Csenge Advisory Group Has $445,000 Holdings in LyondellBasell Industries (NYSE:LYB)

Csenge Advisory Group lowered its position in LyondellBasell Industries (NYSE:LYB) by 2.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,991 shares of the specialty chemicals company’s stock after selling 169 shares during the period. Csenge Advisory Group’s holdings in LyondellBasell Industries were worth $445,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of LYB. Exchange Traded Concepts LLC grew its holdings in LyondellBasell Industries by 1,171.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,132 shares of the specialty chemicals company’s stock worth $109,000 after acquiring an additional 1,043 shares during the period. Blue Trust Inc. boosted its position in shares of LyondellBasell Industries by 369.0% during the 3rd quarter. Blue Trust Inc. now owns 1,407 shares of the specialty chemicals company’s stock valued at $135,000 after purchasing an additional 1,107 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in LyondellBasell Industries by 149.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 64,144 shares of the specialty chemicals company’s stock worth $6,151,000 after purchasing an additional 38,428 shares during the period. Castleview Partners LLC lifted its stake in LyondellBasell Industries by 7.2% in the third quarter. Castleview Partners LLC now owns 2,023 shares of the specialty chemicals company’s stock valued at $194,000 after buying an additional 136 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in shares of LyondellBasell Industries during the 3rd quarter worth approximately $674,000. 71.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on LYB shares. Mizuho dropped their target price on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. Deutsche Bank Aktiengesellschaft decreased their target price on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research report on Monday, November 4th. Morgan Stanley cut their price target on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. JPMorgan Chase & Co. lowered their target price on LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Finally, Piper Sandler reduced their price target on shares of LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $88.25.

LyondellBasell Industries Stock Up 1.9 %

LyondellBasell Industries stock opened at $78.19 on Wednesday. LyondellBasell Industries has a fifty-two week low of $72.21 and a fifty-two week high of $107.02. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. The firm’s 50-day simple moving average is $75.58 and its 200 day simple moving average is $85.52. The stock has a market cap of $25.39 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 0.92 and a beta of 1.05.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.53). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. During the same period in the prior year, the business earned $1.26 earnings per share. Research analysts predict that LyondellBasell Industries will post 6.68 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were paid a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.86%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries’s payout ratio is 129.47%.

Insider Buying and Selling

In related news, Director Robin W.T. Buchanan purchased 5,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were bought 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 of the company’s stock, valued at $1,382,390.50. This trade represents a 37.95 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.11% of the stock is owned by insiders.

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.