Kerusso Capital Management LLC Grows Stock Position in LyondellBasell Industries (NYSE:LYB)

Kerusso Capital Management LLC grew its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 80.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,368 shares of the specialty chemicals company's stock after buying an additional 19,759 shares during the quarter. LyondellBasell Industries makes up 2.1% of Kerusso Capital Management LLC's portfolio, making the stock its 14th largest position. Kerusso Capital Management LLC's holdings in LyondellBasell Industries were worth $3,295,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Webster Bank N. A. lifted its position in LyondellBasell Industries by 70.4% during the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock worth $26,000 after buying an additional 143 shares in the last quarter. Rosenberg Matthew Hamilton raised its holdings in shares of LyondellBasell Industries by 268.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company's stock valued at $30,000 after purchasing an additional 295 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of LyondellBasell Industries in the 3rd quarter valued at about $31,000. Fortitude Family Office LLC raised its holdings in LyondellBasell Industries by 162.0% in the 3rd quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company's stock valued at $45,000 after acquiring an additional 290 shares during the period. Finally, Gilliland Jeter Wealth Management LLC raised its holdings in LyondellBasell Industries by 58.0% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 553 shares of the specialty chemicals company's stock valued at $53,000 after acquiring an additional 203 shares during the period. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Trading Up 0.2 %

NYSE LYB traded up $0.13 during mid-day trading on Thursday, reaching $77.63. 1,725,444 shares of the stock were exchanged, compared to its average volume of 2,670,968. LyondellBasell Industries has a one year low of $72.21 and a one year high of $107.02. The stock has a 50 day simple moving average of $75.62 and a 200-day simple moving average of $85.35. The stock has a market cap of $25.21 billion, a P/E ratio of 18.75, a P/E/G ratio of 0.98 and a beta of 1.05. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing analysts' consensus estimates 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 quarter last year, the firm earned $1.26 earnings per share. On average, analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 6.90%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries's payout ratio is 129.47%.

Analyst Ratings Changes

A number of brokerages have issued reports on LYB. The Goldman Sachs Group decreased their target price on shares of LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating on the stock in a research report on Thursday, December 12th. Morgan Stanley cut their target price on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. JPMorgan Chase & Co. dropped their price target on shares of LyondellBasell Industries from $90.00 to $80.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. UBS Group dropped their price target on shares of LyondellBasell Industries from $77.00 to $76.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. Finally, Wells Fargo & Company dropped their price target on shares of LyondellBasell Industries from $95.00 to $90.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Two equities 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. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $88.25.

Insiders Place Their Bets

In related news, Director Robin W.T. Buchanan purchased 5,000 shares of LyondellBasell Industries stock in a transaction on Friday, December 13th. The stock was acquired 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 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 purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.11% of the company's stock.

About LyondellBasell Industries

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.