Straight Path Wealth Management Purchases 2,000 Shares of LyondellBasell Industries (NYSE:LYB)

Straight Path Wealth Management raised its position in LyondellBasell Industries (NYSE:LYB) by 40.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 7,000 shares of the specialty chemicals company’s stock after acquiring an additional 2,000 shares during the period. Straight Path Wealth Management’s holdings in LyondellBasell Industries were worth $520,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of LYB. Raymond James Financial Inc. acquired a new position in shares of LyondellBasell Industries during the 4th quarter worth approximately $69,115,000. Arizona State Retirement System increased its position in shares of LyondellBasell Industries by 1.2% during the 4th quarter. Arizona State Retirement System now owns 75,537 shares of the specialty chemicals company’s stock worth $5,610,000 after purchasing an additional 906 shares during the last quarter. Aigen Investment Management LP acquired a new position in shares of LyondellBasell Industries during the 4th quarter worth approximately $1,234,000. Proficio Capital Partners LLC acquired a new position in shares of LyondellBasell Industries during the 4th quarter worth approximately $3,760,000. Finally, M&T Bank Corp increased its position in shares of LyondellBasell Industries by 2.4% during the 4th quarter. M&T Bank Corp now owns 19,741 shares of the specialty chemicals company’s stock worth $1,467,000 after purchasing an additional 461 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Performance

Shares of NYSE LYB opened at $76.24 on Thursday. 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 stock’s fifty day moving average price is $75.94 and its two-hundred day moving average price is $83.97. LyondellBasell Industries has a one year low of $72.21 and a one year high of $107.02. The firm has a market cap of $24.66 billion, a price-to-earnings ratio of 18.41, a P/E/G ratio of 0.97 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates 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 last year, the business earned $1.26 earnings per share. On average, equities analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be given a dividend of $1.34 per share. The ex-dividend date is Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.03%. LyondellBasell Industries’s payout ratio is 129.47%.

Insider Activity

In related news, Director Robin W.T. Buchanan bought 5,000 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was purchased at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the transaction, the director now owns 18,175 shares in the company, valued at $1,382,390.50. The trade was a 37.95 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

LYB has been the topic of several recent analyst reports. Royal Bank of Canada boosted their price target on LyondellBasell Industries from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 4th. Morgan Stanley lowered their price target on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. JPMorgan Chase & Co. lowered their price target 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. The Goldman Sachs Group lowered their price target on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. Finally, Wells Fargo & Company decreased their target price on LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, LyondellBasell Industries presently has an average rating of “Hold” and a consensus price target of $88.25.

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.