LyondellBasell Industries (NYSE:LYB) Shares Acquired by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. lifted its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,259 shares of the specialty chemicals company’s stock after buying an additional 1,176 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in LyondellBasell Industries were worth $6,490,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Intrust Bank NA lifted its position in LyondellBasell Industries by 5.6% in the fourth quarter. Intrust Bank NA now owns 16,377 shares of the specialty chemicals company’s stock worth $1,557,000 after purchasing an additional 863 shares during the period. Chase Investment Counsel Corp acquired a new stake in LyondellBasell Industries in the fourth quarter worth approximately $760,000. Choreo LLC acquired a new stake in LyondellBasell Industries in the fourth quarter worth approximately $350,000. Intellectus Partners LLC acquired a new stake in LyondellBasell Industries in the fourth quarter worth approximately $566,000. Finally, Paradiem LLC lifted its position in LyondellBasell Industries by 50.7% in the fourth quarter. Paradiem LLC now owns 82,307 shares of the specialty chemicals company’s stock worth $7,826,000 after purchasing an additional 27,679 shares during the period. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Down 0.4 %

Shares of NYSE LYB traded down $0.43 during mid-day trading on Monday, reaching $101.70. The company had a trading volume of 1,852,963 shares, compared to its average volume of 1,925,331. LyondellBasell Industries has a twelve month low of $84.80 and a twelve month high of $106.69. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.32 and a current ratio of 2.12. The stock has a market capitalization of $33.10 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 1.25 and a beta of 1.19. The stock’s 50 day moving average is $100.87 and its 200-day moving average is $96.52.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share for the quarter, topping 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 net margin of 5.20% and a return on equity of 19.31%. LyondellBasell Industries’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.50 earnings per share. As a group, equities analysts anticipate that LyondellBasell Industries will post 8.69 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, March 4th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date of this dividend was Friday, March 1st. LyondellBasell Industries’s dividend payout ratio is presently 77.28%.

Insider Buying and Selling

In related news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the company’s stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 27,575 shares in the company, valued at $2,770,460.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other LyondellBasell Industries news, Director Robin W.T. Buchanan sold 18,111 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now directly owns 12,276 shares in the company, valued at $1,233,246.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $100.47, for a total transaction of $711,729.48. Following 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. Over the last three months, insiders sold 80,853 shares of company stock worth $8,077,267. Corporate insiders own 0.11% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Citigroup upped their target price on LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. Royal Bank of Canada upped their price target on LyondellBasell Industries from $107.00 to $113.00 and gave the company an “outperform” rating in a report on Monday. JPMorgan Chase & Co. upped their price target on LyondellBasell Industries from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft cut LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a report on Wednesday, January 10th. Finally, Vertical Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. One equities research 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 MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $104.67.

LyondellBasell Industries Company 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.