Maia Wealth LLC Invests $294,000 in LyondellBasell Industries (NYSE:LYB)

Maia Wealth LLC purchased a new stake in shares of LyondellBasell Industries (NYSE:LYB - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 3,733 shares of the specialty chemicals company's stock, valued at approximately $294,000.

Other hedge funds also recently added to or reduced their stakes in the company. Keynote Financial Services LLC lifted its stake in LyondellBasell Industries by 94.4% in the fourth quarter. Keynote Financial Services LLC now owns 11,441 shares of the specialty chemicals company's stock valued at $850,000 after acquiring an additional 5,556 shares during the last quarter. Metis Global Partners LLC grew its holdings in shares of LyondellBasell Industries by 4.7% in the 4th quarter. Metis Global Partners LLC now owns 8,669 shares of the specialty chemicals company's stock worth $644,000 after purchasing an additional 392 shares during the last quarter. WR Wealth Planners LLC lifted its position in LyondellBasell Industries by 266.0% during the 4th quarter. WR Wealth Planners LLC now owns 1,175 shares of the specialty chemicals company's stock worth $87,000 after buying an additional 854 shares in the last quarter. SVB Wealth LLC acquired a new position in LyondellBasell Industries during the 4th quarter valued at about $1,103,000. Finally, Altrius Capital Management Inc boosted its stake in shares of LyondellBasell Industries by 16.8% in the 4th quarter. Altrius Capital Management Inc now owns 97,953 shares of the specialty chemicals company's stock valued at $7,275,000 after purchasing an additional 14,117 shares during the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Down 0.7 %

LYB traded down $0.54 during trading hours on Thursday, reaching $75.68. 958,908 shares of the stock traded hands, compared to its average volume of 2,056,124. The firm's fifty day simple moving average is $75.94 and its two-hundred day simple moving average is $83.97. The company has a market cap of $24.48 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 0.97 and a beta of 1.06. LyondellBasell Industries has a fifty-two week low of $72.21 and a fifty-two week high of $107.02. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13.

Remove Ads

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (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 in the prior year, the company earned $1.26 earnings per share. As a group, analysts forecast that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a $1.34 dividend. The ex-dividend date is Monday, March 10th. This represents a $5.36 annualized dividend and a dividend yield of 7.08%. LyondellBasell Industries's dividend payout ratio is currently 129.47%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on LYB shares. The Goldman Sachs Group lowered their target price on shares of LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating on the stock in a report on Thursday, December 12th. JPMorgan Chase & Co. cut their target price on LyondellBasell Industries from $90.00 to $80.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. UBS Group decreased their price target on LyondellBasell Industries from $77.00 to $76.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. StockNews.com downgraded LyondellBasell Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Finally, 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. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $88.25.

Insider Transactions at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan purchased 5,000 shares of the firm's stock in a transaction that occurred 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 in the company, valued at $1,382,390.50. This trade represents a 37.95 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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.