5,596 Shares in LyondellBasell Industries (NYSE:LYB) Acquired by Bristlecone Advisors LLC

Bristlecone Advisors LLC bought a new position in shares of LyondellBasell Industries (NYSE:LYB - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 5,596 shares of the specialty chemicals company's stock, valued at approximately $416,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Petredis Investment Advisors LLC grew its holdings in shares of LyondellBasell Industries by 0.5% in the 3rd quarter. Petredis Investment Advisors LLC now owns 23,100 shares of the specialty chemicals company's stock worth $2,215,000 after acquiring an additional 116 shares during the period. Castleview Partners LLC grew its holdings in shares of LyondellBasell Industries by 7.2% in the 3rd quarter. Castleview Partners LLC now owns 2,023 shares of the specialty chemicals company's stock worth $194,000 after acquiring an additional 136 shares during the period. Webster Bank N. A. grew its holdings in shares of LyondellBasell Industries by 70.4% in the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock worth $26,000 after acquiring an additional 143 shares during the period. Oliver Luxxe Assets LLC grew its holdings in shares of LyondellBasell Industries by 0.7% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 22,184 shares of the specialty chemicals company's stock worth $2,127,000 after acquiring an additional 146 shares during the period. Finally, Cairn Investment Group Inc. grew its holdings in shares of LyondellBasell Industries by 0.4% in the 4th quarter. Cairn Investment Group Inc. now owns 42,147 shares of the specialty chemicals company's stock worth $3,130,000 after acquiring an additional 155 shares during the period. Institutional investors and hedge funds own 71.20% of the company's stock.

Insider Activity at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan purchased 5,000 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the acquisition, the director now owns 18,175 shares in the company, valued at approximately $1,382,390.50. This trade represents a 37.95 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is owned by insiders.

LyondellBasell Industries Trading Up 0.7 %

Shares of LyondellBasell Industries stock traded up $0.50 during trading hours on Friday, reaching $76.74. 1,481,277 shares of the company's stock were exchanged, compared to its average volume of 2,740,532. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $24.92 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 0.92 and a beta of 1.05. The company has a fifty day moving average of $75.59 and a 200-day moving average of $86.00. LyondellBasell Industries has a 52-week low of $72.21 and a 52-week high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.53). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. During the same period in the previous year, the business earned $1.26 earnings per share. Sell-side analysts forecast that LyondellBasell Industries will post 6.68 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were issued a $1.34 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 annualized dividend and a yield of 6.98%. LyondellBasell Industries's dividend payout ratio is currently 129.47%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company reduced their target price on LyondellBasell Industries from $95.00 to $90.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft reduced their target price on LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating on the stock in a research note on Monday, November 4th. The Goldman Sachs Group reduced their target price on LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating on the stock in a research note on Thursday, December 12th. JPMorgan Chase & Co. reduced their target price on LyondellBasell Industries from $90.00 to $80.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. Finally, UBS Group reduced their target price on LyondellBasell Industries from $77.00 to $76.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $88.25.

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.