Coombe Bender & Co LLC Raises Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Coombe Bender & Co LLC raised its position in shares of LyondellBasell Industries (NYSE:LYB) by 6.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,316 shares of the specialty chemicals company’s stock after buying an additional 1,406 shares during the period. LyondellBasell Industries comprises about 1.4% of Coombe Bender & Co LLC’s investment portfolio, making the stock its 22nd biggest holding. Coombe Bender & Co LLC’s holdings in LyondellBasell Industries were worth $2,312,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Valley National Advisers Inc. bought a new position in shares of LyondellBasell Industries during the third quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of LyondellBasell Industries in the 3rd quarter worth about $26,000. McIlrath & Eck LLC increased its position in shares of LyondellBasell Industries by 100.7% during the fourth quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock valued at $27,000 after buying an additional 141 shares during the period. Venturi Wealth Management LLC raised its stake in LyondellBasell Industries by 410.2% in the fourth quarter. Venturi Wealth Management LLC now owns 301 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 242 shares in the last quarter. Finally, Webster Bank N. A. boosted its position in LyondellBasell Industries by 7,050.0% during the 4th quarter. Webster Bank N. A. now owns 429 shares of the specialty chemicals company’s stock valued at $41,000 after acquiring an additional 423 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $100.47, for a total transaction 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 $2,770,460.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Kenneth Todd Lane sold 9,489 shares of the stock in a transaction that occurred 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 directly 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 is available at this hyperlink. Also, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $100.47, for a total transaction of $711,729.48. Following the completion of the transaction, the chief accounting officer now owns 27,575 shares of the company’s stock, valued at $2,770,460.25. The disclosure for this sale can be found here. Insiders have sold 80,853 shares of company stock worth $8,077,267 in the last quarter. Company insiders own 0.11% of the company’s stock.

LyondellBasell Industries Stock Performance

LYB traded down $0.86 during midday trading on Thursday, hitting $98.66. 528,283 shares of the company traded hands, compared to its average volume of 1,917,500. The company’s 50-day moving average is $101.07 and its 200 day moving average is $96.65. LyondellBasell Industries has a 52 week low of $84.80 and a 52 week high of $106.69. The firm has a market capitalization of $32.13 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of 1.26 and a beta of 1.18. The company has a quick ratio of 1.32, a current ratio of 2.12 and a debt-to-equity ratio of 0.85.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.17. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The business had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.70 billion. During the same quarter in the previous year, the firm posted $2.50 EPS. The firm’s revenue was down 3.1% on a year-over-year basis. On average, research analysts expect that LyondellBasell Industries will post 8.49 EPS for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 5.07%. The ex-dividend date was Friday, March 1st. LyondellBasell Industries’s payout ratio is currently 77.28%.

Analysts Set New Price Targets

LYB has been the subject of several research reports. Deutsche Bank Aktiengesellschaft increased their target price on LyondellBasell Industries from $100.00 to $105.00 and gave the stock a “hold” rating in a research report on Tuesday. Vertical Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. BMO Capital Markets increased their price target on shares of LyondellBasell Industries from $99.00 to $105.00 and gave the stock a “market perform” rating in a research note on Tuesday. Barclays upped their price objective on shares of LyondellBasell Industries from $98.00 to $100.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. Finally, Citigroup lifted 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $104.75.

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.