PUREfi Wealth LLC Buys Shares of 4,327 LyondellBasell Industries (NYSE:LYB)

PUREfi Wealth LLC purchased a new position in shares of LyondellBasell Industries (NYSE:LYB - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 4,327 shares of the specialty chemicals company's stock, valued at approximately $321,000.

Other institutional investors also recently modified their holdings of the company. Webster Bank N. A. grew its holdings in shares of LyondellBasell Industries by 70.4% during the fourth 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 during the last quarter. Rosenberg Matthew Hamilton boosted its holdings in shares of LyondellBasell Industries by 268.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company's stock worth $30,000 after buying an additional 295 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in LyondellBasell Industries in the third quarter valued at $31,000. Fortitude Family Office LLC raised its stake 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 buying an additional 290 shares during the period. Finally, Gilliland Jeter Wealth Management LLC lifted its holdings in shares of 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 worth $53,000 after purchasing an additional 203 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company's stock.

Insider Activity

In other news, Director Robin W.T. Buchanan purchased 5,000 shares of LyondellBasell Industries stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average cost of $76.06 per share, with a total value of $380,300.00. Following the completion of the purchase, the director now directly owns 18,175 shares in the company, valued at approximately $1,382,390.50. This trade represents a 37.95 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.11% of the stock is currently owned by company insiders.

Analyst Ratings Changes

LYB has been the subject of several analyst reports. Barclays lowered their price objective on LyondellBasell Industries from $90.00 to $80.00 and set an "equal weight" rating for the company in a research note on Monday, February 3rd. The Goldman Sachs Group dropped their price objective on LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating on the stock in a research note 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 for the company in a research report on Tuesday, February 4th. UBS Group lowered their target price on shares of LyondellBasell Industries from $77.00 to $76.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft cut their price target on LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating for the company in a report on Monday, November 4th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $88.25.

LyondellBasell Industries Trading Down 1.0 %

LYB stock traded down $0.80 on Wednesday, reaching $77.42. The company's stock had a trading volume of 1,856,683 shares, compared to its average volume of 2,700,509. The firm has a market cap of $25.14 billion, a PE ratio of 18.70, a PEG ratio of 0.96 and a beta of 1.05. The business has a fifty day simple moving average of $75.60 and a two-hundred day simple moving average of $85.40. LyondellBasell Industries has a 12-month low of $72.21 and a 12-month high of $107.02. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing the consensus estimate 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 previous year, the firm earned $1.26 earnings per share. As a group, research analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were given a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 6.92%. The ex-dividend date of this dividend was Monday, December 2nd. LyondellBasell Industries's dividend payout ratio is currently 129.47%.

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.