Centennial Wealth Advisory LLC Has $374,000 Position in LyondellBasell Industries (NYSE:LYB)

Centennial Wealth Advisory LLC increased its stake in shares of LyondellBasell Industries (NYSE:LYB) by 20.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,042 shares of the specialty chemicals company’s stock after acquiring an additional 861 shares during the period. Centennial Wealth Advisory LLC’s holdings in LyondellBasell Industries were worth $374,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Tyche Wealth Partners LLC raised its holdings in LyondellBasell Industries by 39.1% during the fourth quarter. Tyche Wealth Partners LLC now owns 3,206 shares of the specialty chemicals company’s stock worth $238,000 after acquiring an additional 902 shares in the last quarter. Martin Capital Partners LLC bought a new stake in LyondellBasell Industries during the fourth quarter worth about $1,161,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in LyondellBasell Industries by 20.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 220,285 shares of the specialty chemicals company’s stock worth $16,323,000 after acquiring an additional 37,573 shares in the last quarter. Y.D. More Investments Ltd raised its holdings in LyondellBasell Industries by 14.9% during the fourth quarter. Y.D. More Investments Ltd now owns 1,497 shares of the specialty chemicals company’s stock worth $111,000 after acquiring an additional 194 shares in the last quarter. Finally, Yousif Capital Management LLC raised its holdings in LyondellBasell Industries by 4.4% during the fourth quarter. Yousif Capital Management LLC now owns 48,786 shares of the specialty chemicals company’s stock worth $3,623,000 after acquiring an additional 2,068 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on LYB shares. Mizuho dropped their price objective on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research note on Monday, December 9th. Barclays dropped their price objective on LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Monday. Royal Bank of Canada upped their price objective on LyondellBasell Industries from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday. UBS Group dropped their price objective on LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, LyondellBasell Industries presently has an average rating of “Hold” and an average price target of $89.17.

Insider Buying and Selling

In other LyondellBasell Industries news, Director Robin W.T. Buchanan bought 5,000 shares of LyondellBasell Industries stock in a transaction on Friday, December 13th. The shares were purchased at an average price of $76.06 per share, with a total value of $380,300.00. Following the acquisition, the director now owns 18,175 shares in the company, valued at $1,382,390.50. This trade represents a 37.95 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is currently owned by company insiders.

LyondellBasell Industries Trading Down 1.6 %

Shares of NYSE:LYB opened at $77.00 on Thursday. The company has a market capitalization of $25.01 billion, a P/E ratio of 18.60, a P/E/G ratio of 5.11 and a beta of 1.05. LyondellBasell Industries has a 1 year low of $72.21 and a 1 year high of $107.02. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. The business’s 50 day simple moving average is $76.23 and its 200 day simple moving average is $86.83.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.53). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. During the same period last year, the company posted $1.26 EPS. On average, research analysts anticipate that LyondellBasell Industries will post 7.4 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were given a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 6.96%. The ex-dividend date of this dividend was Monday, December 2nd. LyondellBasell Industries’s dividend payout ratio is currently 129.47%.

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.