LyondellBasell Industries (NYSE:LYB) Shares Acquired by Sound Income Strategies LLC

Sound Income Strategies LLC boosted its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 8.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 271,626 shares of the specialty chemicals company’s stock after purchasing an additional 20,310 shares during the quarter. LyondellBasell Industries makes up 1.2% of Sound Income Strategies LLC’s holdings, making the stock its 23rd largest position. Sound Income Strategies LLC owned about 0.08% of LyondellBasell Industries worth $20,174,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. ProShare Advisors LLC increased its holdings in LyondellBasell Industries by 19.7% in the 2nd quarter. ProShare Advisors LLC now owns 51,177 shares of the specialty chemicals company’s stock worth $4,896,000 after acquiring an additional 8,409 shares in the last quarter. 1832 Asset Management L.P. increased its stake in LyondellBasell Industries by 3.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 21,191 shares of the specialty chemicals company’s stock worth $2,027,000 after buying an additional 614 shares in the last quarter. Public Sector Pension Investment Board increased its stake in LyondellBasell Industries by 80.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 9,479 shares of the specialty chemicals company’s stock worth $907,000 after buying an additional 4,225 shares in the last quarter. Evergreen Capital Management LLC boosted its stake in shares of LyondellBasell Industries by 5.2% in the second quarter. Evergreen Capital Management LLC now owns 5,345 shares of the specialty chemicals company’s stock worth $511,000 after acquiring an additional 264 shares during the last quarter. Finally, Bank of Montreal Can increased its position in shares of LyondellBasell Industries by 4.6% during the second quarter. Bank of Montreal Can now owns 512,040 shares of the specialty chemicals company’s stock worth $49,105,000 after purchasing an additional 22,577 shares in the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related 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 bought at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the acquisition, the director now directly 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.11% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

LYB has been the subject of a number of research reports. StockNews.com lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Barclays reduced their price target on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a report on Monday, November 4th. Morgan Stanley reduced their target price 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. Finally, JPMorgan Chase & Co. dropped their price target on shares of LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, LyondellBasell Industries has a consensus rating of “Hold” and an average price target of $94.33.

LyondellBasell Industries Trading Up 0.4 %

LYB opened at $77.35 on Friday. LyondellBasell Industries has a 52 week low of $72.21 and a 52 week high of $107.02. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. The business has a fifty day simple moving average of $77.23 and a 200-day simple moving average of $88.05. The firm has a market cap of $25.12 billion, a P/E ratio of 11.77, a P/E/G ratio of 5.07 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). The firm had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The business’s revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.46 earnings per share. On average, equities analysts expect that LyondellBasell Industries will post 6.48 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

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

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.