LyondellBasell Industries (NYSE:LYB) Shares Bought by NewSquare Capital LLC

NewSquare Capital LLC raised its holdings in LyondellBasell Industries (NYSE:LYB) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 68,157 shares of the specialty chemicals company’s stock after purchasing an additional 1,842 shares during the period. NewSquare Capital LLC’s holdings in LyondellBasell Industries were worth $6,391,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Valley National Advisers Inc. acquired a new stake in LyondellBasell Industries in the 3rd quarter valued at $25,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of LyondellBasell Industries during the 3rd quarter worth about $26,000. FSC Wealth Advisors LLC purchased a new position in LyondellBasell Industries in the 3rd quarter valued at about $26,000. Venturi Wealth Management LLC boosted its holdings 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 worth $29,000 after buying an additional 242 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. increased its stake in LyondellBasell Industries by 133.9% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 393 shares of the specialty chemicals company’s stock worth $37,000 after buying an additional 225 shares in the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Trading Down 0.0 %

LYB traded down $0.04 on Tuesday, hitting $100.55. The company had a trading volume of 1,093,910 shares, compared to its average volume of 1,929,701. The company’s fifty day moving average price is $100.50 and its 200 day moving average price is $96.29. LyondellBasell Industries has a 1 year low of $84.80 and a 1 year high of $106.69. The company has a current ratio of 1.84, a quick ratio of 1.17 and a debt-to-equity ratio of 0.80. The firm has a market cap of $32.72 billion, a P/E ratio of 15.55, a PEG ratio of 1.24 and a beta of 1.19.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, February 2nd. The specialty chemicals company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.07). The company had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.85 billion. LyondellBasell Industries had a net margin of 5.16% and a return on equity of 21.89%. LyondellBasell Industries’s revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.29 earnings per share. As a group, equities analysts expect that LyondellBasell Industries will post 8.63 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 11th. Shareholders of record on Monday, March 4th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date was Friday, March 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is 77.28%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on LYB shares. JPMorgan Chase & Co. lifted their price target on LyondellBasell Industries from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. Barclays lifted their target price on shares of LyondellBasell Industries from $98.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. Citigroup increased their target price on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a research report on Wednesday, January 10th. Finally, Vertical Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, LyondellBasell Industries presently has a consensus rating of “Hold” and a consensus price target of $103.82.

Insider Transactions at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan sold 18,111 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $100.46, for a total value of $1,819,431.06. Following the sale, the director now owns 12,276 shares in the company, valued at approximately $1,233,246.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other LyondellBasell Industries news, EVP Kenneth Todd Lane sold 9,489 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $98.92, for a total value of $938,651.88. Following the completion of the transaction, the executive vice president now owns 89,445 shares of the company’s stock, valued at approximately $8,847,899.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robin W.T. Buchanan sold 18,111 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $100.46, for a total value of $1,819,431.06. Following the completion of the sale, the director now owns 12,276 shares in the company, valued at $1,233,246.96. The disclosure for this sale can be found here. Insiders sold a total of 80,853 shares of company stock worth $8,077,267 over the last ninety days. Company insiders own 0.11% of the company’s stock.

About LyondellBasell Industries

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.