Stokes Family Office LLC Takes $211,000 Position in LyondellBasell Industries (NYSE:LYB)

Stokes Family Office LLC bought a new position in LyondellBasell Industries (NYSE:LYB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,216 shares of the specialty chemicals company’s stock, valued at approximately $211,000.

Other hedge funds also recently made changes to their positions in the company. Valley National Advisers Inc. acquired a new position in LyondellBasell Industries in the third quarter worth approximately $25,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of LyondellBasell Industries in the 3rd quarter valued at $26,000. McIlrath & Eck LLC raised its holdings in LyondellBasell Industries by 100.7% in the 4th quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock worth $27,000 after acquiring an additional 141 shares during the period. Venturi Wealth Management LLC raised 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 acquiring an additional 242 shares during the period. Finally, Webster Bank N. A. increased its holdings in shares of LyondellBasell Industries by 7,050.0% during the 4th quarter. Webster Bank N. A. now owns 429 shares of the specialty chemicals company’s stock worth $41,000 after purchasing an additional 423 shares during the period. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Trading Up 0.3 %

Shares of NYSE LYB traded up $0.34 during mid-day trading on Friday, hitting $99.12. The stock had a trading volume of 1,506,977 shares, compared to its average volume of 1,611,830. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.32 and a current ratio of 2.12. LyondellBasell Industries has a 1 year low of $84.80 and a 1 year high of $106.69. The business has a 50 day moving average price of $101.08 and a two-hundred day moving average price of $96.67. The firm has a market cap of $32.28 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 1.42 and a beta of 1.18.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share 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 business had revenue of $9.93 billion for the quarter, compared to analysts’ expectations of $9.70 billion. During the same quarter in the previous year, the business posted $2.50 earnings per share. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, equities analysts anticipate that LyondellBasell Industries will post 8.5 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date of this dividend was Friday, March 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is 77.28%.

Insiders Place Their Bets

In related news, EVP Kenneth Todd Lane sold 9,489 shares of the 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 sale, the executive vice president now directly owns 89,445 shares of the company’s stock, valued at approximately $8,847,899.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Kenneth Todd Lane sold 9,489 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $98.92, for a total transaction of $938,651.88. Following the completion of the transaction, the executive vice president now directly owns 89,445 shares in the company, valued at approximately $8,847,899.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robin W.T. Buchanan sold 18,111 shares of the stock in a transaction that occurred 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 transaction, the director now owns 12,276 shares of the company’s stock, valued at $1,233,246.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 80,853 shares of company stock valued at $8,077,267. 0.11% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Citigroup lifted their price objective on LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. BMO Capital Markets increased their target price on shares of LyondellBasell Industries from $99.00 to $105.00 and gave the stock a “market perform” rating in a report on Tuesday. JPMorgan Chase & Co. increased their price target on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, March 22nd. Royal Bank of Canada increased their price objective on shares of LyondellBasell Industries from $107.00 to $113.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. Finally, Mizuho raised their price target on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, LyondellBasell Industries presently has a consensus rating of “Hold” and an average target price of $104.75.

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.