NewSquare Capital LLC Purchases 193 Shares of LyondellBasell Industries (NYSE:LYB)

NewSquare Capital LLC boosted its position in LyondellBasell Industries (NYSE:LYB) by 0.3% during the first quarter, Holdings Channel reports. The institutional investor owned 70,986 shares of the specialty chemicals company’s stock after purchasing an additional 193 shares during the quarter. NewSquare Capital LLC’s holdings in LyondellBasell Industries were worth $4,932,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of LYB. JPMorgan Chase & Co. grew its position in LyondellBasell Industries by 3.7% in the third quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company’s stock valued at $501,501,000 after purchasing an additional 187,150 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of LyondellBasell Industries in the 4th quarter valued at about $3,760,000. M&T Bank Corp increased its position in shares of LyondellBasell Industries by 2.4% in the fourth quarter. M&T Bank Corp now owns 19,741 shares of the specialty chemicals company’s stock valued at $1,467,000 after acquiring an additional 461 shares during the last quarter. Allworth Financial LP raised its holdings in LyondellBasell Industries by 59.6% during the fourth quarter. Allworth Financial LP now owns 1,511 shares of the specialty chemicals company’s stock worth $116,000 after acquiring an additional 564 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in LyondellBasell Industries by 1.2% during the fourth quarter. Asset Management One Co. Ltd. now owns 120,838 shares of the specialty chemicals company’s stock valued at $8,959,000 after purchasing an additional 1,403 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

Insider Transactions at LyondellBasell Industries

In related news, Director Michael Sean Hanley purchased 3,750 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average price of $72.05 per share, with a total value of $270,187.50. Following the completion of the purchase, the director now directly owns 16,028 shares in the company, valued at $1,154,817.40. This trade represents a 30.54% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.14% of the company’s stock.

LyondellBasell Industries Price Performance

Shares of NYSE LYB opened at $56.63 on Monday. The business’s 50 day moving average is $57.67 and its 200-day moving average is $69.49. The firm has a market cap of $18.20 billion, a P/E ratio of 13.68, a price-to-earnings-growth ratio of 0.97 and a beta of 0.82. LyondellBasell Industries has a 1-year low of $51.11 and a 1-year high of $100.46. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. The firm had revenue of $7.68 billion for the quarter, compared to analyst estimates of $7.69 billion. During the same period in the prior year, the business posted $1.53 EPS. The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. Equities research analysts predict that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Shareholders of record on Monday, June 2nd will be given a dividend of $1.37 per share. This represents a $5.48 dividend on an annualized basis and a dividend yield of 9.68%. The ex-dividend date is Monday, June 2nd. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $1.34. LyondellBasell Industries’s dividend payout ratio is presently 169.14%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on LYB shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $60.00 price target (down previously from $80.00) on shares of LyondellBasell Industries in a research report on Friday, April 4th. Royal Bank of Canada cut their price target on shares of LyondellBasell Industries from $62.00 to $61.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 29th. Fermium Researc upgraded shares of LyondellBasell Industries to a “strong-buy” rating in a research note on Friday, April 25th. UBS Group reaffirmed a “sell” rating and issued a $51.00 target price (down from $76.00) on shares of LyondellBasell Industries in a report on Monday, April 7th. Finally, Citigroup reduced their price target on LyondellBasell Industries from $66.00 to $58.00 and set a “neutral” rating for the company in a report on Tuesday, April 29th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $69.75.

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.