LyondellBasell Industries (NYSE:LYB) Shares Purchased by Ridgewood Investments LLC

Ridgewood Investments LLC boosted its holdings in LyondellBasell Industries (NYSE:LYB) by 20.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,503 shares of the specialty chemicals company’s stock after buying an additional 2,771 shares during the quarter. Ridgewood Investments LLC’s holdings in LyondellBasell Industries were worth $1,226,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC boosted its stake in shares of LyondellBasell Industries by 13.8% during the 2nd quarter. Private Advisor Group LLC now owns 13,326 shares of the specialty chemicals company’s stock valued at $1,275,000 after buying an additional 1,615 shares during the period. Savant Capital LLC raised its holdings in shares of LyondellBasell Industries by 216.9% during the 2nd quarter. Savant Capital LLC now owns 10,521 shares of the specialty chemicals company’s stock valued at $1,006,000 after purchasing an additional 7,201 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of LyondellBasell Industries by 5,207.9% during the 2nd quarter. Acadian Asset Management LLC now owns 11,412 shares of the specialty chemicals company’s stock valued at $1,090,000 after purchasing an additional 11,197 shares in the last quarter. Caprock Group LLC bought a new position in shares of LyondellBasell Industries during the 2nd quarter valued at $281,000. Finally, Ballentine Partners LLC raised its holdings in shares of LyondellBasell Industries by 6.6% during the 2nd quarter. Ballentine Partners LLC now owns 3,375 shares of the specialty chemicals company’s stock valued at $323,000 after purchasing an additional 209 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Royal Bank of Canada cut their price target on shares of LyondellBasell Industries from $104.00 to $92.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Wells Fargo & Company dropped their target price on shares of LyondellBasell Industries from $105.00 to $95.00 and set an “overweight” rating on the stock in a report on Tuesday, December 10th. JPMorgan Chase & Co. dropped their target price on shares of LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. Mizuho dropped their price objective on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. Finally, Piper Sandler reiterated a “neutral” rating and set a $95.00 target price (down from $112.00) on shares of LyondellBasell Industries in a research report on Tuesday. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, LyondellBasell Industries has a consensus rating of “Hold” and a consensus target price of $94.73.

Insider Buying and Selling at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan purchased 5,000 shares of LyondellBasell Industries stock in a transaction dated Friday, December 13th. The stock was bought at an average price 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 $1,382,390.50. This represents a 37.95 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.11% of the company’s stock.

LyondellBasell Industries Trading Down 0.8 %

Shares of LYB traded down $0.55 on Friday, reaching $72.48. 1,467,555 shares of the company’s stock were exchanged, compared to its average volume of 2,609,651. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $23.54 billion, a P/E ratio of 11.03, a price-to-earnings-growth ratio of 2.13 and a beta of 1.06. The business has a 50 day moving average price of $78.87 and a two-hundred day moving average price of $89.31. LyondellBasell Industries has a 12 month low of $72.21 and a 12 month high of $107.02.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The business had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same period last year, the firm earned $2.46 earnings per share. The company’s quarterly revenue was down 2.8% on a year-over-year basis. Research analysts anticipate that LyondellBasell Industries will post 7.02 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were paid a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 7.40%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries’s payout ratio is presently 81.58%.

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.