NewSquare Capital LLC Has $5.19 Million Holdings in LyondellBasell Industries (NYSE:LYB)

NewSquare Capital LLC trimmed its position in shares of LyondellBasell Industries (NYSE:LYB) by 0.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 70,793 shares of the specialty chemicals company’s stock after selling 178 shares during the period. NewSquare Capital LLC’s holdings in LyondellBasell Industries were worth $5,188,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of LYB. Abbot Financial Management Inc. raised its holdings in LyondellBasell Industries by 11.3% during the fourth quarter. Abbot Financial Management Inc. now owns 7,855 shares of the specialty chemicals company’s stock worth $583,000 after buying an additional 800 shares during the last quarter. SWS Partners raised its holdings in shares of LyondellBasell Industries by 17.9% in the 4th quarter. SWS Partners now owns 27,049 shares of the specialty chemicals company’s stock worth $2,009,000 after acquiring an additional 4,110 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in LyondellBasell Industries by 7.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,582,119 shares of the specialty chemicals company’s stock valued at $637,394,000 after acquiring an additional 558,137 shares in the last quarter. State of Michigan Retirement System boosted its stake in LyondellBasell Industries by 1.8% during the 4th quarter. State of Michigan Retirement System now owns 78,165 shares of the specialty chemicals company’s stock valued at $5,805,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Bedel Financial Consulting Inc. increased its holdings in LyondellBasell Industries by 82.3% during the 4th quarter. Bedel Financial Consulting Inc. now owns 4,925 shares of the specialty chemicals company’s stock worth $379,000 after purchasing an additional 2,224 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LYB. StockNews.com lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Piper Sandler cut their price objective on shares of LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. The Goldman Sachs Group lowered their target price on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a report on Thursday, December 12th. Barclays cut their price target on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Finally, Wells Fargo & Company reduced their price objective on shares of LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $88.25.

LyondellBasell Industries Stock Up 0.1 %

LyondellBasell Industries stock opened at $73.51 on Wednesday. The firm has a 50 day moving average price of $75.90 and a 200-day moving average price of $84.02. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. LyondellBasell Industries has a twelve month low of $72.21 and a twelve month high of $107.02. The company has a market capitalization of $23.87 billion, a P/E ratio of 17.76, a P/E/G ratio of 0.97 and a beta of 1.05.

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 in the prior year, the business earned $1.26 EPS. As a group, equities analysts predict that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a dividend of $1.34 per share. The ex-dividend date is Monday, March 10th. This represents a $5.36 annualized dividend and a dividend yield of 7.29%. LyondellBasell Industries’s payout ratio is 129.47%.

Insider Buying and Selling

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

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.