J2 Capital Management Inc Invests $302,000 in LyondellBasell Industries (NYSE:LYB)

J2 Capital Management Inc bought a new position in shares of LyondellBasell Industries (NYSE:LYB - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,065 shares of the specialty chemicals company's stock, valued at approximately $302,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LYB. HighTower Advisors LLC boosted its holdings in shares of LyondellBasell Industries by 18.2% during the third quarter. HighTower Advisors LLC now owns 1,038,687 shares of the specialty chemicals company's stock worth $99,557,000 after purchasing an additional 159,803 shares during the last quarter. JPMorgan Chase & Co. lifted its position in LyondellBasell Industries by 3.7% during the third quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company's stock worth $501,501,000 after buying an additional 187,150 shares during the period. Quantinno Capital Management LP boosted its stake in LyondellBasell Industries by 23.1% in the 3rd quarter. Quantinno Capital Management LP now owns 61,897 shares of the specialty chemicals company's stock worth $5,936,000 after buying an additional 11,610 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its holdings in LyondellBasell Industries by 202.4% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 12,986 shares of the specialty chemicals company's stock valued at $964,000 after buying an additional 8,691 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of LyondellBasell Industries by 6.3% during the 3rd quarter. Principal Financial Group Inc. now owns 307,496 shares of the specialty chemicals company's stock valued at $29,489,000 after acquiring an additional 18,311 shares during the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Robin W.T. Buchanan purchased 5,000 shares of the business's stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average price of $76.06 per share, with a total value 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.11% of the stock is currently owned by company insiders.

LyondellBasell Industries Stock Up 0.9 %

NYSE LYB traded up $0.72 during trading hours on Friday, reaching $77.35. 1,866,485 shares of the company traded hands, compared to its average volume of 2,516,248. The company has a 50 day moving average of $77.63 and a two-hundred day moving average of $88.41. The stock has a market capitalization of $25.12 billion, a PE ratio of 11.77, a PEG ratio of 1.74 and a beta of 1.06. LyondellBasell Industries has a 12 month low of $72.21 and a 12 month high of $107.02. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing analysts' consensus estimates of $1.98 by ($0.10). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The firm had revenue of $10.33 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same quarter last year, the business posted $2.46 earnings per share. The firm's revenue for the quarter was down 2.8% on a year-over-year basis. As a group, equities analysts expect that LyondellBasell Industries will post 6.8 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The company also recently declared 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. This represents a $5.36 annualized dividend and a dividend yield of 6.93%. The ex-dividend date of this dividend was Monday, December 2nd. LyondellBasell Industries's dividend payout ratio is currently 81.58%.

Analyst Ratings Changes

LYB has been the topic of several research analyst reports. StockNews.com cut shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating on the stock in a report on Monday, November 4th. Mizuho dropped their price objective on LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating for the company in a report on Monday, December 9th. Barclays reduced their target price on LyondellBasell Industries from $99.00 to $95.00 and set an "equal weight" rating on the stock in a report on Monday, November 4th. Finally, The Goldman Sachs Group decreased their price objective on shares of LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating for the company in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, LyondellBasell Industries currently has an average rating of "Hold" and an average price target of $94.33.

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.