Four Tree Island Advisory LLC Acquires New Shares in LyondellBasell Industries (NYSE:LYB)

Four Tree Island Advisory LLC bought a new position in shares of LyondellBasell Industries (NYSE:LYB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,737 shares of the specialty chemicals company’s stock, valued at approximately $797,000. LyondellBasell Industries comprises 0.6% of Four Tree Island Advisory LLC’s holdings, making the stock its 18th largest holding.

A number of other institutional investors and hedge funds also recently modified their holdings of LYB. Petredis Investment Advisors LLC grew its holdings in LyondellBasell Industries by 0.5% during the third quarter. Petredis Investment Advisors LLC now owns 23,100 shares of the specialty chemicals company’s stock valued at $2,215,000 after purchasing an additional 116 shares during the period. Castleview Partners LLC boosted its position in shares of LyondellBasell Industries by 7.2% during the third quarter. Castleview Partners LLC now owns 2,023 shares of the specialty chemicals company’s stock worth $194,000 after purchasing an additional 136 shares in the last quarter. Webster Bank N. A. grew its holdings in shares of LyondellBasell Industries by 70.4% in the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 143 shares during the period. Oliver Luxxe Assets LLC increased its position in shares of LyondellBasell Industries by 0.7% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 22,184 shares of the specialty chemicals company’s stock valued at $2,127,000 after buying an additional 146 shares in the last quarter. Finally, 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. 71.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In other LyondellBasell Industries news, Director Robin W.T. Buchanan purchased 5,000 shares of LyondellBasell Industries stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the acquisition, the director now owns 18,175 shares of the company’s stock, valued at approximately $1,382,390.50. This trade represents a 37.95 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.11% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on LYB shares. Wells Fargo & Company decreased their target price on LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft lowered their target price on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research note on Monday, November 4th. Piper Sandler reaffirmed a “neutral” rating and issued a $95.00 price target (down previously from $112.00) on shares of LyondellBasell Industries in a research note on Tuesday, January 7th. The Goldman Sachs Group lowered their price objective on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a research report on Thursday, December 12th. Finally, Mizuho cut their price objective on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $89.17.

LyondellBasell Industries Trading Down 1.5 %

Shares of NYSE:LYB opened at $76.61 on Monday. The stock has a market capitalization of $24.88 billion, a PE ratio of 18.50, a price-to-earnings-growth ratio of 0.92 and a beta of 1.05. The company’s 50-day moving average price is $75.86 and its two-hundred day moving average price is $86.49. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. LyondellBasell Industries has a one year low of $72.21 and a one year high of $107.02.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.53). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. During the same period in the prior year, the business posted $1.26 EPS. On average, equities analysts forecast that LyondellBasell Industries will post 6.68 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were paid a $1.34 dividend. The ex-dividend date was Monday, December 2nd. This represents a $5.36 annualized dividend and a dividend yield of 7.00%. LyondellBasell Industries’s dividend payout ratio is presently 129.47%.

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.