8,000 Shares in LyondellBasell Industries (NYSE:LYB) Purchased by Chase Investment Counsel Corp

Chase Investment Counsel Corp acquired a new position in shares of LyondellBasell Industries (NYSE:LYB) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 8,000 shares of the specialty chemicals company’s stock, valued at approximately $760,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Choreo LLC acquired a new position in shares of LyondellBasell Industries in the 4th quarter valued at about $350,000. Intellectus Partners LLC acquired a new position in shares of LyondellBasell Industries in the 4th quarter valued at about $566,000. Paradiem LLC lifted its stake in shares of LyondellBasell Industries by 50.7% in the 4th quarter. Paradiem LLC now owns 82,307 shares of the specialty chemicals company’s stock valued at $7,826,000 after purchasing an additional 27,679 shares in the last quarter. PGGM Investments lifted its stake in shares of LyondellBasell Industries by 6.9% in the 4th quarter. PGGM Investments now owns 13,663 shares of the specialty chemicals company’s stock valued at $1,299,000 after purchasing an additional 879 shares in the last quarter. Finally, Opinicus Capital Inc. acquired a new position in shares of LyondellBasell Industries in the 4th quarter valued at about $246,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on LYB. Barclays boosted their price target on LyondellBasell Industries from $98.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. Mizuho boosted their price target on LyondellBasell Industries from $98.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday. Wolfe Research started coverage on LyondellBasell Industries in a research report on Friday, March 1st. They set an “underperform” rating on the stock. Royal Bank of Canada lifted their price objective on LyondellBasell Industries from $107.00 to $113.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 price objective on the stock. in a report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, LyondellBasell Industries currently has a consensus rating of “Hold” and an average price target of $104.67.

Insiders Place Their Bets

In related news, EVP Kenneth Todd Lane sold 9,489 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $98.92, for a total transaction of $938,651.88. Following the completion of the sale, the executive vice president now owns 89,445 shares in the company, valued at approximately $8,847,899.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $100.47, for a total value of $711,729.48. Following the completion of the transaction, the chief accounting officer now directly owns 27,575 shares of the company’s stock, valued at approximately $2,770,460.25. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kenneth Todd Lane sold 9,489 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $98.92, for a total value of $938,651.88. Following the completion of the transaction, the executive vice president now directly owns 89,445 shares of the company’s stock, valued at $8,847,899.40. The disclosure for this sale can be found here. Insiders have sold a total of 80,853 shares of company stock valued at $8,077,267 in the last three months. Insiders own 0.11% of the company’s stock.

LyondellBasell Industries Stock Down 1.0 %

NYSE:LYB traded down $1.06 during trading hours on Monday, hitting $101.07. 596,081 shares of the company’s stock traded hands, compared to its average volume of 1,909,495. The firm has a market cap of $32.89 billion, a P/E ratio of 15.64, a P/E/G ratio of 1.25 and a beta of 1.19. LyondellBasell Industries has a twelve month low of $84.80 and a twelve month high of $106.69. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.32 and a current ratio of 2.12. The stock’s fifty day moving average price is $100.87 and its two-hundred day moving average price is $96.52.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.17. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The firm had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.70 billion. During the same period in the previous year, the firm earned $2.50 earnings per share. LyondellBasell Industries’s quarterly revenue was down 3.1% on a year-over-year basis. On average, research analysts expect that LyondellBasell Industries will post 8.69 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 4.95%. The ex-dividend date was Friday, March 1st. LyondellBasell Industries’s payout ratio is currently 77.28%.

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.