Gallagher Fiduciary Advisors LLC Grows Holdings in LyondellBasell Industries (NYSE:LYB)

Gallagher Fiduciary Advisors LLC raised its position in LyondellBasell Industries (NYSE:LYB) by 60.8% during the fourth quarter, Holdings Channel reports. The firm owned 10,513 shares of the specialty chemicals company’s stock after buying an additional 3,977 shares during the quarter. Gallagher Fiduciary Advisors LLC’s holdings in LyondellBasell Industries were worth $781,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew 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. Fifth Third Wealth Advisors LLC grew its stake in shares of LyondellBasell Industries by 202.4% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 12,986 shares of the specialty chemicals company’s stock worth $964,000 after acquiring an additional 8,691 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in LyondellBasell Industries by 8.1% in the fourth quarter. Sound Income Strategies LLC now owns 271,626 shares of the specialty chemicals company’s stock valued at $20,174,000 after purchasing an additional 20,310 shares during the period. Merrion Investment Management Co LLC acquired a new stake in LyondellBasell Industries in the 4th quarter valued at about $503,000. Finally, Hennion & Walsh Asset Management Inc. increased its stake in shares of LyondellBasell Industries by 26.4% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 18,973 shares of the specialty chemicals company’s stock worth $1,409,000 after buying an additional 3,958 shares during the period. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other LyondellBasell Industries news, Director Michael Sean Hanley purchased 3,750 shares of LyondellBasell Industries stock in a transaction on Wednesday, March 12th. The shares were bought at an average price of $72.05 per share, with a total value of $270,187.50. Following the completion of the acquisition, the director now directly owns 16,028 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on LYB shares. BMO Capital Markets reduced their price objective on shares of LyondellBasell Industries from $71.00 to $65.00 and set a “market perform” rating on the stock in a report on Wednesday. Piper Sandler cut their target price on LyondellBasell Industries from $67.00 to $66.00 and set a “neutral” rating on the stock in a research report on Thursday. Wells Fargo & Company cut their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, April 4th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $60.00 price objective (down previously from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. Finally, Citigroup reduced their price objective on LyondellBasell Industries from $66.00 to $58.00 and set a “neutral” rating for the company in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $69.75.

LyondellBasell Industries Stock Up 0.2 %

LYB stock opened at $58.33 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 stock has a market capitalization of $18.83 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 0.97 and a beta of 0.89. LyondellBasell Industries has a one year low of $51.11 and a one year high of $107.02. The company has a fifty day moving average of $66.18 and a 200-day moving average of $74.97.

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

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a dividend of $1.34 per share. The ex-dividend date was Monday, March 10th. This represents a $5.36 annualized dividend and a yield of 9.19%. LyondellBasell Industries’s dividend payout ratio is presently 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.