Ashton Thomas Private Wealth LLC Has $342,000 Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Ashton Thomas Private Wealth LLC raised its position in LyondellBasell Industries (NYSE:LYB) by 7.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,608 shares of the specialty chemicals company’s stock after buying an additional 321 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in LyondellBasell Industries were worth $342,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LYB. Ashton Thomas Securities LLC bought a new stake in shares of LyondellBasell Industries during the 3rd quarter valued at $31,000. Webster Bank N. A. lifted its position 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 during the period. Rosenberg Matthew Hamilton lifted its position 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 during the period. Brooklyn Investment Group bought a new stake in shares of LyondellBasell Industries during the 3rd quarter valued at $60,000. Finally, Pinnacle Bancorp Inc. bought a new stake in shares of LyondellBasell Industries during the 4th quarter valued at $59,000. 71.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LYB has been the subject of a number of recent analyst reports. Wells Fargo & Company cut their target price on LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Barclays cut their target price on LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. The Goldman Sachs Group dropped their price objective 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. UBS Group dropped their price objective on LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Finally, Piper Sandler dropped their price objective on LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, LyondellBasell Industries presently has a consensus rating of “Hold” and an average price target of $88.25.

LyondellBasell Industries Price Performance

Shares of LYB opened at $73.99 on Wednesday. LyondellBasell Industries has a 12-month low of $72.21 and a 12-month high of $107.02. The business has a 50-day simple moving average of $76.10 and a two-hundred day simple moving average of $83.28. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. The stock has a market cap of $23.93 billion, a PE ratio of 17.87, a PEG ratio of 0.97 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 last year, the firm posted $1.26 earnings per share. Analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be issued a $1.34 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a yield of 7.24%. LyondellBasell Industries’s payout ratio is presently 129.47%.

Insider Activity

In related news, Director Robin W.T. Buchanan purchased 5,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was bought at an average price of $76.06 per share, with a total value of $380,300.00. Following the completion of the purchase, the director now owns 18,175 shares in the company, valued at approximately $1,382,390.50. This represents a 37.95 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.11% 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.