McIlrath & Eck LLC Buys 141 Shares of LyondellBasell Industries (NYSE:LYB)

McIlrath & Eck LLC increased its holdings in LyondellBasell Industries (NYSE:LYB) by 100.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 281 shares of the specialty chemicals company’s stock after buying an additional 141 shares during the period. McIlrath & Eck LLC’s holdings in LyondellBasell Industries were worth $27,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of LYB. Pacer Advisors Inc. increased its position in shares of LyondellBasell Industries by 35.5% during the 4th quarter. Pacer Advisors Inc. now owns 3,571,985 shares of the specialty chemicals company’s stock valued at $339,624,000 after purchasing an additional 935,430 shares during the last quarter. Invesco Ltd. lifted its stake in shares of LyondellBasell Industries by 24.9% in the 3rd quarter. Invesco Ltd. now owns 4,085,474 shares of the specialty chemicals company’s stock valued at $386,894,000 after acquiring an additional 815,083 shares during the last quarter. FMR LLC boosted its stake in shares of LyondellBasell Industries by 10.3% during the third quarter. FMR LLC now owns 8,408,551 shares of the specialty chemicals company’s stock valued at $796,290,000 after purchasing an additional 787,221 shares during the period. ANTIPODES PARTNERS Ltd bought a new position in shares of LyondellBasell Industries in the third quarter worth approximately $67,160,000. Finally, Bank of Nova Scotia increased its stake in shares of LyondellBasell Industries by 3,162.5% in the third quarter. Bank of Nova Scotia now owns 614,259 shares of the specialty chemicals company’s stock worth $58,170,000 after buying an additional 595,431 shares during the period. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on LYB shares. Wells Fargo & Company increased their price objective on LyondellBasell Industries from $105.00 to $117.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Vertical Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, January 3rd. Citigroup increased their price objective on LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. Mizuho lifted their target price on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the company a “neutral” rating in a report on Monday. Finally, Wolfe Research initiated coverage on LyondellBasell Industries in a research report on Friday, March 1st. They set an “underperform” rating for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, LyondellBasell Industries has an average rating of “Hold” and an average target price of $104.75.

Insider Activity

In other news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was 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 in the company, valued at $2,770,460.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other LyondellBasell Industries news, EVP Kenneth Todd Lane sold 9,489 shares of LyondellBasell Industries stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $98.92, for a total transaction of $938,651.88. Following the completion of the sale, the executive vice president now directly owns 89,445 shares in the company, valued at approximately $8,847,899.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction of $711,729.48. Following the completion of the sale, the chief accounting officer now owns 27,575 shares in the company, valued at approximately $2,770,460.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 80,853 shares of company stock worth $8,077,267. Insiders own 0.11% of the company’s stock.

LyondellBasell Industries Price Performance

LYB stock traded down $0.30 during trading on Thursday, hitting $99.22. 256,158 shares of the company’s stock traded hands, compared to its average volume of 1,914,134. The stock has a market capitalization of $32.31 billion, a price-to-earnings ratio of 15.38, a P/E/G ratio of 1.26 and a beta of 1.18. 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 business has a fifty day simple moving average of $101.07 and a 200 day simple moving average of $96.65. 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 earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.17. The firm had revenue of $9.93 billion during the quarter, compared to analyst estimates of $9.70 billion. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The business’s revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.50 earnings per share. As a group, research analysts expect that LyondellBasell Industries will post 8.49 EPS for the current fiscal 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 given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date was Friday, March 1st. LyondellBasell Industries’s payout ratio is presently 77.28%.

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.