LyondellBasell Industries (NYSE:LYB) Shares Bought by SVB Wealth LLC

SVB Wealth LLC lifted its stake in shares of LyondellBasell Industries (NYSE:LYB) by 7.4% during the fourth quarter, Holdings Channel reports. The fund owned 19,341 shares of the specialty chemicals company’s stock after acquiring an additional 1,328 shares during the period. SVB Wealth LLC’s holdings in LyondellBasell Industries were worth $1,839,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of LYB. Valley National Advisers Inc. purchased a new stake in shares of LyondellBasell Industries during the third quarter worth approximately $25,000. Compass Wealth Management LLC purchased a new stake in shares of LyondellBasell Industries during the 4th quarter worth $25,000. FSC Wealth Advisors LLC acquired a new position in shares of LyondellBasell Industries during the third quarter worth $26,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in LyondellBasell Industries in the third quarter valued at $26,000. Finally, 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 valued at $29,000 after buying an additional 242 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on LYB shares. Barclays raised their target price on LyondellBasell Industries from $98.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. JPMorgan Chase & Co. increased their target price on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 price target for the company. in a research report on Wednesday, January 10th. Wells Fargo & Company lifted their target price on LyondellBasell Industries from $105.00 to $117.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Citigroup upped their target price on LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $103.82.

LyondellBasell Industries Stock Performance

Shares of LYB opened at $99.70 on Thursday. 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 company has a 50-day moving average of $100.22 and a two-hundred day moving average of $96.11. LyondellBasell Industries has a 12-month low of $84.80 and a 12-month high of $106.69. The stock has a market cap of $32.45 billion, a P/E ratio of 15.41, a PEG ratio of 1.22 and a beta of 1.19.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, February 2nd. The specialty chemicals company reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.07). LyondellBasell Industries had a net margin of 5.16% and a return on equity of 21.89%. The company had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.85 billion. During the same quarter last year, the company posted $1.29 EPS. LyondellBasell Industries’s quarterly revenue was down 6.6% compared to the same quarter last year. As a group, research analysts predict that LyondellBasell Industries will post 8.63 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were issued a $1.25 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $5.00 dividend on an annualized basis and a yield of 5.02%. LyondellBasell Industries’s dividend payout ratio (DPR) is 77.28%.

Insiders Place Their Bets

In related news, Director Robin W.T. Buchanan sold 18,111 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the sale, the director now owns 12,276 shares in the company, valued at $1,233,246.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other LyondellBasell Industries news, Director Robin W.T. Buchanan sold 18,111 shares of LyondellBasell Industries stock in a transaction on Friday, March 15th. The shares were sold at an average price of $100.46, for a total value of $1,819,431.06. Following the transaction, the director now owns 12,276 shares in the company, valued at approximately $1,233,246.96. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $100.47, for a total value of $711,729.48. Following the completion of the transaction, the chief accounting officer now directly owns 27,575 shares in the company, valued at $2,770,460.25. The disclosure for this sale can be found here. Insiders have sold 80,853 shares of company stock valued at $8,077,267 in the last ninety days. Insiders own 0.12% of the company’s stock.

About LyondellBasell Industries

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.