Centennial Wealth Advisory LLC Has $374,000 Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Centennial Wealth Advisory LLC lifted its position in shares of LyondellBasell Industries (NYSE:LYB) by 20.6% during the 4th quarter, HoldingsChannel reports. The fund owned 5,042 shares of the specialty chemicals company’s stock after purchasing an additional 861 shares during the period. Centennial Wealth Advisory LLC’s holdings in LyondellBasell Industries were worth $374,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. CVA Family Office LLC boosted its holdings in shares of LyondellBasell Industries by 155.9% during the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock valued at $25,000 after acquiring an additional 159 shares in the last quarter. Webster Bank N. A. boosted its holdings in shares of LyondellBasell Industries by 70.4% during the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 143 shares in the last quarter. Matrix Trust Co acquired a new stake in shares of LyondellBasell Industries during the 3rd quarter valued at $30,000. Rosenberg Matthew Hamilton boosted its holdings in shares of LyondellBasell Industries by 268.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock valued at $30,000 after acquiring an additional 295 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of LyondellBasell Industries during the 3rd quarter valued at $31,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on LYB shares. Barclays cut their price objective on LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating on the stock in a report on Monday. StockNews.com lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. The Goldman Sachs Group lowered their target price on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a research report on Thursday, December 12th. Royal Bank of Canada raised their target price on LyondellBasell Industries from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $95.00 target price (down from $112.00) on shares of LyondellBasell Industries in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, LyondellBasell Industries currently has a consensus rating of “Hold” and an average price target of $89.17.

LyondellBasell Industries Stock Performance

LYB stock opened at $77.00 on Thursday. The stock has a 50-day moving average price of $76.23 and a 200-day moving average price of $86.83. LyondellBasell Industries has a 1-year low of $72.21 and a 1-year high of $107.02. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. The firm has a market cap of $25.01 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 5.11 and a beta of 1.05.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.53). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. During the same period in the prior year, the business posted $1.26 earnings per share. As a group, equities research analysts expect that LyondellBasell Industries will post 7.4 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a $1.34 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 annualized dividend and a yield of 6.96%. LyondellBasell Industries’s payout ratio is currently 129.47%.

Insiders Place Their Bets

In other news, Director Robin W.T. Buchanan purchased 5,000 shares of the business’s stock in a transaction on Friday, December 13th. The shares were acquired at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the acquisition, the director now owns 18,175 shares in the company, valued at approximately $1,382,390.50. The trade was a 37.95 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.11% 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.