Kovitz Investment Group Partners LLC Invests $251,000 in LyondellBasell Industries (NYSE:LYB)

Kovitz Investment Group Partners LLC bought a new stake in LyondellBasell Industries (NYSE:LYB) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,385 shares of the specialty chemicals company’s stock, valued at approximately $251,000.

Several other institutional investors also recently bought and sold shares of LYB. Barclays PLC grew its stake in LyondellBasell Industries by 7.3% during the 3rd quarter. Barclays PLC now owns 948,211 shares of the specialty chemicals company’s stock worth $90,933,000 after buying an additional 64,359 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of LyondellBasell Industries during the third quarter valued at about $658,000. Tidal Investments LLC raised its position in shares of LyondellBasell Industries by 45.1% in the 3rd quarter. Tidal Investments LLC now owns 33,308 shares of the specialty chemicals company’s stock valued at $3,194,000 after purchasing an additional 10,359 shares during the last quarter. Franklin Resources Inc. boosted its stake in LyondellBasell Industries by 11.4% in the 3rd quarter. Franklin Resources Inc. now owns 2,875,267 shares of the specialty chemicals company’s stock worth $268,664,000 after purchasing an additional 293,622 shares in the last quarter. Finally, Retirement Systems of Alabama grew its position in LyondellBasell Industries by 0.5% during the 3rd quarter. Retirement Systems of Alabama now owns 57,021 shares of the specialty chemicals company’s stock worth $5,468,000 after purchasing an additional 277 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at LyondellBasell Industries

In related news, Director Michael Sean Hanley bought 3,750 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of $72.05 per share, with a total value of $270,187.50. Following the purchase, the director now directly owns 16,028 shares of the company’s stock, valued at $1,154,817.40. The trade was a 30.54 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $60.00 price target (down previously from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. Wells Fargo & Company lowered their price target on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, April 4th. Barclays reduced their price objective on LyondellBasell Industries from $72.00 to $62.00 and set an “equal weight” rating for the company in a research note on Thursday. Fermium Researc upgraded LyondellBasell Industries to a “strong-buy” rating in a research report on Friday, April 25th. Finally, Royal Bank of Canada reduced their price target on shares of LyondellBasell Industries from $62.00 to $61.00 and set a “sector perform” rating for the company in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $69.75.

LyondellBasell Industries Stock Up 0.1 %

LyondellBasell Industries stock opened at $58.34 on Friday. 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 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. The business has a 50 day simple moving average of $65.79 and a 200-day simple moving average of $74.74. LyondellBasell Industries has a 12 month low of $51.11 and a 12 month high of $107.02.

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

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 9.19%. The ex-dividend date was Monday, March 10th. LyondellBasell Industries’s dividend payout ratio is presently 165.43%.

LyondellBasell Industries Profile

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.