Regents Gate Capital LLP Invests $2.13 Million in LyondellBasell Industries (NYSE:LYB)

Regents Gate Capital LLP purchased a new position in shares of LyondellBasell Industries (NYSE:LYB - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 28,677 shares of the specialty chemicals company's stock, valued at approximately $2,130,000.

A number of other hedge funds have also made changes to their positions in LYB. CVA Family Office LLC raised its holdings in shares of LyondellBasell Industries by 155.9% during the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company's stock valued at $25,000 after acquiring an additional 159 shares during the last quarter. Webster Bank N. A. raised 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 valued at $26,000 after acquiring an additional 143 shares during the last quarter. Rosenberg Matthew Hamilton raised its holdings 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 valued at $30,000 after acquiring an additional 295 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of LyondellBasell Industries during the third quarter valued at approximately $31,000. Finally, Fortitude Family Office LLC raised its holdings in shares of LyondellBasell Industries by 162.0% during the third quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company's stock valued at $45,000 after acquiring an additional 290 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company's stock.

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 on Friday, December 13th. The stock was bought at an average price 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 $1,382,390.50. The trade was a 37.95 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.11% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Barclays reduced their target price on LyondellBasell Industries from $90.00 to $80.00 and set an "equal weight" rating for the company in a report on Monday, February 3rd. Mizuho reduced their target price on LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating for the company in a report on Monday, December 9th. StockNews.com cut LyondellBasell Industries from a "buy" rating to a "hold" rating in a report on Wednesday, January 8th. UBS Group cut 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. Finally, Morgan Stanley cut their price target on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $88.25.

LyondellBasell Industries Trading Up 0.5 %

LYB stock traded up $0.38 during midday trading on Thursday, hitting $76.27. 1,891,741 shares of the company's stock were exchanged, compared to its average volume of 2,783,953. The business has a 50-day simple moving average of $75.61 and a two-hundred day simple moving average of $86.06. 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 stock has a market capitalization of $24.77 billion, a PE ratio of 18.42, a P/E/G ratio of 0.92 and a beta of 1.05. LyondellBasell Industries has a 1-year low of $72.21 and a 1-year high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (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 period last year, the firm posted $1.26 EPS. On average, sell-side analysts predict that LyondellBasell Industries will post 6.68 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced 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 was Monday, December 2nd. This represents a $5.36 annualized dividend and a yield of 7.03%. LyondellBasell Industries's dividend payout ratio (DPR) is 129.47%.

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.