Choreo LLC Invests $350,000 in LyondellBasell Industries (NYSE:LYB)

Choreo LLC purchased a new position in LyondellBasell Industries (NYSE:LYB) in the 4th quarter, HoldingsChannel reports. The fund purchased 3,686 shares of the specialty chemicals company’s stock, valued at approximately $350,000.

A number of other hedge funds also recently bought and sold shares of the company. Valley National Advisers Inc. purchased a new position in LyondellBasell Industries in the third quarter worth about $25,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in LyondellBasell Industries in the 3rd quarter worth approximately $26,000. Venturi Wealth Management LLC lifted its position in LyondellBasell Industries by 410.2% in the 4th quarter. Venturi Wealth Management LLC now owns 301 shares of the specialty chemicals company’s stock valued at $29,000 after acquiring an additional 242 shares in the last quarter. Webster Bank N. A. boosted its stake in LyondellBasell Industries by 7,050.0% during the 4th quarter. Webster Bank N. A. now owns 429 shares of the specialty chemicals company’s stock valued at $41,000 after purchasing an additional 423 shares during the last quarter. Finally, Bruce G. Allen Investments LLC bought a new stake in shares of LyondellBasell Industries in the 4th quarter worth $45,000. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Performance

Shares of NYSE LYB opened at $99.12 on Friday. The company has a market cap of $32.28 billion, a P/E ratio of 15.32, a P/E/G ratio of 1.44 and a beta of 1.18. LyondellBasell Industries has a 52-week low of $84.80 and a 52-week high of $106.69. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.32 and a current ratio of 2.12. The firm’s fifty day moving average is $101.08 and its two-hundred day moving average is $96.67.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.17. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The firm had revenue of $9.93 billion for the quarter, compared to analysts’ expectations of $9.70 billion. During the same period in the previous year, the firm posted $2.50 earnings per share. The business’s revenue was down 3.1% compared to the same quarter last year. As a group, analysts anticipate that LyondellBasell Industries will post 8.5 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were given a dividend of $1.25 per share. The ex-dividend date was Friday, March 1st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.04%. LyondellBasell Industries’s dividend payout ratio is currently 77.28%.

Insider Activity at LyondellBasell Industries

In related news, CFO Michael C. Mcmurray sold 16,940 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $100.84, for a total transaction of $1,708,229.60. Following the sale, the chief financial officer now owns 88,858 shares of the company’s stock, valued at $8,960,440.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other LyondellBasell Industries news, EVP Kenneth Todd Lane sold 29,229 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $99.19, for a total transaction of $2,899,224.51. Following the sale, the executive vice president now directly owns 91,758 shares of the company’s stock, valued at $9,101,476.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael C. Mcmurray sold 16,940 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $100.84, for a total value of $1,708,229.60. Following the completion of the sale, the chief financial officer now directly owns 88,858 shares of the company’s stock, valued at $8,960,440.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 80,853 shares of company stock valued at $8,077,267. 0.11% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

LYB has been the topic of a number of research analyst reports. Citigroup upped their price target on LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a report on Wednesday, April 10th. JPMorgan Chase & Co. upped their target price on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, March 22nd. Mizuho lifted their price target on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. Deutsche Bank Aktiengesellschaft boosted their price target on LyondellBasell Industries from $100.00 to $105.00 and gave the company a “hold” rating in a report on Tuesday. Finally, Barclays raised their price objective on LyondellBasell Industries from $98.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $104.75.

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.