Gallacher Capital Management LLC Buys Shares of 4,550 LyondellBasell Industries (NYSE:LYB)

Gallacher Capital Management LLC purchased a new stake in shares of LyondellBasell Industries (NYSE:LYB) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,550 shares of the specialty chemicals company’s stock, valued at approximately $433,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Valley National Advisers Inc. purchased a new position in LyondellBasell Industries in the third quarter valued at $25,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in LyondellBasell Industries during the third quarter worth $26,000. McIlrath & Eck LLC grew its stake in shares of LyondellBasell Industries by 100.7% in 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 in the last quarter. Venturi Wealth Management LLC increased its stake 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 period. Finally, Webster Bank N. A. lifted its holdings 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 worth $41,000 after buying an additional 423 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on LYB shares. Wells Fargo & Company raised their target price on shares of LyondellBasell Industries from $105.00 to $117.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Barclays boosted their price objective on shares of LyondellBasell Industries from $98.00 to $100.00 and gave the company an “equal weight” rating in a research note on Thursday, April 4th. Wolfe Research started coverage on LyondellBasell Industries in a report on Friday, March 1st. They issued an “underperform” rating for the company. JPMorgan Chase & Co. boosted their price objective on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. Finally, Royal Bank of Canada increased their price objective on shares of LyondellBasell Industries from $107.00 to $113.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $104.75.

Insider Activity

In other news, EVP Kenneth Todd Lane sold 29,229 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $99.19, for a total transaction of $2,899,224.51. Following the sale, the executive vice president now owns 91,758 shares in the company, valued at $9,101,476.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of LyondellBasell Industries stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $100.47, for a total value of $711,729.48. Following the sale, the chief accounting officer now directly owns 27,575 shares in the company, valued at $2,770,460.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kenneth Todd Lane sold 29,229 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $99.19, for a total value of $2,899,224.51. Following the sale, the executive vice president now owns 91,758 shares in the company, valued at approximately $9,101,476.02. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 80,853 shares of company stock worth $8,077,267. Company insiders own 0.11% of the company’s stock.

LyondellBasell Industries Stock Up 0.3 %

Shares of NYSE:LYB traded up $0.34 during trading on Friday, reaching $99.12. 1,506,977 shares of the company traded hands, compared to its average volume of 1,611,830. 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 has a 1-year low of $84.80 and a 1-year high of $106.69. The firm has a fifty day simple moving average of $101.07 and a 200 day simple moving average of $96.74. The firm has a market cap of $32.28 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 1.43 and a beta of 1.18.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data 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. The business had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $9.70 billion. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The firm’s revenue was down 3.1% compared to the same quarter last year. During the same period last year, the business earned $2.50 EPS. Analysts anticipate that LyondellBasell Industries will post 8.5 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date of this dividend was Friday, March 1st. LyondellBasell Industries’s payout ratio is 77.28%.

LyondellBasell Industries 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.