Townsend & Associates Inc Has $1.98 Million Position in LyondellBasell Industries (NYSE:LYB)

Townsend & Associates Inc cut its stake in LyondellBasell Industries (NYSE:LYB) by 6.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,146 shares of the specialty chemicals company’s stock after selling 1,414 shares during the quarter. Townsend & Associates Inc’s holdings in LyondellBasell Industries were worth $1,976,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Mutual Advisors LLC increased its stake in shares of LyondellBasell Industries by 0.8% during the 3rd quarter. Mutual Advisors LLC now owns 14,386 shares of the specialty chemicals company’s stock worth $1,362,000 after purchasing an additional 111 shares during the last quarter. Metis Global Partners LLC increased its position in LyondellBasell Industries by 0.9% during the fourth quarter. Metis Global Partners LLC now owns 13,264 shares of the specialty chemicals company’s stock worth $1,261,000 after buying an additional 115 shares during the last quarter. Czech National Bank raised its holdings in LyondellBasell Industries by 0.3% during the fourth quarter. Czech National Bank now owns 44,879 shares of the specialty chemicals company’s stock valued at $4,267,000 after buying an additional 116 shares in the last quarter. Cowa LLC lifted its position in shares of LyondellBasell Industries by 3.7% in the third quarter. Cowa LLC now owns 3,290 shares of the specialty chemicals company’s stock worth $312,000 after buying an additional 117 shares during the last quarter. Finally, Cambridge Trust Co. boosted its stake in shares of LyondellBasell Industries by 26.0% during the 3rd quarter. Cambridge Trust Co. now owns 567 shares of the specialty chemicals company’s stock worth $54,000 after acquiring an additional 117 shares in the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other LyondellBasell Industries news, Director Robin W.T. Buchanan sold 18,111 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the completion of the sale, the director now owns 12,276 shares of the company’s stock, valued at approximately $1,233,246.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Robin W.T. Buchanan sold 18,111 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the completion of the sale, the director now owns 12,276 shares in the company, valued at $1,233,246.96. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Kenneth Todd Lane sold 9,489 shares of LyondellBasell Industries stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $98.92, for a total value of $938,651.88. Following the transaction, the executive vice president now directly owns 89,445 shares in the company, valued at approximately $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 worth $8,077,267 in the last ninety days. Company insiders own 0.11% of the company’s stock.

LyondellBasell Industries Stock Performance

Shares of NYSE:LYB traded up $0.01 on Thursday, hitting $102.19. The company had a trading volume of 469,335 shares, compared to its average volume of 1,927,524. The stock has a market cap of $33.28 billion, a price-to-earnings ratio of 15.77, a P/E/G ratio of 1.43 and a beta of 1.18. The company has a current ratio of 2.12, a quick ratio of 1.32 and a debt-to-equity ratio of 0.85. LyondellBasell Industries has a 1-year low of $84.80 and a 1-year high of $107.02. The stock has a 50 day moving average price of $101.14 and a 200 day moving average price of $96.86.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.17. The firm had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.70 billion. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.50 EPS. Analysts expect that LyondellBasell Industries will post 8.5 EPS for the current year.

LyondellBasell Industries Announces Dividend

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. The ex-dividend date of this dividend was Friday, March 1st. This represents a $5.00 annualized dividend and a yield of 4.89%. LyondellBasell Industries’s dividend payout ratio is presently 77.28%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LYB. Royal Bank of Canada raised their price objective on LyondellBasell Industries from $107.00 to $113.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. Wolfe Research assumed coverage on shares of LyondellBasell Industries in a report on Friday, March 1st. They set an “underperform” rating for the company. Barclays lifted their target price on shares of LyondellBasell Industries from $100.00 to $104.00 and gave the stock an “equal weight” rating in a report on Monday. BMO Capital Markets upped their price target on shares of LyondellBasell Industries from $99.00 to $105.00 and gave the company a “market perform” rating in a report on Tuesday, April 30th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on LyondellBasell Industries from $100.00 to $105.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $105.08.

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.