LyondellBasell Industries (NYSE:LYB) Shares Bought by Verity & Verity LLC

Verity & Verity LLC grew its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 74.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 234,702 shares of the specialty chemicals company’s stock after purchasing an additional 100,091 shares during the period. LyondellBasell Industries makes up approximately 1.6% of Verity & Verity LLC’s investment portfolio, making the stock its 22nd largest holding. Verity & Verity LLC owned 0.07% of LyondellBasell Industries worth $17,431,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of LYB. Brooklyn Investment Group lifted its position in LyondellBasell Industries by 86.0% in the fourth quarter. Brooklyn Investment Group now owns 1,166 shares of the specialty chemicals company’s stock worth $86,000 after purchasing an additional 539 shares during the period. Merit Financial Group LLC bought a new stake in shares of LyondellBasell Industries in the 4th quarter worth $534,000. Wedge Capital Management L L P NC lifted its holdings in shares of LyondellBasell Industries by 9.9% in the fourth quarter. Wedge Capital Management L L P NC now owns 82,865 shares of the specialty chemicals company’s stock valued at $6,154,000 after buying an additional 7,474 shares during the period. Ritholtz Wealth Management boosted its stake in LyondellBasell Industries by 28.2% during the fourth quarter. Ritholtz Wealth Management now owns 5,130 shares of the specialty chemicals company’s stock valued at $381,000 after buying an additional 1,128 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in LyondellBasell Industries by 26.4% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 18,973 shares of the specialty chemicals company’s stock worth $1,409,000 after acquiring an additional 3,958 shares during the period. 71.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other LyondellBasell Industries news, Director Robin W.T. Buchanan bought 5,000 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was bought at an average cost of $76.06 per share, with a total value of $380,300.00. Following the completion of the transaction, the director now directly owns 18,175 shares of the company’s stock, valued at approximately $1,382,390.50. The trade was a 37.95 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is owned by corporate insiders.

LyondellBasell Industries Trading Up 0.9 %

Shares of NYSE LYB opened at $77.35 on Friday. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81. LyondellBasell Industries has a one year low of $72.21 and a one year high of $107.02. The business has a 50-day moving average price of $77.79 and a two-hundred day moving average price of $88.58. The firm has a market capitalization of $25.12 billion, a PE ratio of 11.77, a PEG ratio of 1.74 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.10). The company had revenue of $10.33 billion for the quarter, compared to analyst estimates of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.46 earnings per share. As a group, analysts predict that LyondellBasell Industries will post 6.8 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.93%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 81.58%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LYB. Barclays reduced their price objective on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Piper Sandler restated a “neutral” rating and set a $95.00 target price (down from $112.00) on shares of LyondellBasell Industries in a report on Tuesday, January 7th. Mizuho dropped their price target on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. Royal Bank of Canada reduced their price objective on LyondellBasell Industries from $104.00 to $92.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. Finally, StockNews.com lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, LyondellBasell Industries has a consensus rating of “Hold” and an average price target of $94.33.

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.