Regents Gate Capital LLP Invests $2.13 Million in LyondellBasell Industries (NYSE:LYB)

Regents Gate Capital LLP bought a new stake in LyondellBasell Industries (NYSE:LYB) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 28,677 shares of the specialty chemicals company’s stock, valued at approximately $2,130,000.

Several other hedge funds also recently bought and sold shares of LYB. Soltis Investment Advisors LLC boosted its position in shares of LyondellBasell Industries by 106.8% during the 4th quarter. Soltis Investment Advisors LLC now owns 73,072 shares of the specialty chemicals company’s stock worth $5,427,000 after purchasing an additional 37,744 shares during the period. swisspartners Advisors Ltd lifted its stake in LyondellBasell Industries by 4.7% during the fourth quarter. swisspartners Advisors Ltd now owns 86,648 shares of the specialty chemicals company’s stock worth $6,435,000 after purchasing an additional 3,865 shares in the last quarter. Four Tree Island Advisory LLC purchased a new position in shares of LyondellBasell Industries during the fourth quarter worth $797,000. Savant Capital LLC grew its stake in shares of LyondellBasell Industries by 100.1% in the fourth quarter. Savant Capital LLC now owns 15,721 shares of the specialty chemicals company’s stock valued at $1,168,000 after buying an additional 7,866 shares in the last quarter. Finally, Stiles Financial Services Inc raised its holdings in shares of LyondellBasell Industries by 57.9% in the 4th quarter. Stiles Financial Services Inc now owns 8,175 shares of the specialty chemicals company’s stock valued at $607,000 after buying an additional 2,998 shares during the period. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Wall Street Analysts Forecast Growth

LYB has been the topic of a number of recent research reports. Mizuho cut their price target on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research note on Monday, December 9th. Royal Bank of Canada upped their target price on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 4th. UBS Group decreased their price target on shares of LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Wells Fargo & Company cut their price objective on LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $89.17.

Insiders Place Their Bets

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

LyondellBasell Industries Stock Performance

Shares of LyondellBasell Industries stock opened at $76.61 on Monday. 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 52 week low of $72.21 and a 52 week high of $107.02. The firm’s 50 day moving average is $75.86 and its two-hundred day moving average is $86.49. The firm has a market capitalization of $24.88 billion, a P/E ratio of 18.50, a P/E/G ratio of 0.92 and a beta of 1.05.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.53). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. During the same quarter last year, the business earned $1.26 EPS. Research analysts forecast that LyondellBasell Industries will post 6.68 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were paid a dividend of $1.34 per share. The ex-dividend date was Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a yield of 7.00%. LyondellBasell Industries’s dividend payout ratio is presently 129.47%.

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.