33,955 Shares in LyondellBasell Industries (NYSE:LYB) Bought by MADDEN SECURITIES Corp

MADDEN SECURITIES Corp purchased a new stake in LyondellBasell Industries (NYSE:LYB - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 33,955 shares of the specialty chemicals company's stock, valued at approximately $2,522,000. LyondellBasell Industries makes up approximately 1.0% of MADDEN SECURITIES Corp's investment portfolio, making the stock its 29th biggest holding.

A number of other hedge funds have also recently bought and sold shares of the stock. International Private Wealth Advisors LLC grew its stake in LyondellBasell Industries by 8.8% in the fourth quarter. International Private Wealth Advisors LLC now owns 3,189 shares of the specialty chemicals company's stock valued at $237,000 after purchasing an additional 259 shares in the last quarter. Bristlecone Advisors LLC bought a new position in LyondellBasell Industries in the fourth quarter valued at approximately $416,000. Regents Gate Capital LLP bought a new position in LyondellBasell Industries in the fourth quarter valued at approximately $2,130,000. Soltis Investment Advisors LLC grew its stake in LyondellBasell Industries by 106.8% in the fourth quarter. Soltis Investment Advisors LLC now owns 73,072 shares of the specialty chemicals company's stock valued at $5,427,000 after purchasing an additional 37,744 shares in the last quarter. Finally, swisspartners Advisors Ltd grew its stake in LyondellBasell Industries by 4.7% in the fourth quarter. swisspartners Advisors Ltd now owns 86,648 shares of the specialty chemicals company's stock valued at $6,435,000 after purchasing an additional 3,865 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors.

Insider Activity

In other LyondellBasell Industries news, Director Robin W.T. Buchanan purchased 5,000 shares of the firm's stock in a transaction dated Friday, December 13th. The shares were bought at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the purchase, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.11% of the company's stock.

LyondellBasell Industries Price Performance

NYSE LYB traded up $0.50 during midday trading on Friday, hitting $76.74. The company had a trading volume of 1,481,277 shares, compared to its average volume of 2,740,532. The company has a market capitalization of $24.92 billion, a PE ratio of 18.54, a P/E/G ratio of 0.92 and a beta of 1.05. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. The firm has a 50-day moving average price of $75.59 and a 200-day moving average price of $86.00. LyondellBasell Industries has a twelve month low of $72.21 and a twelve month high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing the consensus estimate 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 firm earned $1.26 earnings per share. As a group, analysts anticipate that LyondellBasell Industries will post 6.68 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were paid a $1.34 dividend. The ex-dividend date was Monday, December 2nd. This represents a $5.36 annualized dividend and a dividend yield of 6.98%. LyondellBasell Industries's payout ratio is 129.47%.

Analyst Ratings Changes

A number of analysts have recently issued reports on LYB shares. Deutsche Bank Aktiengesellschaft cut their price objective on LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating for the company in a research report on Monday, November 4th. Piper Sandler cut their price objective on LyondellBasell Industries from $95.00 to $84.00 and set a "neutral" rating for the company in a research report on Thursday. Royal Bank of Canada raised their price objective on LyondellBasell Industries from $82.00 to $90.00 and gave the company an "outperform" rating in a research report on Tuesday, February 4th. The Goldman Sachs Group cut their price objective on LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating for the company in a research report on Thursday, December 12th. Finally, Morgan Stanley cut their price objective on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $88.25.

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.