Sunbelt Securities Inc. Boosts Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Sunbelt Securities Inc. grew its position in shares of LyondellBasell Industries (NYSE:LYB – Get Rating) by 2.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,106 shares of the specialty chemicals company’s stock after purchasing an additional 208 shares during the quarter. Sunbelt Securities Inc.’s holdings in LyondellBasell Industries were worth $610,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Blair William & Co. IL increased its holdings in shares of LyondellBasell Industries by 1.0% during the 1st quarter. Blair William & Co. IL now owns 10,812 shares of the specialty chemicals company’s stock valued at $1,112,000 after purchasing an additional 107 shares in the last quarter. Mutual Advisors LLC increased its holdings in LyondellBasell Industries by 1.0% in the 2nd quarter. Mutual Advisors LLC now owns 11,033 shares of the specialty chemicals company’s stock worth $965,000 after acquiring an additional 111 shares in the last quarter. Covestor Ltd increased its holdings in LyondellBasell Industries by 33.9% in the 1st quarter. Covestor Ltd now owns 446 shares of the specialty chemicals company’s stock worth $46,000 after acquiring an additional 113 shares in the last quarter. Heron Financial Group LLC increased its holdings in LyondellBasell Industries by 0.6% in the 3rd quarter. Heron Financial Group LLC now owns 20,193 shares of the specialty chemicals company’s stock worth $1,520,000 after acquiring an additional 125 shares in the last quarter. Finally, FORVIS Wealth Advisors LLC increased its holdings in LyondellBasell Industries by 4.0% in the 3rd quarter. FORVIS Wealth Advisors LLC now owns 3,380 shares of the specialty chemicals company’s stock worth $254,000 after acquiring an additional 130 shares in the last quarter. 91.12% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Trading Up 1.0 %

NYSE LYB opened at $85.04 on Friday. The firm’s 50-day moving average is $94.52 and its two-hundred day moving average is $85.93. LyondellBasell Industries has a 12 month low of $71.46 and a 12 month high of $117.22. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.75 and a quick ratio of 1.04. The stock has a market capitalization of $27.72 billion, a P/E ratio of 7.21, a PEG ratio of 1.20 and a beta of 1.21.

LyondellBasell Industries (NYSE:LYB – Get Rating) last posted its earnings results on Friday, February 3rd. The specialty chemicals company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.20. LyondellBasell Industries had a net margin of 7.71% and a return on equity of 32.96%. The company had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $10.73 billion. During the same quarter in the prior year, the company posted $3.63 earnings per share. LyondellBasell Industries’s revenue for the quarter was down 20.5% compared to the same quarter last year. On average, sell-side analysts anticipate that LyondellBasell Industries will post 9.01 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 13th. Shareholders of record on Monday, March 6th were given a $1.19 dividend. The ex-dividend date was Friday, March 3rd. This represents a $4.76 dividend on an annualized basis and a yield of 5.60%. LyondellBasell Industries’s payout ratio is currently 40.34%.

Wall Street Analyst Weigh In

Several brokerages recently commented on LYB. UBS Group boosted their price target on shares of LyondellBasell Industries from $81.00 to $91.00 and gave the stock a “neutral” rating in a report on Wednesday, January 11th. Piper Sandler boosted their price target on shares of LyondellBasell Industries from $95.00 to $104.00 and gave the stock a “neutral” rating in a report on Monday, February 13th. BMO Capital Markets lifted their target price on shares of LyondellBasell Industries from $99.00 to $102.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 8th. Mizuho lifted their target price on shares of LyondellBasell Industries from $89.00 to $91.00 and gave the stock a “neutral” rating in a research note on Monday, February 6th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $130.00 target price on shares of LyondellBasell Industries in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $98.95.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, EVP Jeffrey A. Kaplan sold 10,000 shares of the company’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $98.99, for a total value of $989,900.00. Following the transaction, the executive vice president now owns 47,600 shares of the company’s stock, valued at $4,711,924. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is currently owned by corporate insiders.

LyondellBasell Industries Company Profile

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LyondellBasell Industries NV engages in the refinery and production of plastic resins and other chemicals. It operates through the following segments: Olefins and Polyolefins-Americas; Olefins and Polyolefins-Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.