RMR Wealth Builders Boosts Stake in LyondellBasell Industries (NYSE:LYB)

RMR Wealth Builders increased its holdings in LyondellBasell Industries (NYSE:LYB) by 2.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 6,833 shares of the specialty chemicals company’s stock after buying an additional 174 shares during the period. RMR Wealth Builders’ holdings in LyondellBasell Industries were worth $650,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC grew its stake in LyondellBasell Industries by 10.3% in the 3rd quarter. FMR LLC now owns 8,408,551 shares of the specialty chemicals company’s stock valued at $796,290,000 after purchasing an additional 787,221 shares during the period. Morgan Stanley increased its holdings in LyondellBasell Industries by 9.9% during the third quarter. Morgan Stanley now owns 6,305,596 shares of the specialty chemicals company’s stock worth $597,140,000 after buying an additional 569,887 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in LyondellBasell Industries by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,683,892 shares of the specialty chemicals company’s stock worth $540,424,000 after acquiring an additional 33,212 shares during the period. Federated Hermes Inc. boosted its stake in LyondellBasell Industries by 4.0% in the third quarter. Federated Hermes Inc. now owns 5,667,924 shares of the specialty chemicals company’s stock valued at $536,752,000 after acquiring an additional 217,461 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of LyondellBasell Industries by 24.9% during the 3rd quarter. Invesco Ltd. now owns 4,085,474 shares of the specialty chemicals company’s stock valued at $386,894,000 after acquiring an additional 815,083 shares during the period. 71.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on LYB shares. Barclays upped their price objective on LyondellBasell Industries from $100.00 to $104.00 and gave the company an “equal weight” rating in a research note on Monday. Royal Bank of Canada lifted their price objective on LyondellBasell Industries from $107.00 to $113.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. JPMorgan Chase & Co. increased their target price on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, March 22nd. Citigroup boosted their price objective on LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Finally, Mizuho raised their price target on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the company a “neutral” rating in a report on Monday, April 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, LyondellBasell Industries presently has an average rating of “Hold” and a consensus price target of $105.08.

Insider Buying and Selling

In other news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $100.47, for a total transaction of $711,729.48. Following the sale, the chief accounting officer now owns 27,575 shares in the company, valued at approximately $2,770,460.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of LyondellBasell Industries stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $100.47, for a total transaction of $711,729.48. Following the completion of the transaction, the chief accounting officer now directly owns 27,575 shares in the company, valued at $2,770,460.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael C. Mcmurray sold 16,940 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was 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 in the company, valued at $8,960,440.72. The disclosure for this sale can be found here. Insiders have sold a total of 80,853 shares of company stock valued at $8,077,267 over the last ninety days. Company insiders own 0.11% of the company’s stock.

LyondellBasell Industries Trading Up 0.7 %

NYSE LYB traded up $0.73 on Wednesday, hitting $102.18. The company’s stock had a trading volume of 3,123,179 shares, compared to its average volume of 1,944,150. The firm has a market cap of $33.27 billion, a P/E ratio of 15.79, a PEG ratio of 1.43 and a beta of 1.18. The company’s 50-day simple moving average is $101.14 and its 200 day simple moving average is $96.86. LyondellBasell Industries has a 52-week low of $84.80 and a 52-week high of $107.02. The company has a current ratio of 2.12, a quick ratio of 1.32 and a debt-to-equity ratio of 0.85.

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

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, March 4th were paid a $1.25 dividend. The ex-dividend date was Friday, March 1st. This represents a $5.00 annualized dividend and a yield of 4.89%. LyondellBasell Industries’s payout ratio is 77.28%.

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.