Verity & Verity LLC Has $17.43 Million Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Verity & Verity LLC grew its position in LyondellBasell Industries (NYSE:LYB) by 74.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 234,702 shares of the specialty chemicals company’s stock after purchasing an additional 100,091 shares during the quarter. LyondellBasell Industries makes up approximately 1.6% of Verity & Verity LLC’s portfolio, making the stock its 22nd largest holding. Verity & Verity LLC’s holdings in LyondellBasell Industries were worth $17,431,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of LYB. Rockland Trust Co. lifted its position in LyondellBasell Industries by 0.9% during the 3rd quarter. Rockland Trust Co. now owns 13,070 shares of the specialty chemicals company’s stock worth $1,253,000 after acquiring an additional 112 shares during the last quarter. Petredis Investment Advisors LLC lifted its position in shares of LyondellBasell Industries by 0.5% during the 3rd quarter. Petredis Investment Advisors LLC now owns 23,100 shares of the specialty chemicals company’s stock worth $2,215,000 after purchasing an additional 116 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in LyondellBasell Industries by 25.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the specialty chemicals company’s stock valued at $58,000 after purchasing an additional 122 shares during the period. Castleview Partners LLC grew its holdings in LyondellBasell Industries by 7.2% in the 3rd quarter. Castleview Partners LLC now owns 2,023 shares of the specialty chemicals company’s stock valued at $194,000 after buying an additional 136 shares during the last quarter. Finally, Oliver Luxxe Assets LLC increased its position in LyondellBasell Industries by 0.7% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 22,184 shares of the specialty chemicals company’s stock worth $2,127,000 after buying an additional 146 shares during the period. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock opened at $77.35 on Friday. The business has a 50 day simple moving average of $77.79 and a 200 day simple moving average of $88.58. LyondellBasell Industries has a one year low of $72.21 and a one year high of $107.02. The company has a market capitalization of $25.12 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 1.74 and a beta of 1.06. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The company had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the previous year, the business posted $2.46 earnings per share. The firm’s revenue was down 2.8% compared to the same quarter last year. On average, sell-side analysts forecast that LyondellBasell Industries will post 6.8 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were paid a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 annualized dividend and a yield of 6.93%. LyondellBasell Industries’s dividend payout ratio is 81.58%.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan acquired 5,000 shares of LyondellBasell Industries stock in a transaction on Friday, December 13th. The shares were 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 $1,382,390.50. This trade represents a 37.95 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

LYB has been the topic of several research analyst reports. Morgan Stanley lowered their price objective on shares of LyondellBasell Industries from $110.00 to $90.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Barclays decreased their price target on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Royal Bank of Canada cut their price objective on shares of LyondellBasell Industries from $104.00 to $92.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th. StockNews.com downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a report on Monday, November 4th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $94.33.

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.