Intrepid Capital Management Inc. Increases Stake in LyondellBasell Industries (NYSE:LYB)

Intrepid Capital Management Inc. lifted its stake in LyondellBasell Industries (NYSE:LYB) by 18.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,397 shares of the specialty chemicals company’s stock after buying an additional 697 shares during the quarter. Intrepid Capital Management Inc.’s holdings in LyondellBasell Industries were worth $327,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of LYB. State Street Corp increased its holdings in LyondellBasell Industries by 1.9% in the 3rd quarter. State Street Corp now owns 12,202,118 shares of the specialty chemicals company’s stock valued at $1,170,183,000 after acquiring an additional 230,327 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of LyondellBasell Industries by 7.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,582,119 shares of the specialty chemicals company’s stock worth $637,394,000 after purchasing an additional 558,137 shares during the last quarter. Geode Capital Management LLC boosted its stake in LyondellBasell Industries by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 6,804,205 shares of the specialty chemicals company’s stock valued at $512,913,000 after buying an additional 199,054 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in LyondellBasell Industries by 3.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company’s stock valued at $501,501,000 after buying an additional 187,150 shares in the last quarter. Finally, Amundi raised its holdings in shares of LyondellBasell Industries by 48.6% during the 4th quarter. Amundi now owns 3,858,033 shares of the specialty chemicals company’s stock worth $283,452,000 after acquiring an additional 1,260,913 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LYB. JPMorgan Chase & Co. cut their target price on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Morgan Stanley dropped their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. StockNews.com cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. UBS Group dropped their price target on LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group reduced their price objective on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, LyondellBasell Industries presently has an average rating of “Hold” and an average target price of $87.58.

LyondellBasell Industries Stock Performance

LYB stock opened at $70.03 on Wednesday. LyondellBasell Industries has a twelve month low of $69.12 and a twelve month high of $107.02. The firm has a market cap of $22.65 billion, a price-to-earnings ratio of 16.91, a PEG ratio of 0.97 and a beta of 1.06. The business’s fifty day simple moving average is $75.29 and its two-hundred day simple moving average is $80.78. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing the consensus estimate 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 in the previous year, the company posted $1.26 earnings per share. Analysts predict that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a $1.34 dividend. The ex-dividend date was Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.65%. LyondellBasell Industries’s payout ratio is 129.47%.

Insider Activity at LyondellBasell Industries

In other news, Director Michael Sean Hanley bought 3,750 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of $72.05 per share, with a total value of $270,187.50. Following the transaction, the director now directly owns 16,028 shares in the company, valued at approximately $1,154,817.40. This trade represents a 30.54 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.11% of the stock is owned by company 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.