Merrion Investment Management Co LLC Buys New Holdings in LyondellBasell Industries (NYSE:LYB)

Merrion Investment Management Co LLC acquired a new position in LyondellBasell Industries (NYSE:LYB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,775 shares of the specialty chemicals company's stock, valued at approximately $503,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CVA Family Office LLC raised 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. Webster Bank N. A. lifted its holdings in shares of LyondellBasell Industries by 70.4% in the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock worth $26,000 after purchasing an additional 143 shares in the last quarter. Matrix Trust Co bought a new stake in LyondellBasell Industries during the 3rd quarter valued at $30,000. Rosenberg Matthew Hamilton raised its holdings in 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 buying an additional 295 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in shares of LyondellBasell Industries in the third quarter valued at $31,000. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Performance

Shares of LyondellBasell Industries stock traded down $2.25 during trading hours on Thursday, reaching $75.61. The company had a trading volume of 2,326,441 shares, compared to its average volume of 2,560,745. The firm has a market cap of $24.55 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 5.07 and a beta of 1.06. LyondellBasell Industries has a one year low of $72.21 and a one year high of $107.02. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25. The business has a fifty day simple moving average of $76.76 and a 200 day simple moving average of $87.49.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing analysts' consensus estimates of $1.98 by ($0.10). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The company had revenue of $10.33 billion for the quarter, compared to analysts' expectations of $10.60 billion. During the same period in the previous year, the firm earned $2.46 EPS. The firm's quarterly revenue was down 2.8% compared to the same quarter last year. On average, analysts anticipate that LyondellBasell Industries will post 6.48 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were given a dividend of $1.34 per share. The ex-dividend date was Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.09%. LyondellBasell Industries's dividend payout ratio (DPR) is currently 81.58%.

Insider Transactions at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan acquired 5,000 shares of the company's stock in a transaction dated Friday, December 13th. The stock was bought at an average cost of $76.06 per share, with a total value of $380,300.00. Following the acquisition, the director now owns 18,175 shares of the company's stock, valued at approximately $1,382,390.50. The trade was a 37.95 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.11% of the company's stock.

Wall Street Analysts Forecast Growth

LYB has been the subject of several analyst reports. Barclays lowered their price objective on LyondellBasell Industries from $99.00 to $95.00 and set an "equal weight" rating for the company in a research note on Monday, November 4th. Piper Sandler reiterated a "neutral" rating and issued a $95.00 target price (down previously from $112.00) on shares of LyondellBasell Industries in a research note on Tuesday, January 7th. Mizuho cut their price target on shares of LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating on the stock in a report on Monday, December 9th. StockNews.com lowered shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Finally, Morgan Stanley dropped their target price on shares of LyondellBasell Industries from $110.00 to $90.00 and set an "overweight" rating on the stock in a research report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $94.33.

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.