Marco Investment Management LLC Raises Holdings in LyondellBasell Industries (NYSE:LYB)

Marco Investment Management LLC grew its position in shares of LyondellBasell Industries (NYSE:LYB) by 0.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 202,180 shares of the specialty chemicals company’s stock after buying an additional 250 shares during the period. LyondellBasell Industries accounts for 2.0% of Marco Investment Management LLC’s investment portfolio, making the stock its 14th largest position. Marco Investment Management LLC owned about 0.06% of LyondellBasell Industries worth $19,223,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in LYB. Czech National Bank lifted its holdings in LyondellBasell Industries by 49.0% during the 3rd quarter. Czech National Bank now owns 44,763 shares of the specialty chemicals company’s stock worth $4,239,000 after purchasing an additional 14,712 shares in the last quarter. Ballentine Partners LLC purchased a new stake in LyondellBasell Industries during the 3rd quarter worth about $228,000. Valeo Financial Advisors LLC lifted its holdings in LyondellBasell Industries by 6.8% during the 3rd quarter. Valeo Financial Advisors LLC now owns 5,701 shares of the specialty chemicals company’s stock worth $540,000 after purchasing an additional 365 shares in the last quarter. Golden State Equity Partners lifted its holdings in LyondellBasell Industries by 11.2% during the 3rd quarter. Golden State Equity Partners now owns 5,877 shares of the specialty chemicals company’s stock worth $557,000 after purchasing an additional 594 shares in the last quarter. Finally, My Legacy Advisors LLC lifted its holdings in LyondellBasell Industries by 7.0% during the 3rd quarter. My Legacy Advisors LLC now owns 9,129 shares of the specialty chemicals company’s stock worth $847,000 after purchasing an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

Shares of LyondellBasell Industries stock traded up $2.45 during trading on Friday, hitting $102.13. 2,651,865 shares of the stock traded hands, compared to its average volume of 1,436,825. The company has a quick ratio of 1.17, a current ratio of 1.84 and a debt-to-equity ratio of 0.80. The stock has a market cap of $33.24 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 1.25 and a beta of 1.19. The firm’s fifty day moving average is $100.87 and its 200-day moving average is $96.52. LyondellBasell Industries has a 52 week low of $84.80 and a 52 week high of $106.69.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly 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 21.89% and a net margin of 5.16%. The business had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.70 billion. During the same period last year, the company earned $2.50 EPS. LyondellBasell Industries’s revenue for the quarter was down 3.1% compared to the same quarter last year. Research analysts expect that LyondellBasell Industries will post 8.69 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors 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 annualized dividend and a yield of 4.90%. LyondellBasell Industries’s payout ratio is 77.28%.

Insider Buying and Selling

In related news, Director Robin W.T. Buchanan sold 18,111 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the transaction, the director now directly owns 12,276 shares in the company, valued at approximately $1,233,246.96. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Robin W.T. Buchanan sold 18,111 shares of LyondellBasell Industries stock in a transaction that occurred 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 directly owns 12,276 shares in the company, valued at approximately $1,233,246.96. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Kenneth Todd Lane sold 29,229 shares of LyondellBasell Industries stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $99.19, for a total value of $2,899,224.51. Following the completion of the sale, the executive vice president now owns 91,758 shares in the company, valued at $9,101,476.02. The disclosure for this sale can be found here. Insiders have sold a total of 80,853 shares of company stock worth $8,077,267 in the last ninety days. 0.11% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LYB. Barclays upped their target price 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. Royal Bank of Canada restated an “outperform” rating and issued a $107.00 target price on shares of LyondellBasell Industries in a research note on Monday, February 5th. Deutsche Bank Aktiengesellschaft lowered LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 target price on the stock. in a research note on Wednesday, January 10th. Citigroup upped their target price on LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. Finally, Wolfe Research began coverage on LyondellBasell Industries in a research note on Friday, March 1st. They issued an “underperform” rating on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $103.82.

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.