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

RBO & Co. LLC reduced its stake in LyondellBasell Industries (NYSE:LYB) by 1.7% during the 4th quarter, Holdings Channel reports. The firm owned 29,718 shares of the specialty chemicals company’s stock after selling 528 shares during the period. RBO & Co. LLC’s holdings in LyondellBasell Industries were worth $2,207,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Webster Bank N. A. raised its stake in LyondellBasell Industries by 70.4% during the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 143 shares during the last quarter. Cairn Investment Group Inc. raised its stake in LyondellBasell Industries by 0.4% during the 4th quarter. Cairn Investment Group Inc. now owns 42,147 shares of the specialty chemicals company’s stock worth $3,130,000 after buying an additional 155 shares during the period. Alliance Wealth Advisors LLC UT boosted its holdings in LyondellBasell Industries by 5.2% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 3,608 shares of the specialty chemicals company’s stock worth $268,000 after acquiring an additional 177 shares in the last quarter. Y.D. More Investments Ltd grew its stake in LyondellBasell Industries by 14.9% in the fourth quarter. Y.D. More Investments Ltd now owns 1,497 shares of the specialty chemicals company’s stock valued at $111,000 after acquiring an additional 194 shares during the period. Finally, Caprock Group LLC increased its holdings in shares of LyondellBasell Industries by 5.8% during the fourth quarter. Caprock Group LLC now owns 4,008 shares of the specialty chemicals company’s stock valued at $298,000 after acquiring an additional 220 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Insider Activity at LyondellBasell Industries

In other LyondellBasell Industries news, Director Michael Sean Hanley purchased 3,750 shares of LyondellBasell Industries stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average price of $72.05 per share, for a total transaction of $270,187.50. Following the acquisition, the director now directly owns 16,028 shares in the company, 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 at this link. 0.14% of the stock is currently owned by company insiders.

LyondellBasell Industries Price Performance

Shares of LyondellBasell Industries stock opened at $58.81 on Wednesday. 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 $18.99 billion, a price-to-earnings ratio of 14.21, a price-to-earnings-growth ratio of 0.97 and a beta of 0.89. The company has a fifty day moving average of $66.94 and a 200-day moving average of $75.33. LyondellBasell Industries has a 52-week low of $51.11 and a 52-week 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 the consensus estimate of $0.36 by ($0.03). The company 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 firm’s quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.53 EPS. Equities research analysts expect that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. UBS Group reaffirmed a “sell” rating and issued a $51.00 price target (down previously from $76.00) on shares of LyondellBasell Industries in a research report on Monday, April 7th. Royal Bank of Canada decreased their price objective on shares of LyondellBasell Industries from $62.00 to $61.00 and set a “sector perform” rating for the company in a report on Tuesday. Morgan Stanley dropped their price target on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. StockNews.com downgraded shares of LyondellBasell Industries from a “hold” rating to a “sell” rating in a report on Monday. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $60.00 price target (down from $80.00) on shares of LyondellBasell Industries in a research report on Friday, April 4th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, LyondellBasell Industries presently has a consensus rating of “Hold” and an average price target of $74.00.

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.