RBO & Co. LLC Has $2.21 Million Stake in LyondellBasell Industries (NYSE:LYB)

RBO & Co. LLC reduced its position in shares of LyondellBasell Industries (NYSE:LYB) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,718 shares of the specialty chemicals company’s stock after selling 528 shares during the quarter. RBO & Co. LLC’s holdings in LyondellBasell Industries were worth $2,207,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of LYB. Webster Bank N. A. boosted its position in LyondellBasell Industries by 70.4% during the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 143 shares during the period. Rosenberg Matthew Hamilton lifted its holdings in shares of LyondellBasell Industries by 268.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock valued at $30,000 after buying an additional 295 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of LyondellBasell Industries in the 4th quarter valued at approximately $37,000. Covestor Ltd increased its holdings in LyondellBasell Industries by 107.6% in the fourth quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company’s stock worth $41,000 after buying an additional 284 shares during the last quarter. Finally, Pinnacle Bancorp Inc. bought a new position in LyondellBasell Industries during the fourth quarter valued at approximately $59,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Insider Transactions at LyondellBasell Industries

In other news, Director Michael Sean Hanley bought 3,750 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $72.05 per share, for a total transaction of $270,187.50. Following the completion of the purchase, the director now owns 16,028 shares of the company’s stock, valued at approximately $1,154,817.40. The trade was a 30.54 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is currently owned by insiders.

Analysts Set New Price Targets

LYB has been the subject of several analyst reports. UBS Group reaffirmed a “sell” rating and issued a $51.00 price objective (down previously from $76.00) on shares of LyondellBasell Industries in a research note on Monday, April 7th. Fermium Researc raised LyondellBasell Industries to a “strong-buy” rating in a research report on Friday, April 25th. Royal Bank of Canada lowered their price objective on LyondellBasell Industries from $62.00 to $61.00 and set a “sector perform” rating on the stock in a report on Tuesday. StockNews.com lowered LyondellBasell Industries from a “hold” rating to a “sell” rating in a report on Monday. Finally, Barclays dropped their price target on shares of LyondellBasell Industries from $80.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 1st. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, LyondellBasell Industries presently has an average rating of “Hold” and a consensus target price of $74.00.

LyondellBasell Industries Stock Up 0.2 %

Shares of LYB stock opened at $58.81 on Wednesday. The stock has a market cap of $18.99 billion, a P/E ratio of 14.21, a price-to-earnings-growth ratio of 0.97 and a beta of 0.89. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. The stock has a fifty day moving average price of $66.94 and a 200 day moving average price of $75.33. LyondellBasell Industries has a one year low of $51.11 and a one year high of $107.02.

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 return on equity of 15.97% and a net margin of 3.39%. The business had revenue of $7.68 billion for the quarter, compared to the consensus estimate of $7.69 billion. During the same period in the previous year, the business posted $1.53 earnings per share. LyondellBasell Industries’s revenue was down 7.6% on a year-over-year basis. Analysts predict that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $1.34 dividend. The ex-dividend date was Monday, March 10th. This represents a $5.36 annualized dividend and a dividend yield of 9.11%. LyondellBasell Industries’s dividend payout ratio is currently 165.43%.

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.