First Trust Direct Indexing L.P. Increases Stock Holdings in LyondellBasell Industries (NYSE:LYB)

First Trust Direct Indexing L.P. boosted its stake in LyondellBasell Industries (NYSE:LYB) by 21.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,425 shares of the specialty chemicals company’s stock after acquiring an additional 1,474 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in LyondellBasell Industries were worth $801,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LYB. Valley National Advisers Inc. acquired a new stake in shares of LyondellBasell Industries during the third quarter valued at about $25,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in LyondellBasell Industries in the third quarter valued at about $26,000. Venturi Wealth Management LLC grew its stake in LyondellBasell Industries by 410.2% during the 4th quarter. Venturi Wealth Management LLC now owns 301 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 242 shares in the last quarter. Webster Bank N. A. increased its holdings in LyondellBasell Industries by 7,050.0% during the 4th quarter. Webster Bank N. A. now owns 429 shares of the specialty chemicals company’s stock worth $41,000 after purchasing an additional 423 shares during the last quarter. Finally, Bruce G. Allen Investments LLC acquired a new position in shares of LyondellBasell Industries in the 4th quarter valued at approximately $45,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Trading Up 0.3 %

NYSE:LYB opened at $99.12 on Friday. The firm has a market capitalization of $32.28 billion, a P/E ratio of 15.32, a P/E/G ratio of 1.43 and a beta of 1.18. The business has a 50 day simple moving average of $101.07 and a 200 day simple moving average of $96.71. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.12 and a quick ratio of 1.32. LyondellBasell Industries has a 12-month low of $84.80 and a 12-month high of $106.69.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.17. The company 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 company’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 company posted $2.50 earnings per share. Equities research analysts predict 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. This represents a $5.00 annualized dividend and a yield of 5.04%. The ex-dividend date of this dividend was Friday, March 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is 77.28%.

Analysts Set New Price Targets

LYB has been the subject of a number of recent analyst reports. Mizuho raised their price target on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Royal Bank of Canada raised their price objective on shares of LyondellBasell Industries from $107.00 to $113.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. Citigroup upped their target price on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. BMO Capital Markets lifted their price target on LyondellBasell Industries from $99.00 to $105.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 30th. Finally, Wells Fargo & Company upped their price objective on LyondellBasell Industries from $105.00 to $117.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $104.75.

Insiders Place Their Bets

In other news, CFO Michael C. Mcmurray sold 16,940 shares of LyondellBasell Industries stock in a transaction that occurred on 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 sale, the chief financial officer now owns 88,858 shares of the company’s stock, valued at $8,960,440.72. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Kenneth Todd Lane sold 9,489 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $98.92, for a total value of $938,651.88. Following the completion of the sale, the executive vice president now owns 89,445 shares of the company’s stock, valued at $8,847,899.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael C. Mcmurray sold 16,940 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $100.84, for a total transaction of $1,708,229.60. Following the transaction, the chief financial officer now directly owns 88,858 shares in the company, valued at approximately $8,960,440.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 80,853 shares of company stock worth $8,077,267. 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.