MGO One Seven LLC Has $394,000 Stock Position in LyondellBasell Industries (NYSE:LYB)

MGO One Seven LLC raised its stake in LyondellBasell Industries (NYSE:LYB) by 27.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,306 shares of the specialty chemicals company’s stock after acquiring an additional 1,132 shares during the quarter. MGO One Seven LLC’s holdings in LyondellBasell Industries were worth $394,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Dodge & Cox increased its position in LyondellBasell Industries by 5.3% in the 4th quarter. Dodge & Cox now owns 16,965,832 shares of the specialty chemicals company’s stock valued at $1,260,052,000 after acquiring an additional 851,365 shares in the last quarter. Charles Schwab Investment Management Inc. increased 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. Geode Capital Management LLC increased its position in LyondellBasell Industries by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 6,804,205 shares of the specialty chemicals company’s stock valued at $512,913,000 after acquiring an additional 199,054 shares in the last quarter. Invesco Ltd. increased its position in LyondellBasell Industries by 13.5% in the 4th quarter. Invesco Ltd. now owns 5,826,318 shares of the specialty chemicals company’s stock valued at $432,721,000 after acquiring an additional 694,055 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in LyondellBasell Industries by 3.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company’s stock valued at $501,501,000 after acquiring an additional 187,150 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analysts Set New Price Targets

LYB has been the subject of several research reports. JPMorgan Chase & Co. restated a “neutral” rating and issued a $60.00 price objective (down previously from $80.00) on shares of LyondellBasell Industries in a research report on Friday, April 4th. StockNews.com lowered shares of LyondellBasell Industries from a “hold” rating to a “sell” rating in a research note on Monday. The Goldman Sachs Group reduced their target price on shares of LyondellBasell Industries from $81.00 to $65.00 and set a “sell” rating on the stock in a research note on Monday. Morgan Stanley reduced their target price on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Finally, Citigroup reduced their target price on shares of LyondellBasell Industries from $75.00 to $66.00 and set a “neutral” rating on the stock in a research note on Friday, April 4th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, LyondellBasell Industries currently has a consensus rating of “Hold” and a consensus target price of $74.75.

LyondellBasell Industries Price Performance

LYB opened at $58.69 on Tuesday. 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 12 month low of $51.11 and a 12 month high of $107.02. The company has a fifty day simple moving average of $67.31 and a 200 day simple moving average of $75.44. The stock has a market cap of $18.95 billion, a P/E ratio of 14.18, a P/E/G ratio of 0.97 and a beta of 0.89.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, April 25th. The specialty chemicals company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. The firm had revenue of $7.68 billion during the quarter, compared to the consensus estimate of $7.69 billion. During the same quarter in the prior year, the company earned $1.53 EPS. LyondellBasell Industries’s quarterly revenue was down 7.6% on a year-over-year basis. On average, research analysts expect that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 9.13%. The ex-dividend date was Monday, March 10th. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 129.47%.

Insiders Place Their Bets

In other news, Director Michael Sean Hanley bought 3,750 shares of the stock in a transaction on Wednesday, March 12th. The stock was purchased at an average price of $72.05 per share, for a total transaction of $270,187.50. Following the acquisition, the director now owns 16,028 shares in the company, valued at approximately $1,154,817.40. This trade represents a 30.54 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.14% of the company’s stock.

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.