2,920 Shares in LyondellBasell Industries (NYSE:LYB) Acquired by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC purchased a new position in LyondellBasell Industries (NYSE:LYB) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,920 shares of the specialty chemicals company’s stock, valued at approximately $278,000.

A number of other hedge funds also recently modified their holdings of the stock. Valley National Advisers Inc. bought a new stake in LyondellBasell Industries during the 3rd quarter valued at $25,000. Compass Wealth Management LLC purchased a new stake in shares of LyondellBasell Industries during the fourth quarter worth $25,000. FSC Wealth Advisors LLC purchased a new stake in shares of LyondellBasell Industries during the third quarter worth $26,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of LyondellBasell Industries during the third quarter worth $26,000. Finally, Venturi Wealth Management LLC lifted its position in shares of LyondellBasell Industries by 410.2% during the fourth quarter. Venturi Wealth Management LLC now owns 301 shares of the specialty chemicals company’s stock worth $29,000 after acquiring an additional 242 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Performance

NYSE LYB opened at $99.70 on Thursday. The company has a 50-day simple moving average of $100.22 and a two-hundred day simple moving average of $96.11. The company has a quick ratio of 1.17, a current ratio of 1.84 and a debt-to-equity ratio of 0.80. LyondellBasell Industries has a 12-month low of $84.80 and a 12-month high of $106.69. The firm has a market cap of $32.45 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 1.22 and a beta of 1.19.

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

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $5.00 annualized dividend and a yield of 5.02%. LyondellBasell Industries’s payout ratio is 77.28%.

Analyst Ratings Changes

LYB has been the topic of several recent research reports. Wolfe Research initiated coverage on LyondellBasell Industries in a research report on Friday, March 1st. They set an “underperform” rating on the stock. Citigroup increased 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. JPMorgan Chase & Co. increased their target price on LyondellBasell Industries from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, March 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $107.00 price target on shares of LyondellBasell Industries in a report on Monday, February 5th. Finally, Vertical Research raised shares of 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 issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $103.82.

Insider Buying and Selling at LyondellBasell Industries

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 document filed with the SEC, which is accessible through this link. In other news, EVP Kenneth Todd Lane sold 29,229 shares of the stock in a transaction dated 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 document filed with the SEC, which is accessible through the SEC website. Also, Director Robin W.T. Buchanan sold 18,111 shares of the stock in a transaction dated Friday, March 15th. The stock was 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 of the company’s stock, valued at $1,233,246.96. 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. Company insiders own 0.12% of the company’s stock.

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.