Flagship Harbor Advisors LLC Acquires Shares of 3,715 LyondellBasell Industries (NYSE:LYB)

Flagship Harbor Advisors LLC acquired a new stake in shares of LyondellBasell Industries (NYSE:LYB - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,715 shares of the specialty chemicals company's stock, valued at approximately $276,000.

Several other hedge funds and other institutional investors have also made changes to their positions in LYB. CVA Family Office LLC increased its position in shares of LyondellBasell Industries by 155.9% during the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company's stock valued at $25,000 after acquiring an additional 159 shares during the last quarter. Matrix Trust Co acquired a new stake in LyondellBasell Industries in the 3rd quarter valued at approximately $30,000. Rosenberg Matthew Hamilton lifted its stake in LyondellBasell Industries by 268.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company's stock worth $30,000 after purchasing an additional 295 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of LyondellBasell Industries in the third quarter valued at $31,000. Finally, Fortitude Family Office LLC lifted its stake in LyondellBasell Industries by 162.0% during the 3rd quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company's stock worth $45,000 after acquiring an additional 290 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company's stock.

LyondellBasell Industries Stock Performance

Shares of LyondellBasell Industries stock traded down $1.97 during trading on Thursday, hitting $75.89. 1,592,105 shares of the stock were exchanged, compared to its average volume of 2,526,435. The stock's fifty day moving average is $76.76 and its 200 day moving average is $87.49. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13. The stock has a market cap of $24.65 billion, a PE ratio of 11.56, a P/E/G ratio of 5.07 and a beta of 1.06. LyondellBasell Industries has a 12 month low of $72.21 and a 12 month high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.98 by ($0.10). The firm had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The business's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.46 earnings per share. As a group, sell-side analysts anticipate that LyondellBasell Industries will post 6.48 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were given a $1.34 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.06%. LyondellBasell Industries's dividend payout ratio (DPR) is 81.58%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. StockNews.com lowered shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating for the company in a research note on Monday, November 4th. Barclays lowered their price objective on shares of LyondellBasell Industries from $99.00 to $95.00 and set an "equal weight" rating on the stock in a research report on Monday, November 4th. Mizuho reduced their price objective on shares of LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating for the company in a research report on Monday, December 9th. Finally, Piper Sandler reaffirmed a "neutral" rating and issued a $95.00 price objective (down from $112.00) on shares of LyondellBasell Industries in a research note on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $94.33.

Insiders Place Their Bets

In related news, Director Robin W.T. Buchanan bought 5,000 shares of the business's stock in a transaction on Friday, December 13th. The shares were bought at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the acquisition, the director now directly owns 18,175 shares in the company, valued at approximately $1,382,390.50. This represents a 37.95 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.11% of the company's stock.

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.