Kingswood Wealth Advisors LLC Purchases New Stake in LyondellBasell Industries (NYSE:LYB)

Kingswood Wealth Advisors LLC acquired a new stake in LyondellBasell Industries (NYSE:LYB) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,296 shares of the specialty chemicals company’s stock, valued at approximately $408,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LYB. Blair William & Co. IL grew its holdings in LyondellBasell Industries by 1.0% in 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 buying an additional 107 shares in the last quarter. Sei Investments Co. grew its holdings in LyondellBasell Industries by 26.2% in the 1st quarter. Sei Investments Co. now owns 41,362 shares of the specialty chemicals company’s stock valued at $4,349,000 after buying an additional 8,596 shares in the last quarter. Prudential PLC acquired a new position in LyondellBasell Industries in the 1st quarter valued at $731,000. Cetera Investment Advisers grew its holdings in LyondellBasell Industries by 29.0% in the 1st quarter. Cetera Investment Advisers now owns 7,488 shares of the specialty chemicals company’s stock valued at $770,000 after buying an additional 1,684 shares in the last quarter. Finally, Moors & Cabot Inc. grew its holdings in LyondellBasell Industries by 20.2% in the 1st quarter. Moors & Cabot Inc. now owns 6,268 shares of the specialty chemicals company’s stock valued at $644,000 after buying an additional 1,053 shares in the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at LyondellBasell Industries

In other news, CFO Michael C. Mcmurray sold 16,940 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $100.84, for a total transaction of $1,708,229.60. Following the completion of the transaction, the chief financial officer now directly owns 88,858 shares in the company, valued at $8,960,440.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Michael C. Mcmurray sold 16,940 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $100.84, for a total transaction of $1,708,229.60. Following the completion of the transaction, the chief financial officer now directly owns 88,858 shares in the company, valued at $8,960,440.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kenneth Todd Lane sold 9,489 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $98.92, for a total value of $938,651.88. Following the transaction, the executive vice president now owns 89,445 shares of the company’s stock, valued at $8,847,899.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 80,853 shares of company stock worth $8,077,267. 0.12% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

LYB has been the topic of a number of research reports. Vertical Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. Barclays reduced their target price on LyondellBasell Industries from $102.00 to $98.00 and set an “equal weight” rating on the stock in a report on Monday, February 5th. Deutsche Bank Aktiengesellschaft lowered LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 target price on the stock. in a report on Wednesday, January 10th. Citigroup lowered LyondellBasell Industries from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $105.00 to $98.00 in a report on Wednesday, December 13th. Finally, Wolfe Research began coverage on LyondellBasell Industries in a report on Friday, March 1st. They set an “underperform” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $101.33.

LyondellBasell Industries Price Performance

Shares of LYB stock opened at $102.95 on Thursday. The company has a quick ratio of 1.17, a current ratio of 1.84 and a debt-to-equity ratio of 0.80. LyondellBasell Industries has a twelve month low of $84.80 and a twelve month high of $102.98. The company has a market cap of $33.41 billion, a P/E ratio of 15.91, a P/E/G ratio of 1.22 and a beta of 1.19. The business has a fifty day simple moving average of $97.46 and a 200 day simple moving average of $95.48.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, February 2nd. The specialty chemicals company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.07). The firm had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.85 billion. LyondellBasell Industries had a net margin of 5.16% and a return on equity of 21.89%. LyondellBasell Industries’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.29 earnings per share. On average, sell-side analysts forecast that LyondellBasell Industries will post 8.81 EPS 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. The ex-dividend date was Friday, March 1st. This represents a $5.00 annualized dividend and a yield of 4.86%. LyondellBasell Industries’s dividend payout ratio is presently 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.