Legacy Capital Partners Inc. Grows Position in LyondellBasell Industries (NYSE:LYB)


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Legacy Capital Partners Inc. raised its position in LyondellBasell Industries (NYSE:LYB) by 23.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,232 shares of the specialty chemicals company’s stock after purchasing an additional 1,590 shares during the quarter. Legacy Capital Partners Inc.’s holdings in LyondellBasell Industries were worth $857,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in LYB. CVA Family Office LLC purchased a new position in shares of LyondellBasell Industries in the 1st quarter worth about $25,000. Charter Oak Capital Management LLC purchased a new position in shares of LyondellBasell Industries in the 4th quarter worth about $27,000. Founders Capital Management purchased a new position in shares of LyondellBasell Industries in the 4th quarter worth about $30,000. TD Ameritrade Investment Management LLC purchased a new position in shares of LyondellBasell Industries in the 4th quarter worth about $32,000. Finally, Vantage Consulting Group Inc purchased a new stake in shares of LyondellBasell Industries during the 4th quarter valued at about $33,000. Institutional investors own 67.61% of the company’s stock.

Shares of LyondellBasell Industries stock opened at $102.00 on Friday. The business’s fifty day moving average price is $106.16 and its two-hundred day moving average price is $92.14. The company has a debt-to-equity ratio of 1.88, a current ratio of 2.25 and a quick ratio of 1.41. The company has a market capitalization of $34.10 billion, a P/E ratio of 28.98, a PEG ratio of 1.58 and a beta of 1.55. LyondellBasell Industries has a 1-year low of $49.00 and a 1-year high of $112.73.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Thursday, January 28th. The specialty chemicals company reported $2.19 EPS for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.83. LyondellBasell Industries had a return on equity of 24.09% and a net margin of 4.23%. The company had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.06 billion. During the same quarter in the previous year, the business earned $1.92 EPS. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. On average, research analysts expect that LyondellBasell Industries will post 4.77 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 15th. Stockholders of record on Monday, March 8th were paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date was Friday, March 5th. LyondellBasell Industries’s dividend payout ratio is presently 43.66%.

In other news, SVP Kimberly A. Foley sold 2,261 shares of the business’s stock in a transaction on Monday, February 22nd. The stock was sold at an average price of $103.50, for a total value of $234,013.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold a total of 2,562 shares of company stock worth $263,516 in the last three months. Company insiders own 0.18% of the company’s stock.

Several equities research analysts recently commented on LYB shares. Exane BNP Paribas downgraded LyondellBasell Industries from a “neutral” rating to an “underperform” rating and set a $80.00 target price on the stock. in a report on Wednesday, January 6th. Deutsche Bank Aktiengesellschaft raised their target price on LyondellBasell Industries from $94.00 to $115.00 and gave the company a “hold” rating in a report on Wednesday, March 24th. Argus upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a report on Tuesday, February 2nd. Alembic Global Advisors upgraded LyondellBasell Industries from a “neutral” rating to an “overweight” rating and set a $120.00 price objective for the company in a research note on Monday, March 1st. Finally, JPMorgan Chase & Co. raised their price objective on LyondellBasell Industries from $104.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday, March 8th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the company’s stock. LyondellBasell Industries presently has a consensus rating of “Hold” and an average price target of $89.05.

LyondellBasell Industries Company Profile

LyondellBasell Industries NV engages in the refinery and production of plastic resins and other chemicals. It operates through the following segments: Olefins and Polyolefins-Americas; Olefins and Polyolefins-Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.

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

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