDEN SECURITIES Corp acquired a new position in shares of LyondellBasell Industries during the fourth quarter valued at $2,522,000. International Private Wealth Advisors LLC lifted its stake in LyondellBasell Industries by 8.8% in the fourth quarter. International Private Wealth Advisors LLC now owns 3,189 shares of the specialty chemicals company’s stock valued at $237,000 after buying an additional 259 shares during the period. Bristlecone Advisors LLC acquired a new position in LyondellBasell Industries in the fourth quarter valued at about $416,000. Regents Gate Capital LLP acquired a new position in LyondellBasell Industries in the fourth quarter valued at about $2,130,000. Finally, Soltis Investment Advisors LLC lifted its stake in LyondellBasell Industries by 106.8% in the fourth quarter. Soltis Investment Advisors LLC now owns 73,072 shares of the specialty chemicals company’s stock valued at $5,427,000 after buying an additional 37,744 shares during the period. Institutional investors and hedge funds own 71.20% of the company’s stock.

Insider Buying and Selling

In other news, Director Robin W.T. Buchanan acquired 5,000 shares of LyondellBasell Industries stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the transaction, the director now directly 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

LYB has been the topic of several analyst reports. Piper Sandler cut their target price on LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating on the stock in a research note on Thursday. Barclays cut their target price on LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft cut their target price 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. Mizuho cut their target price on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research note on Monday, December 9th. Finally, Morgan Stanley dropped their price target on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, LyondellBasell Industries currently has an average rating of “Hold” and an average price target of $88.25.

LyondellBasell Industries Stock Up 0.5 %

NYSE:LYB opened at $76.27 on Friday. 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 has a market cap of $24.77 billion, a PE ratio of 18.42, a PEG 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 stock has a 50-day simple moving average of $75.61 and a 200 day simple moving average of $86.06.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.53). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. During the same period last year, the firm earned $1.26 earnings per share. On average, sell-side analysts expect that LyondellBasell Industries will post 6.68 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed 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 was Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a yield of 7.03%. LyondellBasell Industries’s dividend payout ratio is currently 129.47%.

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.