Hennion & Walsh Asset Management Inc. Raises Holdings in LyondellBasell Industries (NYSE:LYB)

Hennion & Walsh Asset Management Inc. increased its position in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 26.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,973 shares of the specialty chemicals company's stock after purchasing an additional 3,958 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in LyondellBasell Industries were worth $1,409,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. CVA Family Office LLC increased its stake in LyondellBasell Industries by 155.9% during the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company's stock worth $25,000 after buying an additional 159 shares during the period. Matrix Trust Co purchased a new stake in shares of LyondellBasell Industries in the 3rd quarter valued at about $30,000. Rosenberg Matthew Hamilton grew its position in shares of 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 acquiring an additional 295 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in LyondellBasell Industries in the third quarter valued at $31,000. Finally, Fortitude Family Office LLC lifted its position 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 during the period. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Price Performance

NYSE:LYB traded up $0.72 during trading hours on Friday, reaching $77.35. 1,866,485 shares of the company were exchanged, compared to its average volume of 2,516,248. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25. LyondellBasell Industries has a 1-year low of $72.21 and a 1-year high of $107.02. The company has a market capitalization of $25.12 billion, a P/E ratio of 11.77, a P/E/G ratio of 1.74 and a beta of 1.06. The business has a 50 day moving average of $77.63 and a 200 day moving average of $88.41.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued 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). The business had revenue of $10.33 billion for the quarter, compared to analyst estimates of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. LyondellBasell Industries's revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.46 EPS. Research analysts forecast that LyondellBasell Industries will post 6.8 EPS for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were paid 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 6.93%. LyondellBasell Industries's dividend payout ratio (DPR) is presently 81.58%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on LYB shares. Royal Bank of Canada dropped their price target on LyondellBasell Industries from $104.00 to $92.00 and set an "outperform" rating for the company in a research report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft dropped their price target on LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating for the company in a research note on Monday, November 4th. Morgan Stanley lowered their target price on LyondellBasell Industries from $110.00 to $90.00 and set an "overweight" rating for the company in a research note on Monday, January 13th. Mizuho decreased their price objective on shares of LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating for the company in a report on Monday, December 9th. Finally, Wells Fargo & Company cut their target price on LyondellBasell Industries from $105.00 to $95.00 and set an "overweight" rating on the stock in a research note on Tuesday, December 10th. 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 stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $94.33.

Insiders Place Their Bets

In other LyondellBasell Industries news, Director Robin W.T. Buchanan bought 5,000 shares of the business's stock in a transaction dated Friday, December 13th. The shares were purchased at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the purchase, the director now directly owns 18,175 shares of the company's stock, 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 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.