Everence Capital Management Inc. Acquires 20,010 Shares of LyondellBasell Industries (NYSE:LYB)

Everence Capital Management Inc. grew its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 36.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 74,520 shares of the specialty chemicals company’s stock after purchasing an additional 20,010 shares during the period. Everence Capital Management Inc.’s holdings in LyondellBasell Industries were worth $7,085,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LYB. Blair William & Co. IL lifted its position in LyondellBasell Industries by 1.0% during the 1st quarter. Blair William & Co. IL now owns 10,812 shares of the specialty chemicals company’s stock worth $1,112,000 after buying an additional 107 shares in the last quarter. Sei Investments Co. raised its holdings in shares of LyondellBasell Industries by 26.2% in the 1st quarter. Sei Investments Co. now owns 41,362 shares of the specialty chemicals company’s stock valued at $4,349,000 after purchasing an additional 8,596 shares during the period. Prudential PLC bought a new stake in shares of LyondellBasell Industries in the 1st quarter valued at about $731,000. Cetera Investment Advisers raised its holdings in shares of LyondellBasell Industries by 29.0% in the 1st quarter. Cetera Investment Advisers now owns 7,488 shares of the specialty chemicals company’s stock valued at $770,000 after purchasing an additional 1,684 shares during the period. Finally, Moors & Cabot Inc. raised its holdings in shares of LyondellBasell Industries by 20.2% in the 1st quarter. Moors & Cabot Inc. now owns 6,268 shares of the specialty chemicals company’s stock valued at $644,000 after purchasing an additional 1,053 shares during the period. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Price Performance

NYSE:LYB traded down $1.31 on Tuesday, hitting $99.15. The company had a trading volume of 1,320,036 shares, compared to its average volume of 1,941,658. The stock has a market capitalization of $32.27 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 1.25 and a beta of 1.19. The company has a current ratio of 1.84, a quick ratio of 1.17 and a debt-to-equity ratio of 0.80. The firm has a 50 day moving average of $100.02 and a two-hundred day moving average of $96.05. LyondellBasell Industries has a 52 week low of $84.80 and a 52 week high of $106.69.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, February 2nd. The specialty chemicals company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.07). The company had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.85 billion. LyondellBasell Industries had a net margin of 5.16% and a return on equity of 21.89%. LyondellBasell Industries’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.29 EPS. On average, research analysts anticipate that LyondellBasell Industries will post 8.63 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

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

Wall Street Analysts Forecast Growth

LYB has been the topic of a number of research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $107.00 price target on shares of LyondellBasell Industries in a research note on Monday, February 5th. Deutsche Bank Aktiengesellschaft lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a research note on Wednesday, January 10th. Citigroup increased their target price on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. Wolfe Research started coverage on shares of LyondellBasell Industries in a research report on Friday, March 1st. They set an “underperform” rating on the stock. Finally, Barclays increased their target price 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $103.82.

Insider Transactions at LyondellBasell Industries

In other news, EVP Kenneth Todd Lane sold 29,229 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $99.19, for a total transaction of $2,899,224.51. Following the completion of the sale, the executive vice president now directly owns 91,758 shares in the company, valued at $9,101,476.02. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, EVP Kenneth Todd Lane sold 29,229 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $99.19, for a total transaction of $2,899,224.51. Following the completion of the sale, the executive vice president now directly owns 91,758 shares in the company, valued at $9,101,476.02. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the firm’s stock in a transaction 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 sale, 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 sold a total of 80,853 shares of company stock worth $8,077,267 over the last three months. 0.12% of the stock is owned by company insiders.

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.