LyondellBasell Industries (NYSE:LYB) Shares Acquired by Keynote Financial Services LLC

Keynote Financial Services LLC increased its stake in shares of LyondellBasell Industries (NYSE:LYB) by 94.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 11,441 shares of the specialty chemicals company’s stock after purchasing an additional 5,556 shares during the quarter. Keynote Financial Services LLC’s holdings in LyondellBasell Industries were worth $850,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Webster Bank N. A. grew its holdings in shares of LyondellBasell Industries by 70.4% during the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 143 shares during the last quarter. Rosenberg Matthew Hamilton lifted its holdings in shares of LyondellBasell Industries by 268.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock valued at $30,000 after purchasing an additional 295 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of LyondellBasell Industries in the 3rd quarter valued at about $31,000. Pinnacle Bancorp Inc. purchased a new position in LyondellBasell Industries during the 4th quarter worth approximately $59,000. Finally, Brooklyn Investment Group acquired a new position in LyondellBasell Industries during the third quarter worth approximately $60,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on LYB shares. Wells Fargo & Company decreased their price objective on LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Piper Sandler decreased 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 note on Thursday, February 13th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. Mizuho decreased their target price on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a research note on Monday, December 9th. Finally, Barclays dropped their price target on LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $88.25.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan acquired 5,000 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of $76.06 per share, with a total value of $380,300.00. Following the purchase, the director now directly owns 18,175 shares in the company, valued at approximately $1,382,390.50. This trade represents a 37.95 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.11% of the company’s stock.

LyondellBasell Industries Trading Up 1.0 %

Shares of LYB stock opened at $76.77 on Friday. The business’s fifty day moving average price is $75.92 and its 200 day moving average price is $84.44. The firm has a market capitalization of $24.93 billion, a PE ratio of 18.54, a P/E/G ratio of 0.97 and a beta of 1.05. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. LyondellBasell Industries has a 1-year low of $72.21 and a 1-year high of $107.02.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share 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 quarter last year, the firm earned $1.26 EPS. As a group, sell-side analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a dividend of $1.34 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $5.36 annualized dividend and a yield of 6.98%. LyondellBasell Industries’s dividend payout ratio is presently 129.47%.

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.