Four Tree Island Advisory LLC Takes $797,000 Position in LyondellBasell Industries (NYSE:LYB)

Four Tree Island Advisory LLC acquired a new stake in LyondellBasell Industries (NYSE:LYB - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,737 shares of the specialty chemicals company's stock, valued at approximately $797,000. LyondellBasell Industries makes up approximately 0.6% of Four Tree Island Advisory LLC's investment portfolio, making the stock its 18th largest holding.

Several other hedge funds and other institutional investors have also modified their holdings of the company. CVA Family Office LLC raised its holdings in shares of LyondellBasell Industries by 155.9% during the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company's stock valued at $25,000 after buying an additional 159 shares during the period. Webster Bank N. A. raised its holdings in shares of LyondellBasell Industries by 70.4% during the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock valued at $26,000 after buying an additional 143 shares during the period. Rosenberg Matthew Hamilton raised its holdings in shares of LyondellBasell Industries by 268.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company's stock valued at $30,000 after buying an additional 295 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of LyondellBasell Industries during the 3rd quarter valued at about $31,000. Finally, Fortitude Family Office LLC raised its holdings in shares of LyondellBasell Industries by 162.0% during the 3rd quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company's stock valued at $45,000 after buying an additional 290 shares during the period. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Performance

Shares of NYSE LYB traded up $0.38 during trading on Thursday, reaching $76.27. The stock had a trading volume of 1,891,741 shares, compared to its average volume of 2,783,953. LyondellBasell Industries has a one year low of $72.21 and a one year high of $107.02. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. The stock has a market cap of $24.77 billion, a PE ratio of 18.42, a P/E/G ratio of 0.92 and a beta of 1.05. The firm's 50 day moving average price is $75.61 and its two-hundred day moving average price is $86.06.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.28 by ($0.53). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. During the same period last year, the business posted $1.26 EPS. On average, research analysts forecast that LyondellBasell Industries will post 6.68 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were given a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a yield of 7.03%. LyondellBasell Industries's dividend payout ratio is currently 129.47%.

Insider Activity at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan acquired 5,000 shares of LyondellBasell Industries stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the transaction, the director now directly owns 18,175 shares of the company's stock, valued at $1,382,390.50. This trade represents a 37.95 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.11% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Royal Bank of Canada raised their target price on LyondellBasell Industries from $82.00 to $90.00 and gave the company an "outperform" rating in a report on Tuesday, February 4th. StockNews.com downgraded LyondellBasell Industries from a "buy" rating to a "hold" rating in a report on Wednesday, January 8th. Mizuho dropped their price objective on LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating on the stock in a report on Monday, December 9th. Wells Fargo & Company dropped their price objective on LyondellBasell Industries from $95.00 to $90.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Finally, The Goldman Sachs Group dropped their price objective on LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating on the stock in a report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, nine have issued 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 $88.25.

LyondellBasell Industries Company 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.