Martin Capital Partners LLC Takes $1.16 Million Position in LyondellBasell Industries (NYSE:LYB)

Martin Capital Partners LLC purchased a new stake in LyondellBasell Industries (NYSE:LYB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,636 shares of the specialty chemicals company’s stock, valued at approximately $1,161,000.

Other hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its position in shares of LyondellBasell Industries by 20.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 220,285 shares of the specialty chemicals company’s stock valued at $16,323,000 after purchasing an additional 37,573 shares during the period. Y.D. More Investments Ltd grew its stake in LyondellBasell Industries by 14.9% in the 4th quarter. Y.D. More Investments Ltd now owns 1,497 shares of the specialty chemicals company’s stock valued at $111,000 after buying an additional 194 shares during the last quarter. Yousif Capital Management LLC raised its holdings in LyondellBasell Industries by 4.4% in the 4th quarter. Yousif Capital Management LLC now owns 48,786 shares of the specialty chemicals company’s stock valued at $3,623,000 after acquiring an additional 2,068 shares during the period. Old North State Wealth Management LLC boosted its holdings in shares of LyondellBasell Industries by 15.9% during the fourth quarter. Old North State Wealth Management LLC now owns 32,668 shares of the specialty chemicals company’s stock worth $2,430,000 after acquiring an additional 4,473 shares during the period. Finally, Guidance Capital Inc. acquired a new position in shares of LyondellBasell Industries in the fourth quarter valued at approximately $895,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LYB. Barclays reduced their price target on LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating for the company in a research note on Monday. Morgan Stanley lowered their price target on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday. UBS Group cut their price objective on shares of LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating for the company in a report on Monday. Mizuho lowered their target price on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. Finally, The Goldman Sachs Group cut their price target on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $89.17.

LyondellBasell Industries Stock Performance

NYSE LYB opened at $78.25 on Wednesday. The firm’s fifty day moving average price is $76.23 and its two-hundred day moving average price is $86.83. The stock has a market cap of $25.41 billion, a PE ratio of 18.90, a PEG ratio of 5.11 and a beta of 1.05. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. LyondellBasell Industries has a fifty-two week low of $72.21 and a fifty-two week high of $107.02.

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. On average, equities analysts expect that LyondellBasell Industries will post 7.4 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 6.85%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries’s payout ratio is 129.47%.

Insider Buying and Selling at LyondellBasell Industries

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. Corporate insiders own 0.11% of the company’s stock.

LyondellBasell Industries 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.