Planned Solutions Inc. Takes $95,000 Position in LyondellBasell Industries (NYSE:LYB)

Planned Solutions Inc. purchased a new stake in LyondellBasell Industries (NYSE:LYB) in the fourth quarter, HoldingsChannel reports. The fund purchased 1,000 shares of the specialty chemicals company’s stock, valued at approximately $95,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in LyondellBasell Industries by 250.7% during the first quarter. JPMorgan Chase & Co. now owns 4,331,930 shares of the specialty chemicals company’s stock worth $406,726,000 after buying an additional 3,096,710 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in LyondellBasell Industries by 205.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,454,483 shares of the specialty chemicals company’s stock valued at $458,010,000 after purchasing an additional 2,995,335 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of LyondellBasell Industries by 170.5% in the 4th quarter. Alliancebernstein L.P. now owns 3,331,033 shares of the specialty chemicals company’s stock worth $276,576,000 after buying an additional 2,099,644 shares in the last quarter. Barclays PLC grew its position in LyondellBasell Industries by 490.9% in the second quarter. Barclays PLC now owns 1,464,618 shares of the specialty chemicals company’s stock valued at $134,495,000 after acquiring an additional 1,216,737 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in shares of LyondellBasell Industries by 35.5% in the 4th quarter. Pacer Advisors Inc. now owns 3,571,985 shares of the specialty chemicals company’s stock valued at $339,624,000 after purchasing an additional 935,430 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 target price on the stock. in a report on Wednesday, January 10th. Vertical Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. Barclays cut their target price on shares of LyondellBasell Industries from $102.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Monday, February 5th. Citigroup lowered shares of LyondellBasell Industries from a “buy” rating to a “neutral” rating and cut their price objective for the company from $105.00 to $98.00 in a report on Wednesday, December 13th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $107.00 target price on shares of LyondellBasell Industries in a report on Monday, February 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, LyondellBasell Industries currently has an average rating of “Hold” and an average price target of $101.33.

LyondellBasell Industries Stock Performance

Shares of LYB stock opened at $102.95 on Thursday. LyondellBasell Industries has a 12 month low of $84.80 and a 12 month high of $102.98. The company’s fifty day simple moving average is $97.46 and its 200-day simple moving average is $95.48. The firm has a market cap of $33.41 billion, a PE ratio of 15.91, a P/E/G ratio of 1.22 and a beta of 1.19. The company has a quick ratio of 1.17, a current ratio of 1.84 and a debt-to-equity ratio of 0.80.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, February 2nd. The specialty chemicals company reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.07). The business had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.85 billion. LyondellBasell Industries had a return on equity of 21.89% and a net margin of 5.16%. The company’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.29 earnings per share. Equities research analysts expect that LyondellBasell Industries will post 8.81 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently announced 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 4.86%. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 77.28%.

Insiders Place Their Bets

In other news, 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 transaction of $2,899,224.51. Following the completion of the transaction, the executive vice president now directly owns 91,758 shares in the company, valued at approximately $9,101,476.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Kenneth Todd Lane sold 29,229 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $99.19, for a total transaction 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 approximately $9,101,476.02. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robin W.T. Buchanan sold 18,111 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the completion of the transaction, the director now owns 12,276 shares in the company, valued at approximately $1,233,246.96. 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 90 days. 0.12% of the stock is currently owned by insiders.

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.