Vestor Capital LLC Acquires 193 Shares of LyondellBasell Industries (NYSE:LYB)

Vestor Capital LLC boosted its holdings in LyondellBasell Industries (NYSE:LYBGet Rating) by 0.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,935 shares of the specialty chemicals company’s stock after purchasing an additional 193 shares during the period. Vestor Capital LLC’s holdings in LyondellBasell Industries were worth $6,677,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of LYB. Allspring Global Investments Holdings LLC bought a new stake in LyondellBasell Industries in the fourth quarter worth about $13,048,000. Dupont Capital Management Corp raised its holdings in shares of LyondellBasell Industries by 48.3% in the 4th quarter. Dupont Capital Management Corp now owns 2,770 shares of the specialty chemicals company’s stock worth $255,000 after purchasing an additional 902 shares during the period. CWM LLC purchased a new position in LyondellBasell Industries in the fourth quarter valued at approximately $62,000. Qube Research & Technologies Ltd bought a new position in LyondellBasell Industries during the fourth quarter valued at $7,397,000. Finally, Pinnacle Associates Ltd. increased its position in LyondellBasell Industries by 84.2% in the fourth quarter. Pinnacle Associates Ltd. now owns 65,554 shares of the specialty chemicals company’s stock worth $6,046,000 after buying an additional 29,972 shares during the last quarter. Institutional investors own 69.64% of the company’s stock.

LyondellBasell Industries Price Performance

NYSE LYB traded up $0.11 on Friday, reaching $85.61. 1,698,726 shares of the company’s stock traded hands, compared to its average volume of 2,286,708. LyondellBasell Industries has a 12 month low of $82.14 and a 12 month high of $117.22. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.68 and a quick ratio of 1.01. The stock has a 50-day simple moving average of $92.68 and a 200 day simple moving average of $99.52. The stock has a market cap of $27.93 billion, a PE ratio of 5.22, a P/E/G ratio of 0.62 and a beta of 1.27.

LyondellBasell Industries (NYSE:LYBGet Rating) last issued its quarterly earnings results on Friday, July 29th. The specialty chemicals company reported $5.19 EPS for the quarter, beating analysts’ consensus estimates of $4.91 by $0.28. LyondellBasell Industries had a net margin of 10.19% and a return on equity of 49.41%. The business had revenue of $14.84 billion for the quarter, compared to analysts’ expectations of $13.70 billion. During the same period last year, the business earned $6.13 earnings per share. The business’s quarterly revenue was up 28.3% on a year-over-year basis. As a group, research analysts predict that LyondellBasell Industries will post 17.11 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a special dividend, which was paid on Monday, June 13th. Shareholders of record on Monday, June 6th were given a dividend of $5.20 per share. This represents a yield of 4.2%. The ex-dividend date was Friday, June 3rd. LyondellBasell Industries’s payout ratio is currently 29.01%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Wells Fargo & Company cut their price target on LyondellBasell Industries from $125.00 to $115.00 and set an “overweight” rating for the company in a research note on Tuesday. Alembic Global Advisors lowered shares of LyondellBasell Industries from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $120.00 to $115.00 in a research report on Tuesday, May 31st. Bank of America cut their target price on shares of LyondellBasell Industries from $109.00 to $100.00 and set an “underperform” rating for the company in a research report on Tuesday, June 14th. JPMorgan Chase & Co. cut their target price on shares of LyondellBasell Industries from $130.00 to $115.00 in a research report on Friday, June 17th. Finally, Credit Suisse Group assumed coverage on shares of LyondellBasell Industries in a research report on Monday, June 27th. They set an “underperform” rating and a $70.00 target price for the company. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $106.26.

Insider Buying and Selling at LyondellBasell Industries

In other news, Director Jagjeet S. Bindra sold 2,640 shares of the firm’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $111.44, for a total value of $294,201.60. Following the transaction, the director now owns 7,020 shares in the company, valued at $782,308.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Michael C. Mcmurray sold 33,880 shares of LyondellBasell Industries stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $110.94, for a total value of $3,758,647.20. Following the sale, the chief financial officer now owns 39,612 shares in the company, valued at $4,394,555.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jagjeet S. Bindra sold 2,640 shares of the firm’s stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $111.44, for a total value of $294,201.60. Following the transaction, the director now directly owns 7,020 shares of the company’s stock, valued at approximately $782,308.80. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

LyondellBasell Industries Profile

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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.

Further Reading

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Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

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