Hourglass Capital LLC Boosts Position in LyondellBasell Industries (NYSE:LYB)

Hourglass Capital LLC raised its holdings in LyondellBasell Industries (NYSE:LYB - Free Report) by 25.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,597 shares of the specialty chemicals company's stock after purchasing an additional 21,715 shares during the quarter. LyondellBasell Industries accounts for 2.2% of Hourglass Capital LLC's investment portfolio, making the stock its 12th largest position. Hourglass Capital LLC's holdings in LyondellBasell Industries were worth $7,843,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp grew its stake in LyondellBasell Industries by 1.9% in the 3rd quarter. State Street Corp now owns 12,202,118 shares of the specialty chemicals company's stock valued at $1,170,183,000 after purchasing an additional 230,327 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of LyondellBasell Industries by 4.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,023,982 shares of the specialty chemicals company's stock valued at $769,500,000 after buying an additional 362,671 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of LyondellBasell Industries by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 6,605,151 shares of the specialty chemicals company's stock valued at $638,964,000 after buying an additional 277,108 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of LyondellBasell Industries by 3.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company's stock valued at $501,501,000 after buying an additional 187,150 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of LyondellBasell Industries by 11.4% during the 3rd quarter. Franklin Resources Inc. now owns 2,875,267 shares of the specialty chemicals company's stock valued at $268,664,000 after buying an additional 293,622 shares during the last quarter. Institutional investors own 71.20% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LYB. StockNews.com cut LyondellBasell Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft dropped their price target on LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating on the stock in a research report on Monday, November 4th. Royal Bank of Canada increased their price objective on LyondellBasell Industries from $82.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, February 4th. 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 analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $88.25.

LyondellBasell Industries Stock Down 1.0 %

Shares of NYSE LYB traded down $0.80 during mid-day trading on Wednesday, hitting $77.42. 1,856,683 shares of the stock traded hands, compared to its average volume of 2,700,509. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. LyondellBasell Industries has a 52 week low of $72.21 and a 52 week high of $107.02. The company has a market cap of $25.14 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 0.96 and a beta of 1.05. The stock has a fifty day moving average price of $75.60 and a 200-day moving average price of $85.40.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 EPS 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 prior year, the company earned $1.26 earnings per share. Research analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 6.92%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries's dividend payout ratio (DPR) is 129.47%.

Insiders Place Their Bets

In other LyondellBasell Industries news, Director Robin W.T. Buchanan purchased 5,000 shares of the stock in a transaction dated Friday, December 13th. The shares were purchased at an average cost of $76.06 per share, with a total value of $380,300.00. Following the completion of the acquisition, the director now directly owns 18,175 shares in the company, valued at $1,382,390.50. This trade represents a 37.95 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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.