Jeppson Wealth Management LLC Has $288,000 Position in LyondellBasell Industries (NYSE:LYB)

Jeppson Wealth Management LLC trimmed its position in LyondellBasell Industries (NYSE:LYB) by 38.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,883 shares of the specialty chemicals company’s stock after selling 2,415 shares during the period. Jeppson Wealth Management LLC’s holdings in LyondellBasell Industries were worth $288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board grew its stake in shares of LyondellBasell Industries by 80.4% in the second quarter. Public Sector Pension Investment Board now owns 9,479 shares of the specialty chemicals company’s stock valued at $907,000 after acquiring an additional 4,225 shares in the last quarter. MBB Public Markets I LLC acquired a new position in shares of LyondellBasell Industries during the 2nd quarter worth approximately $1,814,000. Susquehanna Fundamental Investments LLC bought a new position in shares of LyondellBasell Industries during the second quarter worth approximately $1,254,000. Creative Planning raised its position in shares of LyondellBasell Industries by 12.6% in the second quarter. Creative Planning now owns 35,860 shares of the specialty chemicals company’s stock valued at $3,430,000 after buying an additional 4,006 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of LyondellBasell Industries by 28.9% in the second quarter. NewEdge Advisors LLC now owns 36,960 shares of the specialty chemicals company’s stock valued at $3,536,000 after buying an additional 8,286 shares during the period. 71.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. StockNews.com lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research report on Monday, November 4th. Barclays decreased their target price on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. The Goldman Sachs Group cut their price target on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a report on Thursday, December 12th. Finally, Royal Bank of Canada decreased their price objective on shares of LyondellBasell Industries from $104.00 to $92.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $94.33.

Insider Buying and Selling

In related news, Director Robin W.T. Buchanan bought 5,000 shares of LyondellBasell Industries stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the acquisition, 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 document filed with the SEC, which is available at the SEC website. 0.11% of the stock is owned by corporate insiders.

LyondellBasell Industries Trading Up 1.7 %

Shares of LYB stock opened at $78.71 on Tuesday. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $25.56 billion, a P/E ratio of 11.98, a P/E/G ratio of 5.07 and a beta of 1.06. LyondellBasell Industries has a twelve month low of $72.21 and a twelve month high of $107.02. The stock’s fifty day simple moving average is $77.02 and its 200 day simple moving average is $87.79.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.10). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The firm had revenue of $10.33 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same period in the prior year, the company earned $2.46 EPS. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. As a group, sell-side analysts predict that LyondellBasell Industries will post 6.48 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were paid a $1.34 dividend. The ex-dividend date was Monday, December 2nd. This represents a $5.36 annualized dividend and a dividend yield of 6.81%. LyondellBasell Industries’s dividend payout ratio is 81.58%.

LyondellBasell Industries Company 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.