Marco Investment Management LLC Raises Position in LyondellBasell Industries (NYSE:LYB)

Marco Investment Management LLC raised its stake in shares of LyondellBasell Industries (NYSE:LYB) by 0.1% during the fourth quarter, HoldingsChannel reports. The firm owned 202,180 shares of the specialty chemicals company’s stock after buying an additional 250 shares during the quarter. LyondellBasell Industries comprises 2.0% of Marco Investment Management LLC’s holdings, making the stock its 14th largest position. Marco Investment Management LLC’s holdings in LyondellBasell Industries were worth $19,223,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Czech National Bank raised its holdings in shares of LyondellBasell Industries by 49.0% in the third quarter. Czech National Bank now owns 44,763 shares of the specialty chemicals company’s stock worth $4,239,000 after buying an additional 14,712 shares during the period. Ballentine Partners LLC purchased a new stake in shares of LyondellBasell Industries in the third quarter worth approximately $228,000. Valeo Financial Advisors LLC raised its holdings in shares of LyondellBasell Industries by 6.8% in the third quarter. Valeo Financial Advisors LLC now owns 5,701 shares of the specialty chemicals company’s stock worth $540,000 after buying an additional 365 shares during the period. Golden State Equity Partners raised its holdings in shares of LyondellBasell Industries by 11.2% in the third quarter. Golden State Equity Partners now owns 5,877 shares of the specialty chemicals company’s stock worth $557,000 after buying an additional 594 shares during the period. Finally, My Legacy Advisors LLC raised its holdings in shares of LyondellBasell Industries by 7.0% in the third quarter. My Legacy Advisors LLC now owns 9,129 shares of the specialty chemicals company’s stock worth $847,000 after buying an additional 600 shares during the period. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LYB has been the topic of several recent analyst reports. Wolfe Research initiated coverage on LyondellBasell Industries in a report on Friday, March 1st. They issued an “underperform” rating on the stock. Deutsche Bank Aktiengesellschaft downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a report on Wednesday, January 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $107.00 price target on shares of LyondellBasell Industries in a report on Monday, February 5th. Citigroup raised their price objective on LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. Finally, Wells Fargo & Company raised their price objective on LyondellBasell Industries from $105.00 to $117.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $103.82.

LyondellBasell Industries Stock Up 2.5 %

NYSE LYB traded up $2.45 during midday trading on Friday, hitting $102.13. 2,651,865 shares of the company traded hands, compared to its average volume of 1,436,825. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.84 and a quick ratio of 1.17. The company has a market cap of $33.24 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 1.25 and a beta of 1.19. The company’s 50-day simple moving average is $100.87 and its 200-day simple moving average is $96.52. LyondellBasell Industries has a 52 week low of $84.80 and a 52 week high of $106.69.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.17. The business had revenue of $9.93 billion for the quarter, compared to analysts’ expectations of $9.70 billion. LyondellBasell Industries had a return on equity of 21.89% and a net margin of 5.16%. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.50 EPS. As a group, equities research analysts forecast that LyondellBasell Industries will post 8.69 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $5.00 annualized dividend and a yield of 4.90%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 77.28%.

Insider Buying and Selling at LyondellBasell Industries

In other news, EVP Kenneth Todd Lane sold 9,489 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $98.92, for a total value of $938,651.88. Following the completion of the sale, the executive vice president now owns 89,445 shares of the company’s stock, valued at approximately $8,847,899.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Kenneth Todd Lane sold 9,489 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $98.92, for a total value of $938,651.88. Following the completion of the sale, the executive vice president now owns 89,445 shares of the company’s stock, valued at approximately $8,847,899.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $100.47, for a total value of $711,729.48. Following the completion of the sale, the chief accounting officer now directly owns 27,575 shares of the company’s stock, valued at approximately $2,770,460.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,853 shares of company stock valued at $8,077,267. 0.11% of the stock is currently owned by corporate insiders.

LyondellBasell Industries Company 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.