Opinicus Capital Inc. Purchases Shares of 2,589 LyondellBasell Industries (NYSE:LYB)

Opinicus Capital Inc. purchased a new stake in LyondellBasell Industries (NYSE:LYB) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,589 shares of the specialty chemicals company’s stock, valued at approximately $246,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LYB. Valley National Advisers Inc. bought a new stake in shares of LyondellBasell Industries during the third quarter worth $25,000. FSC Wealth Advisors LLC acquired a new position in LyondellBasell Industries during the third quarter worth $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in LyondellBasell Industries during the third quarter worth $26,000. Venturi Wealth Management LLC boosted its holdings in LyondellBasell Industries by 410.2% during the fourth quarter. Venturi Wealth Management LLC now owns 301 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 242 shares during the last quarter. Finally, Webster Bank N. A. boosted its holdings in LyondellBasell Industries by 7,050.0% during the fourth quarter. Webster Bank N. A. now owns 429 shares of the specialty chemicals company’s stock worth $41,000 after purchasing an additional 423 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LYB has been the topic of a number of recent research reports. Barclays raised their price target on shares of LyondellBasell Industries from $98.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. Vertical Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, January 3rd. Royal Bank of Canada reissued an “outperform” rating and issued a $107.00 target price on shares of LyondellBasell Industries in a report on Monday, February 5th. Citigroup raised their target price on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a report on Wednesday, April 10th. Finally, Wolfe Research began coverage on shares of LyondellBasell Industries in a report on Friday, March 1st. They issued an “underperform” rating on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, LyondellBasell Industries presently has an average rating of “Hold” and an average target price of $103.82.

LyondellBasell Industries Price Performance

Shares of LYB traded up $2.45 during mid-day trading on Friday, reaching $102.13. The company had a trading volume of 2,651,865 shares, compared to its average volume of 1,436,825. The company’s 50 day simple moving average is $100.87 and its 200 day simple moving average is $96.50. LyondellBasell Industries has a 1-year low of $84.80 and a 1-year high of $106.69. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.17 and a current ratio of 1.84. The company has a market capitalization of $33.24 billion, a price-to-earnings ratio of 15.79, a P/E/G ratio of 1.25 and a beta of 1.19.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.17. LyondellBasell Industries had a net margin of 5.16% and a return on equity of 21.89%. The company had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $9.70 billion. During the same period last year, the company posted $2.50 EPS. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. Analysts expect that LyondellBasell Industries will post 8.69 EPS for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors 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 is presently 77.28%.

Insider Buying and Selling

In other news, Director Robin W.T. Buchanan sold 18,111 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $100.46, for a total value of $1,819,431.06. Following the transaction, the director now owns 12,276 shares in the company, valued at approximately $1,233,246.96. The sale was disclosed in a 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 company’s stock in a transaction on Monday, February 26th. The shares were 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 in the company, valued at approximately $8,847,899.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robin W.T. Buchanan sold 18,111 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the completion of the sale, the director now owns 12,276 shares of the company’s stock, valued at approximately $1,233,246.96. The disclosure for this sale can be found here. Insiders have sold a total of 80,853 shares of company stock worth $8,077,267 in the last ninety days. Company insiders own 0.11% of the company’s stock.

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.